@TechReport{iza:izadps:dp17047,
            	author={Bruze, Gustaf and Hilsløv, Alexander Kjær and Maibom, Jonas},
            	title={The Long-Run Effects of Individual Debt Relief},
            	year={2024},
	month={Jun},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={17047},
            	url={https://www.iza.org/publications/dp17047},
	abstract={Individuals with extensive debt may be granted debt relief in court. We provide a comprehensive evaluation of the Danish debt relief program with data from court records linked to nationwide register data. Using event-study methods and quasi-random assignment of applicants to court trustees with varying admission rates, we show that debt relief leads to a large increase in earned income, employment, assets, real estate, secured debt, home ownership, and wealth that persists for more than 25 years after a court ruling. The net transition of workers into employment accounts for two thirds of the increase in earned income.},
	keywords={household finance;personal bankruptcy;debt relief},
            }