Relevant bibliographies by topics / Household debt

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  1. Journal articles
  2. Dissertations / Theses
  3. Books
  4. Book chapters
  5. Conference papers
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Academic literature on the topic 'Household debt'

Author: Grafiati
Published: 4 June 2021
Last updated: 14 March 2023

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Journal articles on the topic "Household debt"

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Li, Jiajing, Chen Jiao, Stephen Nicholas, Jian Wang, Gong Chen, and Jinghua Chang. "Impact of Medical Debt on the Financial Welfare of Middle- and Low-Income Families across China." International Journal of Environmental Research and Public Health 17, no. 12 (June 26, 2020): 4597. http://dx.doi.org/10.3390/ijerph17124597.

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Background: Medical debt is a persistent global issue and a crucial and effective indicator of long-term family medical financial burden. This paper fills a research gap on the incidence and causes of medical debt in Chinese low- and middle-income households. Method: Data were obtained from the 2015 China Household Finance Survey, with medical debt measured as borrowings from families, friends and third parties. Tobit regression models were used to analyze the data. The concentration index was employed to measure the extent of socioeconomic inequality in medical debt incidence. Results: We found that 2.42% of middle-income families had medical debt, averaging US$6278.25, or 0.56 times average household yearly income and 3.92% of low-income families had medical debts averaging US$5419.88, which was equivalent to 2.49 times average household yearly income. The concentration index for low and middle-income families’ medical debt was significantly pro-poor. Medical debt impoverished about 10% of all non-poverty households and pushed poverty households deeper into poverty. While catastrophic health expenditure (CHE) was the single most important factor in medical debt, age, education, and health status of householder, hospitalization and types of medical insurance were also significant factors determining medical debt. Conclusions: Using a narrow definition of medical debt, the incidence of medical debt in Chinese low- and middle-income households was relatively low. But, once medical debt happened, it imposed a long-term financial burden on medical indebted families, tipping many low and middle-income households into poverty and imposing on households several years of debt repayments. Further studies need to use broader definitions of medical debt to better assess the long-term financial impact of medical debt on Chinese families. Policy makers need to modify China’s basic medical insurance schemes to manage out-of-pocket, medical debt and CHE and to take account of pre-existing medical debt.
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Bednarzik, Robert, Andreas Kern, and John Hisnanick. "Displacement and debt – the role of debt in returning to work after displacement." Journal of Financial Economic Policy 13, no. 5 (April 8, 2021): 600–650. http://dx.doi.org/10.1108/jfep-07-2020-0160.

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Purpose This paper aims to analyze the question of how household indebtedness impacts households’ incentives to search for and accept work after displacement. Design/methodology/approach To analyze the relationship between household indebtedness and unemployment duration, this paper applies standard proportional hazard models. For data, this paper relies on the longitudinal US National Survey of Income and Program Participation (SIPP), covering the period between 2008 and 2012. Findings The findings show that a 10% increase in household debt increases the likelihood (hazard) of leaving unemployment by 0.2%–0.4% points. Independent of measuring a household's indebtedness and in light of a series of robustness tests, the results indicate that the pressure of servicing an existing debt burden forces individuals to return to work. Social implications From a policy perspective, the research findings support the notion that household indebtedness plays an important mediating role for labor market outcomes through influencing households’ incentives to return to work after displacement. This finding has important implications for the design of effective policy responses to mass layoffs during the current pandemic. Originality/value A key innovation of the research is that we can show that household indebtedness impacts the labor supply side. From a macroeconomic perspective, this insight is important in better understanding the role of increased indebtedness (and financialization) in amplifying aggregate macroeconomic dynamics.
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Gibbons, Damon. "Unsustainable Household Debt: Problems of Measurement." Vierteljahrshefte zur Wirtschaftsforschung 89, no. 1 (January 1, 2020): 101–14. http://dx.doi.org/10.3790/vjh.89.1.101.

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Summary: In the wake of the Global Financial Crisis, a significant research effort has been made to better understand the links between household debt levels, financial stability risks, and the ongoing implications of the ‘debt overhang’ for economic growth. However, accurately measuring the household debt burden remains problematic. Aggregate measures of household indebtedness (e. g. household liabilities relative to income) fail to fully capture the debt servicing burdens of households, particularly in periods when real incomes are declining (as has been the case in the UK in recent years). They also provide no insight into the distribution of debt burdens, which may be important for both future financial stability and economic growth. We attempt to address this problem by combining a new analysis of aggregate data with insights gleaned from household debt surveys. We first construct a new measure of debt interest payments as a percentage of the overall household surplus from the aggregate data. This indicates a significant increase in household debt burdens between 2016 and 2018. We test the validity of this measure by analysing household debt surveys over the period, and report on the most affected households. The findings support a case for a lowering of the thresholds used in official measures of financial vulnerability and over-indebtedness and for greater impetus in policymaking to relieve the financial pressures of households in debt.
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Hong, Cancheng, Di He, and Ting Ren. "The Impact of Commercial Medical Insurance Participation on Household Debt." Sustainability 15, no. 2 (January 12, 2023): 1526. http://dx.doi.org/10.3390/su15021526.

