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

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Author:Giuseppe Bertola, Stefan Hochguertel
Parent Title (German):Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2007,32
Series (Serial Number):CFS working paper series (2007, 32)
Document Type:Working Paper
Year of Completion:2007
Year of first Publication:2007
Publishing Institution:Universitätsbibliothek Johann Christian Senckenberg
Release Date:2007/11/02
Tag:consumer loans; household portfolio
GND Keyword:Haushalt; Schulden; Kredit
Issue:September 2007
Page Number:35
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.
Institutes:Wissenschaftliche Zentren und koordinierte Programme / Center for Financial Studies (CFS)
Dewey Decimal Classification:3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft
Licence (German):License LogoDeutsches Urheberrecht