The interactions and interdependencies of insolvency development and the insolvency contingency
system with economic dynamics are paid little attention in the economic literature both
theoretically and empirically. This also applies in particular to the economic effects of the
state insolvency contingency institution for employees affected by a corporate insolvency.This
study therefore provides a comprehensive overview of the insolvency development and the
insolvency contingency system in Austria addressing both the macroeconomic determinants and
the implications along two specific research questions.