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Household debt is an important part of household financial decision-making, and commercial medical insurance has gradually become an important tool for households to use in improving their household balance sheets. Based on 2017 China Household Finance Survey (CHFS) data, this paper studies the impact of commercial medical insurance participation on household debt and analyzes the heterogeneity of household conditions, such as the location of the household, the age of the household head, and the health status of members. The study found that households participating in commercial medical insurance are more likely to be indebted, and their degree of debt is higher than that of households without commercial medical insurance. For urban households, young households, and households with healthy members, the participation of commercial medical insurance has a high effect on the likelihood and the degree of debt. Therefore, while strengthening household insurance awareness, the government should promote the strengthening of the risk-resistance function of commercial medical insurance and encourage financial institutions to design products that combine insurance and credit to release households’ consumption and investment potential.
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Yoshino, Naoyuki, and Prachi Gupta. "How to Avoid Household Debt Overhang?: An Analytical Framework and Analysis for India." International Review of Financial Consumers 5, No. 1 Apr 2020 (July 1, 2020): 1–12. http://dx.doi.org/10.36544/irfc.2020.5-1.1.

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In this paper we develop an analytical framework using the household utility maximization approach to model stability conditions to avoid household debt overhang. Our theoretical framework suggests that household debt stability is a function of five factors, namely the rate of interest, period of lending, income growth, loan-to-income ratio, and households’ disutility from borrowing. Further, we apply our analytical model to the case of India and estimate household debt stability conditions for Indian households under various scenarios to estimate the ceiling borrowing ratios below which households can avoid the risk of running into a debt overhang problem.
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Maneejuk, Paravee, Sopanid Teerachai, Atinuch Ratchakit, and Woraphon Yamaka. "Analysis of Difference in Household Debt across Regions of Thailand." Sustainability 13, no. 21 (November 6, 2021): 12253. http://dx.doi.org/10.3390/su132112253.

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This study analyzed the determinants of household debt in Thailand at both the regional and the national levels using the panel data of 76 provinces over the years 2009–2017. The Panel Quantile Regression Model was employed to enable the analysis of the formation of household debt ranging from low to high levels. The findings indicate that household indebtedness in different regions has been shaped by a variety of factors, and that households in the same region with different levels of debt burden would experience different impacts or outcomes. We also tested the convergence of household debt, which produced the thought-provoking finding that household debt convergence failed to occur at both the national and the regional levels, while household debt divergence was found instead at the statistical significance level in some regions. The growing debt divergence phenomenon might be an outcome indicator of the unequal access to credit sources among different households in Thai society.
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Zauder, Krunoslav, and Mate Rosan. "Which Loans Do We Take? A Micro-Level Analysis of Croatian Households' Debt Participation." Croatia Economic Survey 24, no. 1 (June 15, 2022): 5–41. http://dx.doi.org/10.15179/ces.24.1.1.

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This paper uses a new data set in order to explore micro-level patterns of household borrowing in Croatia. By analyzing cross-section data from the Household Finance and Consumption Survey, conducted for the first time in Croatia in 2017, we present the structure of household debt holdings and identify several household characteristics associated with debt participation in three types of bank debt: secured debt, non-collateralized loans, as well as overdrafts and/ or credit card debt. Our results indicate that: a) households with middle-aged heads tend to participate more and hold larger amounts of all three debt types; b) credit constrained households are more likely to take non-collateralized loans; c) inability to finance consumption and willingness to take risks when making saving and investment decisions contribute to participation in overdrafts and/or credit card debt.
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Kolios, Bill. "Australian household debt and the macroeconomic environment." Journal of Economic Studies 48, no. 1 (April 29, 2020): 21–34. http://dx.doi.org/10.1108/jes-10-2019-0460.

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PurposeThis paper aims to investigate the effect of labour market conditions and monetary policy on households' attitude towards debt in the Australian context.Design/methodology/approachIn doing so, household debt is categorised into housing, and consumer debt and the relationship is empirically tested through the use of a vector error correction model.FindingsConsumer debt is found to be highly dependent on consumption with employment income and unemployment having a statistically insignificant effect, whilst monetary policy showing an inverse relation to consumer debt. The findings suggest that household consumption appears to be the primary determinant for consumer debt, which then behaves as a wage substitute. In terms of housing debt, income and monetary policy positively affect households' decisions with consumption and unemployment having a negative impact on the level of housing debt. The empirical results suggest that housing debt behaves as a proxy for household investment.Originality/valueThis paper empirically investigates the impact of selected macroeconomic variables on housing and personal debt separately. The findings suggest that monetary policy and labour market conditions have different impacts on the two separate debt types.
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Mainal, Siti Aminah, Catherine S. F. Ho, and Jamaliah Mohd Yusof. "Post Financial Crisis and Macroeconomic Fundamentals on Household Debt in Advanced Economies." Journal of Finance and Banking Review Vol. 2 (3) Jul-Sep 2017 2, no. 3 (June 16, 2017): 36–41. http://dx.doi.org/10.35609/jfbr.2017.2.3(6).

