Debt and Financial Expectations: An Individual- and Household-Level Analysis

Debt and Financial Expectations: An Individual and Household Level Analysis

We explore the determinants of debt and growth in debt at the individual and household level. The focus is on the influence of expectations of individuals and households regarding their future financial situation. Our theoretical model predicts a positive association between the quantity of debt and optimism. The empirical findings provide convincing support for our theoretical priors in that o...

The high price of debt: household financial debt and its impact on mental and physical health.

Household financial debt in America has risen dramatically in recent years. While there is evidence that debt is associated with adverse psychological health, its relationship with other health outcomes is relatively unknown. We investigate the associations of multiple indices of financial debt with psychological and general health outcomes among 8400 young adult respondents from the National L...

Group-based financial institutions for the rural poor in Bangladesh: an institutional- and household-level analysis.

Group-based financial institutions for the rural poor in Bangladesh : an institutional-and household-level analysis / Manfred Zeller. .. [et al.]. p. Contents Tables v Figure and Box vi Foreword vii Acknowledgments ix Summary xi 1. Introduction 1

Household debt and social interactions

Debt-induced crises, including the subprime, are usually attributed exclusively to supply-side factors. We examine the role of social influences on debt culture, emanating from perceived average income of peers. Utilizing unique information from a household survey representative of the Dutch population, that circumvents the issue of defining the social circle, we consider collateralized, consum...

Income Inequality and Household Debt