Household debt and credit : economic issues and data problems
We survey contributions to the analysis of household liabilities, highlighting relevant theoretical aspects and outlining how data sources may support empirical testing and measurement efforts. Specifically, we classify aspects of household debt, discussing the theoretical and policy relevance of heterogeneity across individual and country dimensions. Aiming to illustrate conceptual and measurement issues, we refer to the approaches and results of some recent relevant country-specific work on administrative and survey data, and we argue that research in this area would greatly benefit from availability of appropriately classified household liabilities data and of cross-country institutional information. JEL Classification: G1, E21
| Author: | Giuseppe Bertola, Stefan Hochguertel |
|---|---|
| URN: | urn:nbn:de:hebis:30-51039 |
| Series (Serial Number) | CFS working paper series (2007, 32) |
| Document Type: | Working Paper |
| Language: | English |
| Date of Publication (online): | 02.11.2007 |
| Year of first Publication: | 2007 |
| Publishing Institution: | Univ.-Bibliothek Frankfurt am Main |
| Tag: | consumer loans ; household portfolio |
| HeBIS PPN: | 194622835 |
| Institutes: | Center for Financial Studies (CFS) |
| Dewey Decimal Classification: | 330 Wirtschaft |
| Sammlungen: | Universitätspublikationen |
| Note: | This paper was part of the Finance and Consumption in the EU Chair research programme, financed by Findomestic Banca and Cetelem SA at the European University Institute’s Department of Economics. This version benefits from helpful comments by the discussant, Michael Haliassos, and other participants in a Luxembourg Wealth Study meeting. |
| Licence (German): |  Veröffentlichungsvertrag für Publikationen ohne Print on Demand |