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Objective - The unwarranted household debt initiated the global financial crisis which led to severe worldwide financial instability. Deleveraging process which has been taking place since the crisis has been slow and there is no quick fix to the debt issue. The lack of study on the effect of financial crisis on household debt justifies the objective to investigate macroeconomic fundamentals and financial crisis on household debt. Methodology/Technique - This study applies panel data analysis in ten advanced economies from 2001 to 2013. The random effect (RE) generalized least square estimator is used in the regression to examine macroeconomic factors and post financial crisis period as control variable on household debt. Findings - Findings confirm that post financial crisis period has significant negative effect on household debt which affirmed the deleveraging process in most advanced economies. Economic growth and household disposable income too have negative relation with household debt. Nonetheless, macroeconomic factors such as inflation, housing price and household consumption encourage household debt in advanced economies. Novelty - This study suggests that empirical evidence support that household avert from borrowing post financial crisis. Intensification of housing price and other consumption expenditure, if left unrestrained, may elicit another debt crisis. These are challenges faced by policy makers to curb household debt which entail risks for households, the financial system and the wider economy. Type of Paper: Empirical Keywords: Household Debt; Post Financial Crisis; Macroeconomic Factors. JEL Classification: G01, G02.
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Mainal, Siti Aminah, Catherine S. F. Ho, and Jamaliah Mohd Yusof. "Household Behavior towards Debt in a Challenging Financial Environment: Malaysian evidence." Environment-Behaviour Proceedings Journal 1, no. 1 (June 26, 2016): 239. http://dx.doi.org/10.21834/e-bpj.v1i1.220.

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The study of household behavior towards debt is important in this challenging financial environment. Escalating household debt can cause social and economic problems. For the past few years, Malaysia has emerged as the country with the highest household debt in the ASEAN region. This study aims to examine the predictors of intention to incur household debt among Malaysian households. Analysis on 100 fully completed and operational questionnaires in the preliminary study revealed financial literacy and subjective norm as significant predictors of attitude and the mediating relationship between attitude and intention to incur household debt was found to be negatively significant.© 2016. The Authors. Published for AMER ABRA by e-International Publishing House, Ltd., UK. Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians) and cE-Bs (Centre for Environment-Behaviour Studies, Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia.Keywords: Household behavior; household debt; financial environment; financial literacy
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Dissertations / Theses on the topic "Household debt"

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Mina, Filipa Calado. "Determinants of household debt refinancing in Portugal." Master's thesis, Instituto Superior de Economia e Gestão, 2016. http://hdl.handle.net/10400.5/14197.

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Mestrado em Finanças
Este estudo empírico pretende contrinuir para a explicação dos determinantes do refinanciamento da dívida pelos agregados familiares. Apesar da importância atual do refinanciamento, existe um gap de literatura teórica e empírica sobre o mesmo. Este estudo empírico, baseado numa base de dados única proveniente de um gabinete de aconsellhamento de crédito, contribui para prencher esta lacuna, uma vez que descreve as características das famílias que utilizaram os serviços de aconselhamento de crédito e que decidiram recorrer ou não à renegociação da dívida. Além disso, esta pesquisa demonstra uma síntese do enquadramento legal em que o refinanciamento tem sido formalizado em Portugal. Adoptou-se o modelo binário, cuja variavel dependente é a procura do refinanciamento (ou não) da dívida e foram testados vários fatores explicativos: economico-financeiros, socio demograficos e comportamentais. Os resultados sugerem que o rendimento e a riqueza, a educação, a dimensão do agregado familiar e ser mulher influenciam positivamente o recurso à renegociação. Por outro lado, os fatores com influência negativa na probabilidade de renegociação são a capacidade de pagamento, ser divorciado e a idade do representante do agregado familiar.
This research aims to contribute for the explanation of the determinants of the renegotiation of the debt by the households. Contrasting with the actual importance of the debt renegotiation by the households, there is a gap in the theoretical and empirical literature about the issue. This study, based on a unique microdata data set from a Portuguese credit counseling office, contributes to fill that gap because describes the characteristics and analysis the behavior of a set of households that use the credit counselling and decide or not to renegotiate their debt. Moreover, this research also presents a synthesis of the legal framework under which the refinancing is done in Portugal. Adopting a binary model where the dependent variable is renegotiating (or not) the debt, different kind of explanatory factors were tested: economic and financial, socio-demographic and behavioral. The results suggest factors that have a positive contribution to the negotiation: income and wealth, education, family size and being female. By contrary, some other factors are more likely to decrease the probability of renegotiate: ability to pay, being divorced and age of household representative.
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Lee, Jonghee. "Racial/Ethnic Disparities in Household Debt Repayment." The Ohio State University, 2009. http://rave.ohiolink.edu/etdc/view?acc_num=osu1244055120.

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Cardaci, A. "ESSAYS ON INEQUALITY, HOUSEHOLD DEBT AND FINANCIAL INSTABILITY." Doctoral thesis, Università degli Studi di Milano, 2015. http://hdl.handle.net/2434/328593.

