The impact of unsecured debt on financial pressure among British households

• Autores: Ana del Río, Garry Young
• Localización: Applied financial economics, ISSN 0960-3107, Vol. 18, Nº. 13-15, 2008, págs. 1209-1220
• Idioma: inglés
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• Dialnet Métricas: 3 Citas
• Resumen

  • This article uses the 1995 and 2000 waves of the British Household Panel Survey to examine how a self-reported indicator of financial pressure is related to household finances and other characteristics. Using an ordered-logit model we find that the burden of debt is affected by the unsecured debt-income ratio, mortgage income gearing, financial wealth, health, ethnicity and marital status.