The impact of unsecured debt on financial pressure among British households

Publication type

Journal Article

Authors

Publication date

June 1, 2008

Abstract:

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.

Published in

Applied Financial Economics

Volume

Volume: 18 (5):1209-1220

DOI

http://dx.doi.org/10.1080/09603100701604233

Subject

Notes

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

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