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My Ph.D. thesis contributes to the growing literature on the link between inequality and economic crises, focusing in particular on the relationship between rising income disparities, household debt dynamics and the resulting financial instability. In the first paper, I review both the theoretical and the empirical literature on inequality, by paying particular attention to the way this topic has been treated over time by the economics research agenda. I show that the impact of growing income disparities on the macroeconomy has been ignored for a long period of time, particularly starting from the 80s. Only after the recent financial crisis, the issue of income and wealth distribution has come back on the top of the agenda of economists as well as policymakers. In the other two papers, I build two macroeconomic models that focus on the link between income inequality, household debt and economic crises. The first one is an Agent-Based (AB) macroeconomic model aimed at describing the key mechanisms through which rising inequality jeopardises economic stability in an economy with peer effects in consumption and equity extraction processes. I show that greater income disparities imply stronger expenditure cascades along the income distribution as well as asset (i.e. house) price appreciation. In the presence of home-equity based borrowing behaviour by households, private debt rises thus pushing aggregate demand upwards despite income stagnation over much of the distribution. However, debt-driven consumption endogenously triggers the accumulation of a larger amount of non-performing loans on banks’ balance sheets which eventually lead to a credit crunch and an economic downturn. The second model, a joint work with Francesco Saraceno which I carried out during my visiting period at OFCE-SciencesPo in Paris, is a macroeconomic model with an Agent-Based household sector and a stock-flow consistent structure. The goal of this work is to analyse the impact of rising income inequality on the likelihood of a crisis under different institutional settings and degrees of financialisation. In particular, we reproduce a multitude of scenarios showing how financial and credit conditions interact with the impact of growing inequality on the performance of the economy and the accumulation of household debt. Our results show the relevance of the “degree” of financialisation of an economy. In fact, when inequality grows, a Scyilla and Charybdis kind of dilemma seems to arise: on the one hand, economies with low credit availability experience a drop in aggregate de- mand and output; on the other hand, where credit constraints are relaxed and the willingness to lend is higher, greater financial instability emerges and a debt-driven boom and bust cycle. We also show that policy reactions play a key role: a real structural reform that tackles inequality, by means of a more progressive tax system, actually compensates for the rise in income disparities thereby stabilising the economy. Results also show that this is a much better solution compared to a stronger fiscal policy reaction, which, instead, has no significant impact on the performance of the economy.
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Serov, Ilya. "Three Essays on Household Debt and Aggregate Economic Activity." Thesis, University of Sydney, 2020. https://hdl.handle.net/2123/23513.

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This thesis investigates the relationships between household balance sheets, credit conditions and aggregate economic activity. It is motivated by the increasing importance, both theoretically and in policy formulation, of better understanding the extent to which high household debt burdens represent a macroeconomic vulnerability. The thesis presents empirical evidence on three related research questions in an Australian context. First, it analyses Australian household survey data and examines the relationship between household debt and consumption expenditures. It concludes that the relationship is broadly negative, implying that highly indebted households reduce their spending in subsequent periods. It also concludes that there are significant heterogeneities in the effects of household leverage on consumptions, both in terms of heterogenous effects of high debt burdens, and among different population groups. Secondly, the thesis evaluates the impact of shifting credit conditions on the way Australian households shape their balance sheets. It utilises both survey data and data based on independent expert judgment as a measure of prevalent credit conditions to find strong evidence that Australian households tend to move their balance sheets towards an ‘optimum’ debt- and liquid asset- ratio level. In addition, evidence is uncovered that changes to household liquid asset holdings are negatively correlated with the degree of development of mortgage markets, suggesting that in a more developed institutional setting, households tend to hold lower levels of liquid assets. Thirdly, the thesis includes an investigation of the relative importance of credit conditions and consumer beliefs in explaining fluctuations in the housing market. Employing a non-linear interacted VAR model, it shows that shifts in consumer beliefs about the housing market have asymmetric effects: the effects are much stronger during time of tight credit availability. The thesis sheds additional light on recent theoretical debates regarding the relative importance of household debt, consumer beliefs and credit conditions.
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Rella, Giacomo. "Essays in Applied Macroeconomics." Doctoral thesis, Università di Siena, 2021. http://hdl.handle.net/11365/1143951.

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This dissertation consists of three chapters in applied macroeconomics. The chapter, though independent and self-contained, are linked by the common goal of shedding light on the macroeconomic implications of household and non-financial corporate debt. The first chapter surveys the vast literature on the macroeconomic implications of household debt in the aftermath of the global financial crisis. The second chapter addresses the question of whether monetary policy has affected the housing sector and household debt differently over time in the United States in the last six decades using a medium-scaled vector autoregression model with the-varying parameters. The third chapter explores the macroeconomic effects of borrowing by non-financial corporations.
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Ammerman, David Allen. "Household capital structure and financial resilience: evidence from the Netherlands." Diss., Kansas State University, 2017. http://hdl.handle.net/2097/35240.

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Doctor of Philosophy
School of Family Studies and Human Services
Maurice M. MacDonald
Since 2008, the effects of the Great Recession have lingered in memory and in public discourse, and have underscored the need to better understand the determinants of financial resilience. Financial resilience refers to the household’s ability to absorb and respond to financial shocks (MacKinnon & Derickson, 2013). A financial shock may be induced by a rapid decline in income or asset values, an increase in expenses, or some combination thereof. Solvency -- the relationship between a household’s assets and liabilities -- is one aspect of financial resilience: maintaining a healthy debt ratio affords a household the opportunity to liquidate assets to meet debt obligations in response to a financial shock. Thus, the practical question which inspired this dissertation was "what is the right amount of debt for the household?" Within the personal finance and consumer economics literature, borrowing and saving -- behaviors which influence household solvency -- are conceptualized in part as functions of individual future orientation. The premise that resources are fungible, however, has led to the characterization of concurrent borrowing and saving as a behavioral anomaly. Corporate finance, by contrast, does not characterize this common practice as an anomaly, but suggests that concurrent borrowing and saving is, in part, a matter of balancing the costs and benefits of debt. However, theories of corporate finance cannot predict or explain how individual future orientation might influence a household’s capital structure. Thus, this dissertation adds to the literature by exploring precisely this question: how does individual future orientation influence household capital structure? The present results suggest, in contrast to the existing body of research, that future orientation is positively associated with an individual’s propensity to use leverage to finance investments; but that within a complex family resource management system, this individual propensity is moderated by the relative bargaining power of the other members of the household.
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De, Stefani Alessia. "Dynamics of debt accumulation : three essays in applied macroeconomics." Thesis, University of Edinburgh, 2017. http://hdl.handle.net/1842/23413.

