The impact of Households’ Overindebtedness on the Wellbeing of Young Individuals, Women, and People with Dependents

  1. MAITE BLÁZQUEZ 1
  2. SANTIAGO BUDRÍA 2
  3. ANA I. MORO-EGIDO 3
  1. 1 Universidad Autónoma de Madrid
    info
    Universidad Autónoma de Madrid

    Madrid, España

    ROR https://ror.org/01cby8j38

    Geographic location of the organization Universidad Autónoma de Madrid
  2. 2 Universidad Nebrija
    info
    Universidad Nebrija

    Madrid, España

    ROR https://ror.org/03tzyrt94

    Geographic location of the organization Universidad Nebrija
  3. 3 Universidad de Granada
    info
    Universidad de Granada

    Granada, España

    ROR https://ror.org/04njjy449

    Geographic location of the organization Universidad de Granada
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Journal:
Papeles de trabajo del Instituto de Estudios Fiscales. Serie economía

ISSN: 1578-0252

Year of publication: 2019

Issue: 1

Pages: 1-30

Type: Article

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More publications in: Papeles de trabajo del Instituto de Estudios Fiscales. Serie economía

Abstract

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.

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