The Effects of Over-indebtedness on Individual Health

  1. Maite Blázquez 1
  2. Santiago Budría 2
  1. 1 Universidad Autónoma de Madrid
    info

    Universidad Autónoma de Madrid

    Madrid, España

    ROR https://ror.org/01cby8j38

  2. 2 Universidad Nebrija
    info

    Universidad Nebrija

    Madrid, España

    ROR https://ror.org/03tzyrt94

Journal:
Hacienda Pública Española / Review of Public Economics

ISSN: 0210-1173

Year of publication: 2018

Issue: 227

Pages: 103-131

Type: Article

DOI: 10.7866/HPE-RPE.18.4.4 DIALNET GOOGLE SCHOLAR lock_openOpen access editor

More publications in: Hacienda Pública Española / Review of Public Economics

Sustainable development goals

Abstract

This paper uses panel data from four waves (2002, 2005, 2008 and 2011) of the Spanish Survey of Household Finances (EFF) to investigate whether debts burdens hamper people’s health. Several measures of debt strain are constructed, including debt-to-income ratios, the existence of debt arrears and amounts of outstanding debts. The paper also differentiates between mortgage and non-mortgage debts. The results, based on a random effects model, show that non-mortgage debt payments and debt arrears are negatively related with people’s health.

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