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Debt and credit markets played a crucial role in recent economic history. This thesis is composed of three chapters, each of which explores some drivers of private and public debt accumulation throughout the past decade. The first two chapters are directly linked, and study some behavioural determinants of household debt accumulation in the United States in the run-up to the 2007-2008 financial crisis. The third chapter takes a different perspective, and focuses on the political economy of fiscal reforms. In the first chapter, I study whether the growth in US household debt ahead of the 2007-2008 financial crisis can be attributed to shifts in the distribution of personal income across the US population. The underlying theoretical mechanism is based on the idea that if individuals are concerned with status, rising income inequality within a given social group might lead its relatively poorer members to consume a larger proportion of their resources, due to a desire to emulate the consumption levels of richer individuals (Duesenberry [1949]; Frank, Levine and Dijk [2014]; Bertrand and Morse [2016]). I test this hypothesis by exploiting state-level variation in top incomes over time, following the methodology proposed by Bertrand and Morse [2016]. The results I present in this chapter challenge the status-emulation theory of consumer behaviour during the 2000s credit boom. I show that, between 1996 and 2007, only low and-middle-income home-owners increased their expenditure and debt-to-income ratios as a response to an increase in income inequality in their state of residence. I also show that the growth in income inequality was strongly correlated with house prices growth, across US states and metropolitan areas. The positive correlation between inequality and household debt in the pre-crisis US might therefore be simply explained by the wealth and collateral effects experienced by low and middle-income home-owners living in areas where inequality was growing at the fastest rates. The lifting of credit constraints due to rising house prices have been a major driver of household debt accumulation ahead of the 2007-2008 financial crisis (Mian and Sufi [2011]). However, this effect might have been coupled with a generalized optimistic belief that the growth in house prices was likely to continue in the future (Case, Shiller and Thompson [2012]). The second chapter therefore tests whether consumers hold realistic expectations about the housing market, and whether this is a driver of their consumption and saving decisions. Using the Michigan Survey of Consumers, I show that American households have heterogeneous expectations about the future of house prices, which systematically depend upon household characteristics, as well as upon the history of past house price realizations in the local area of residence. I also analyze individual-level forecast errors to show that house price expectations are biased and inefficient. Changes in individual forecast errors are predictable from past house price realizations in the local area of residence: in particular, forecast errors are positively correlated with recent price trends, and tend to become overoptimistic in good times, and over-pessimistic in bad ones. The predictability of forecast errors from public information available at the time the forecast was made suggests a violation of full-information rational expectations theory. This systematic bias in house price expectations matters because consumers make financial decisions on the basis of their house price beliefs. By exploiting an exogenous shift in housing sentiment, I show that when individuals expect the value of their properties to rise, they borrow against the anticipated increase in home equity. The third and final chapter shifts the focus to the political drivers of public debt and deficits. Public debt crises often call for the intervention of international financial institutions, such as the International Monetary Fund (IMF). In this chapter, I introduce a new panel dataset on planned fiscal policy prescriptions included in all IMF loans between 2002 and 2012, and use it to study how domestic politics of recipient countries influence the content of IMF lending agreements. I show that IMF policy prescriptions depend strongly on domestic politics and that fiscal conditions are shaped by a political force often neglected in public choice literature: the threat of extra-parliamentary opposition, or civil unrest. Extra-parliamentary opposition (measured as a populations’ propensity to riot and demonstrate) significantly reduces the stringency of fiscal policy conditions attached to IMF loans. It also reduces the number of reforms in the realms of public employment and labor markets. These results suggest that fiscal policy has a strong political component even during circumstances when domestic politics are commonly assumed to cease to matter, as they do in IMF agreements. Also, they suggest that voting is not the only mechanism through which politics enters the technical realm of economic policy.
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Zhao, Jing. "Household debt service burden outlook an exploration on the effect of credit constraints /." Connect to this title online, 2003. http://rave.ohiolink.edu/etdc/view?acc%5Fnum=osu1054650767.

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Thesis (Ph. D.)--Ohio State University, 2003.
Title from first page of PDF file. Document formatted into pages; contains xii, 210 p.; also includes graphics (some col.) Includes bibliographical references (p. 203-210). Available online via OhioLINK's ETD Center
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Heer, Joël, and Vigdis Lund. "The effect of Loan-to-Value restrictions on Norwegian household debt." Thesis, Norges teknisk-naturvitenskapelige universitet, Institutt for samfunnsøkonomi, 2014. http://urn.kb.se/resolve?urn=urn:nbn:no:ntnu:diva-25262.

