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Journal Article

Household debt and financial assets: evidence from Germany, Great Britain and the USA

Authors

Publication date

2008

Abstract

We explore the determinants of debt, financial assets and net worth at the household level by using survey data for Germany, Great Britain and the USA. To identify which households are potentially vulnerable to adverse changes in the economic environment, we also explore the determinants of a range of measures of financial pressure: the probability that a household has negative net worth; the debt-to-income ratio; mortgage income gearing; the saving-to-income ratio. Our empirical findings suggest that the poorest and the youngest households are the most vulnerable to adverse changes in their financial circumstances.

Published in

Journal of the Royal Statistical Society Series A (Statistics in Society)

Volume

171 (3):615-643

DOI

http://dx.doi.org/10.1111/j.1467-985X.2007.00531.x

Subjects

Income Dynamics, Savings And Assets, and Debt: Indebtedness

Links

http://serlib0.essex.ac.uk/search?/sJOURNAL+OF+THE+ROYAL+STATISTICAL+SOCIETY+series+a/sjournal+of+the+royal+statistical+society+series+a/1%2C2%2C4%2CB/exact&FF=sjournal+of+the+royal+statistical+society+series+a+statistics+in+society&1%2C2%2C/indexsort=-

Notes

Albert Sloman Library Periodicals *restricted to Univ. Essex registered users*

#511449


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