Causes, Consequences and Remedies
Chapter 6: Conclusions: towards social policy solutions to debt problems
An important finding from the comparison of debt problems and policies to regulate them in six countries is that the differences in personal insolvency regimes do not follow the traditional welfare state regime demarcation lines. For over-indebted individuals, the US offers the best possibility for a fresh start. Undoubtedly the swift debt discharge options in the US, even with their deficiencies, compensate for the underdeveloped welfare state programmes in other areas. However, weaknesses of, for example, health care systems and support for students are important causes of over-indebtedness in the US. The social policy approach calls for a method that would integrate different policy areas related to over-indebtedness. That entails coordination between different ministries and government agencies dealing with a wide range of topics, from regulation of financial markets to consumer education.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.