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Household debt has reached record high levels in Norway and is considered to be a threat to the financial stability. To dampen the rapid accumulation of household debt and increasing housing prices, the Financial Supervisory Authority of Norway has introduced loan-tovalue restrictions on mortgages of 90% in March 2010 and 85% in December 2011. This study contributes empirical evidence of the effect of these loan-to-value restrictions on Norwegian household debt. Firstly, we show that there are self-reinforcing effects between housing prices and household debt, using a structural VARX model. Secondly, we extend this particular model and show that the restrictions apparently have failed to dampen household debt on an aggregate level. Thirdly, using a single-equation model for household debt, we provide evidence that the restrictions have slowed down the growth in household debt among young people. This effect, however, has been counteracted by an increase in the older generation’s household debt, which can be explained by (grand)parent financing as well as a higher willingness of holding debt among the elderly. We therefore conclude that loan-to-value restrictions can be seen as a valuable tool for reducing the accumulation of debt among the younger and more sensitive group. They may, however, have limited power to dampen household debt on an aggregate level.
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Wong, Wei Xuan Ramona. "An Analysis of Household Debt on Consumption : in the Swedish Economy." Thesis, Umeå universitet, Nationalekonomi, 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-135681.

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Household debts in Sweden have been rising over the last 2 decades. Household debtsinclude both mortgage and consumer loans of households. The Central Bank of Sweden, alsoknown as the Riksbank, measures the household indebtedness situation in Sweden by thehousehold debt to disposable income ratio. With data collected, household indebtedness as aratio to disposable income has shown increasing trends, where it has doubled in percentageover the last ten years. Rising household debt is an issue that needs immediate attention as itcan lead to detrimental effects in the macroeconomic development and financial stability inthe economy. A model which includes the household debt to income ratio alongside otherindependent variables such as income and wealth is created. The dependent variablehousehold consumption will be regressed against the independent variables. This paper seeksto find the relation between household debts and household consumption in the Swedisheconomy, with the data available.
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Books on the topic "Household debt"

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Kagye puch'ae: Household debt. Sŏul-si: Kukhoe Tosŏgwan, 2011.

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2

Debelle, Guy. Macroeconomic implications of rising household debt. Basel, Switzerland: Bank for International Settlements, 2004.

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Chakrabarti, Rajashri. Household debt and saving during the 2007 recession. Cambridge, MA: National Bureau of Economic Research, 2011.

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Organisation, National Sample Survey, ed. Household assets holding, indebtedness, current borrowings, and repayments of social groups on India (as on 30.06.2002): All-India debt and investment survey : NSS 59th round (January-December 2003). [New Delhi]: National Sample Survey Organisation, Ministry of Statistics & Programme Implementation, Govt. of India, 2006.

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Campbell, Jeffrey R. The role of collateralized household debt in macroeconomic stabilization. [Chicago, Ill.]: Federal Reserve Bank of Chicago, 2004.

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Campbell, Jeffrey R. Welfare implications of the transition to high household debt. Chicago, Ill.]: Federal Reserve Bank of Chicago, 2006.

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Campbell, Jeffrey R. The role of collateralized household debt in macroeconomic stabilization. Cambridge, Mass: National Bureau of Economic Research, 2005.

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Fund, International Monetary. Italian household demand for monetary assets and government debt. Washington, D.C: International Monetary Fund, 1988.

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Whitley, John. An empirical model of household arrears. London: Bank of England, 2004.

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India. Ministry of Statistics and Programme Implementation. Computer Centre, ed. NSS data (unit level) on 48th round, sch. 18.2.: Dept. [i.e., debt] & investment. New Delhi]: Government of India, Minsitry of Statistics & P.I., Computer Centre, 2010.

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Book chapters on the topic "Household debt"

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Wałęga, Agnieszka, Grzegorz Wałęga, and Ryszard Kowalski. "Household indebtedness." In Economic Well-being and Household Debt, 29–62. London: Routledge, 2022. http://dx.doi.org/10.4324/9781003254706-3.

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Wałęga, Agnieszka, Grzegorz Wałęga, and Ryszard Kowalski. "Household indebtedness." In Economic Well-being and Household Debt, 5–28. London: Routledge, 2022. http://dx.doi.org/10.4324/9781003254706-2.

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Vandone, Daniela. "Household Behaviour and Debt Demand." In Risk Tolerance in Financial Decision Making, 67–80. London: Palgrave Macmillan UK, 2011. http://dx.doi.org/10.1057/9780230303829_3.

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Leclaire, Joëlle. "Can Household Debt Cause a Financial Crisis?" In Care, Climate, and Debt, 127–43. Cham: Springer International Publishing, 2022. http://dx.doi.org/10.1007/978-3-030-96355-2_7.

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Gemzik-Salwach, Agata. "Financialization and household debt in Poland." In Financialization and the Economy, 150–65. Abingdon, Oxon ; New York, NY : Routledge, 2017. |: Routledge, 2017. http://dx.doi.org/10.4324/9781315281537-11.

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Lehnert, Andreas, and Dean Maki. "Consumption, Debt, and Portfolio Choice: Testing the Effects of Bankruptcy Law." In Household Credit Usage, 55–76. New York: Palgrave Macmillan US, 2007. http://dx.doi.org/10.1057/9780230608917_4.

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Wałęga, Agnieszka, Grzegorz Wałęga, and Ryszard Kowalski. "The nature of household over-indebtedness." In Economic Well-being and Household Debt, 63–87. London: Routledge, 2022. http://dx.doi.org/10.4324/9781003254706-4.

