The impact of Households’ Overindebtedness on the Wellbeing of Young Individuals, Women, and People with Dependents
- MAITE BLÁZQUEZ 1
- SANTIAGO BUDRÍA 2
- ANA I. MORO-EGIDO 3
- 1 Universidad Autónoma de Madrid (España)
- 2 Universidad Antonio de Nebrija (España)
- 3 Universidad de Granada (España)
ISSN: 1578-0252
Argitalpen urtea: 2019
Zenbakia: 1
Orrialdeak: 1-30
Mota: Artikulua
Beste argitalpen batzuk: Papeles de trabajo del Instituto de Estudios Fiscales. Serie economía
Laburpena
This project investigates whether personal debts burdens hamper people's well-being. To that purpose, the project uses panel data from four waves (2002, 2005, 2008, 2011) of the Spanish Survey of Household Finances (EFF) and several measures of debt strain, including debt-to-income ratios, the existence of debt arrears and amounts of outstanding debts. The project also differentiates between mortgage and nonmortgage debts. The results, based on a random effects model, show that debt payments and debt arrears are negatively related with people's well-being. A feature of the project is that it pays attention to three vulnerable groups: young individuals, women and households with dependents.