Financial survival analysis of defaulted debtors

L N Allen () and Lawrence Rose
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L N Allen: Massey University

Journal of the Operational Research Society, 2006, vol. 57, issue 6, 630-636

Abstract: Abstract This research centres on the financial survival experience of participants in a New Zealand court-administered debt repayment plan. Using Kaplan–Meier estimators of survival and hazard functions, we summarize and plot survival data. Group experience is compared by means of log-rank tests. The proportional hazard models, fitted over a partitioned time axis, demonstrate that a number of factors including the number of dependents and the fact of previous bankruptcy are predictive of defaulted debtors’ financial survival.

Keywords: consumer debt; personal bankruptcy; court-administered repayment plan; survival analysis; Cox proportional hazards regression; New Zealand (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:pal:jorsoc:v:57:y:2006:i:6:d:10.1057_palgrave.jors.2602038

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DOI: 10.1057/palgrave.jors.2602038

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