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Wałęga, Agnieszka, Grzegorz Wałęga, and Ryszard Kowalski. "Household over-indebtedness and well-being." In Economic Well-being and Household Debt, 120–51. London: Routledge, 2022. http://dx.doi.org/10.4324/9781003254706-6.

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Wałęga, Agnieszka, Grzegorz Wałęga, and Ryszard Kowalski. "The economic well-being of over-indebted households." In Economic Well-being and Household Debt, 152–85. London: Routledge, 2022. http://dx.doi.org/10.4324/9781003254706-7.

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Wałęga, Agnieszka, Grzegorz Wałęga, and Ryszard Kowalski. "Introduction." In Economic Well-being and Household Debt, 1–4. London: Routledge, 2022. http://dx.doi.org/10.4324/9781003254706-1.

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Conference papers on the topic "Household debt"

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Ma’in, Masturah, Nur AmiraIsmarau Tajuddin, and Siti Badariah Saiful Nathan. "Household Debt and Macroeconomic Variables in Malaysia." In BE-ci 2016 International Conference on Business and Economics. Cognitive-crcs, 2016. http://dx.doi.org/10.15405/epsbs.2016.11.02.12.

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Tekin, İpek, and Başak Gül Akar. "A Vicious Circle: The Interaction between Income Distribution and Household Indebtedness in the Neoliberal Era." In International Conference on Eurasian Economies. Eurasian Economists Association, 2021. http://dx.doi.org/10.36880/c13.02543.

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In the neoliberal era, financialization of the economies is associated both with large-scale speculative movements in the financial sector and over-indebtedness. The fact that there were significant increases in household indebtedness in the United States before the 2008/09 global financial crisis made the growing indebtedness an outstanding issue that should be examined in terms of its supply and demand-side causes and its distributive consequences. Increasing inequality in income distribution has been an important consideration associated with the increase in household indebtedness. In a sense, the borrowing opportunities enable working households to maintain their consumption and living standards in the short term despite the stagnation in wages and thus increasing inequality, but it does not prevent them from undergoing an unsustainable debt burden. This debt burden creates a feedback effect by deepening the existing inequality. The purpose of this study is to reveal the macro and micro dynamics associated with neoliberal policies that create the supposed relationship between inequality and household indebtedness and to try to interpret the increasing household indebtedness and income inequality in Turkey in the 2000s within this framework.
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Chen, Yufei. "How Does the Home Purchase Restriction Policy Affect Household Debt?" In 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022). Paris, France: Atlantis Press, 2022. http://dx.doi.org/10.2991/aebmr.k.220307.048.

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Zang, Dungang, and Jiahui Chen. "Research into the Effects of Social Network on Household Debt Defaults." In International Conference on Information System and Management Engineering. SCITEPRESS - Science and and Technology Publications, 2016. http://dx.doi.org/10.5220/0006443100250030.

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Sun, Ning. "Household Sector Debt, the Real Estate Market and the Quality of Economic Development." In 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022). Paris, France: Atlantis Press, 2022. http://dx.doi.org/10.2991/aebmr.k.220603.181.

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Herispon, Herispon. "The Effect of Bank Behavior, Financial Literacy on Financial Inclusion and Debt Behavior In Household Consumption." In International Conference on Social Sciences, Humanities, Economics and Law. EAI, 2019. http://dx.doi.org/10.4108/eai.5-9-2018.2281280.

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Xing, Huimin, and Jianhe Liu. "Demographic Effects on Assets Selection and Debts of Chinese Urban Households." In International Conference on Education, Management, Computer and Society. Paris, France: Atlantis Press, 2016. http://dx.doi.org/10.2991/emcs-16.2016.69.

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Noventi, Angelica Fadya, and Dwi Nastiti Danarsari. "Financial Literacy and Consumer Debt: A Survey of Low Income Households in Depok, West Java, Indonesia." In International Conference on Business and Management Research (ICBMR-17). Paris, France: Atlantis Press, 2017. http://dx.doi.org/10.2991/icbmr-17.2017.17.

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Mihaylova-Borisova, Gergana. "PANDEMIC CRISIS AND ITS EFFECTS ON BULGARIAN BANKING SYSTEM’S EFFICIENCY." In 5th International Scientific Conference – EMAN 2021 – Economics and Management: How to Cope With Disrupted Times. Association of Economists and Managers of the Balkans, Belgrade, Serbia, 2021. http://dx.doi.org/10.31410/eman.2021.95.

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The economies are once again facing the challenges of another crisis related to the spread of coronavirus in 2020. The banking sector, being one of the main intermediaries in the economies, is also affected by the spread of the new crisis, which is different compared to the previous crises such as the global financial crisis in 2008 and the European debt crisis in 2012-2013. Still, the banking sector in Bulgaria suffers from the pandemic crisis due to decelerated growth rate of loans, provided to households and non-financial enterprises, as well as declining profits related to the narrowing spread between interest rates on loans and deposits. The pandemic crisis, which later turned into an economic one, is having a negative impact on the efficiency of the banking system. To prove the negative impact of the pandemic crisis on the efficiency of banks, the non-parametric method for measuring the efficiency, the so-called Data envelopment analysis (DEA), is used.
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Ahmad Hairi, Amelia Najwa, Ungku Fatimah Ungku Zainal Abidin, Maimunah Sanny, and Nur Qistina Aznor Shahril. "Consumers' Perceptions and Associations on Plant-based Cheese Analogue in Malaysia." In 2022 AOCS Annual Meeting & Expo. American Oil Chemists' Society (AOCS), 2022. http://dx.doi.org/10.21748/oftn5374.

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Plant-based cheese analogue (PBCA) has just started to debut in the plant-based dairy product market in Malaysia. Despite that, no research has been made on the consumers’ view on PBCA in Malaysia. This study attempts to identify the Malaysian consumers’ purchase intention of PBCA, assess the consumers’ associations evoked by cheese, and discover any differences in the perceptions of cheese and expectations toward PBCA of consumers. A quantitative online survey was conducted among cheese and PBCA consumers in Malaysia and results showed that purchase intention is the significant predictor behaviour to consume PBCA. Consumers’ attitude, subjective norm, and perceived barriers significantly influenced the purchase intention of PBCA but objective knowledge, perceived behavioural control and health consciousness showed otherwise. The study also shows that the consumers from different household groups perceive cheese and PBCA positively which shows the acceptance towards the products in the population. It can be concluded that consumers in Malaysia had a same direction in viewing PBCA. This research would benefit the local food industry players to understand more about the consumers’ view and aid them in producing a product that suits their needs.
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Reports on the topic "Household debt"

1

Mian, Atif, Amir Sufi, and Emil Verner. Household Debt and Business Cycles Worldwide. Cambridge, MA: National Bureau of Economic Research, September 2015. http://dx.doi.org/10.3386/w21581.

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Garber, Gabriel, Atif Mian, Jacopo Ponticelli, and Amir Sufi. Household Debt and Recession in Brazil. Cambridge, MA: National Bureau of Economic Research, October 2018. http://dx.doi.org/10.3386/w25170.

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Zinman, Jonathan. Household Debt: Facts, Puzzles, Theories, and Policies. Cambridge, MA: National Bureau of Economic Research, September 2014. http://dx.doi.org/10.3386/w20496.

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Chak, Ida, Karen Croxson, Francesco D’Acunto, Jonathan Reuter, Alberto Rossi, and Jonathan Shaw. Improving Household Debt Management with Robo-Advice. Cambridge, MA: National Bureau of Economic Research, November 2022. http://dx.doi.org/10.3386/w30616.

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Chakrabarti, Rajashri, Donghoon Lee, Wilbert van der Klaauw, and Basit Zafar. Household Debt and Saving During the 2007 Recession. Cambridge, MA: National Bureau of Economic Research, April 2011. http://dx.doi.org/10.3386/w16999.

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Cookson, J. Anthony, Erik Gilje, and Rawley Heimer. Shale Shocked: Cash Windfalls and Household Debt Repayment. Cambridge, MA: National Bureau of Economic Research, September 2020. http://dx.doi.org/10.3386/w27782.

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Santhya, K. G., Snigdha Banerjee, Basant Kumar Panda, A. J. Francis Zavier, Avishek Hazra, and Shilpi Rampal. Role of debt in overseas labour migration in India. Population Council, 2022. http://dx.doi.org/10.31899/sbsr2022.1035.

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The Population Council, in partnership with the Global Fund to End Modern Slavery and the Norwegian Agency for Development Cooperation, undertook a multicomponent study to better understand the relationship between debt and overseas labor migration from India. The study shed light on: levels and patterns of household indebtedness among migrant households, with a special focus on households with overseas migrants; cost of overseas labor migration from India and the role of debt in financing overseas migration; role of debt in migration-related decisions; differences in work-related choices and experiences and financial vulnerabilities migrant workers experienced by household indebtedness; and migrant workers’ perceptions about financial products that can potentially reduce their financial vulnerabilities. This report describes the levels and patterns of household indebtedness and socio-demographic differentials in indebted international migrant households. It sheds light on costs incurred for overseas labor migration and the role of debt in financing migration, migration-related decisions, work-related choices and experiences, and financial vulnerabilities faced in India and overseas. A description of financial products that can potentially reduce the financial vulnerabilities of overseas labor migrants is included, as are recommendations for programs and research.
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Campbell, Jeffrey, and Zvi Hercowitz. The Role of Collateralized Household Debt in Macroeconomic Stabilization. Cambridge, MA: National Bureau of Economic Research, May 2005. http://dx.doi.org/10.3386/w11330.

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Cherry, Susan, Erica Xuewei Jiang, Gregor Matvos, Tomasz Piskorski, and Amit Seru. Government and Private Household Debt Relief during COVID-19. Cambridge, MA: National Bureau of Economic Research, January 2021. http://dx.doi.org/10.3386/w28357.

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Nguyen, Kim. Do Australian Households Borrow to Keep up with the Joneses? Reserve Bank of Australia, November 2022. http://dx.doi.org/10.47688/rdp2022-06.

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I examine whether and how local income inequality affects household debt and its composition using household panel data for Australia from the Household, Income and Labour Dynamics in Australia Survey. I find that middle-income households without liquidity and credit constraints tend to borrow more for non-residential investment purposes as local income inequality rises, suggesting that they are trying to close the income gap. They also appear to try to close the consumption gap by accumulating more car debt with a rise in local income inequality. Both findings are consistent with households 'keeping up with the Joneses', but unlikely to have implications for macrofinancial stability given that households taking on debt appear well resourced.
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