- Author
- Anioła Paulina (Poznan University of Life Sciences, Poland), Gołaś Zbigniew (Poznan University of Life Sciences, Poland)
- Title
- Differences in the Level and Structure of Household Indebtedness in the EU Countries
- Source
- Contemporary Economics, 2012, vol. 6, nr 1, s. 46-59, tab., bibliogr. 24 poz.
- Keyword
- Zadłużenie, Gospodarstwa domowe, Struktura zadłużenia
Indebtedness, Households, Debt structure - Note
- summ.
- Company
- Unia Europejska (UE)
European Union (EU) - Abstract
- The article presents the outcomes of dynamic, cross-section analysis of the differences in the level and structure of household indebtedness in EU countries and the range of problems with debt service between 2005 and 2009. Statistical data from of the EU Commission, obtained in the periodic research of people's incomes and living conditions (EU-SILC) and the ECRI - European Credit Research Institute, was used in the research, as well as the method of multi-dimensional analysis (cluster analysis and k-means method), enabling to classify EU households according to the features of their indebtedness. Moreover, in order to define the quantitative relationships between the level and structure of households' indebtedness and the frequency of repayment problems, tools such as correlation analysis and stepwise regression, enabling the description of its strength and direction of influence of selected variables on repayment problems.(original abstract)
- Full text
- Show
- Bibliography
- Barba, A., Pivetti, M. (2009). Rising household debt: Its causes and macroeconomic implicationsa long-period analysis, Cambridge Journal of Economics, 33, 113-137.
- Betti, G., Dourmashkin, N., Rossi, M., Ping Yin, Y. (2007). Consumer over-indebtedness in the EU: measurement and characteristics, Journal of Economic Studies, 34(2), 136-156.
- Bloxham, P., Kent, Ch. (2009). Household indebtedness, The Australian Economic Review, 42(3), 327-39.
- Brown, S., Taylor K. (2008). Household debt and financial assets: evidence from Germany, Great Britain and the USA, Journal of the Royal Statistical Society: Series A, 171(3), 615-643.
- BIS. Department for Business Innovation and Skills. (2010). Over-indebtedness in Britain: second follow-up report.
- Bywalec, Cz. (2009). Ekonomika i finanse gospodarstw domowych. [Economics and Financials of households]. Warsaw: PWN.
- Dynan, K. (2009). Changing household financial opportunities and economic security, Journal of Economic Perspectives, 23(4), 49-68.
- European Commission (Directorate-General for Employment, Social Affairs and Equal Opportunities). (2008). Towards a common operational European definition of over-indebtedness.
- European Credit Research Institute and Personal Finance Research Centre. (2008). Consumer financial vulnerability: technical report. Brussels: European Credit Research Institute.
- Fondeville, N., Ozdemir, E., Ward, T. (2010). Research note 4/2010. Over-indebtness. New evidence from EU-SILC special module. Brussels: European Commission, Directorate- General for Employment, Social Affairs and Equal Opportunities.
- Gumy, J. (2007). Explaining Overindebtedness in the European Union. Paper prepared for the BHPS 2007 Conference Colchester, 5th-7th July 2007.
- Joyce, P. (2003) An End Based on Means? Dublin: Free Legal Advice Centres
- Kempson, E. (2002). Over-indebtedness in Britain. A report to the Deparment of Trade and Industry. Bristol, UK: Personal Finance Research Centre, School of Geographical Sciences, University of Bristol.
- Law Reform Commission. (2009). Consultation Paper on personal debt management and debt enforcement. Ballsbridge: Law Reform Commision.
- Lea, S. E. G., Webley, P., Walker, C. M. (1995). Psychological factors in consumer debt: Money management, economic socialization, and credit use. Journal of Economic Psychology, 16(4), 681-701.
- Lilico, A. (2010). Household Indebtness in the EU. Brussels: European Parliament.
- Niemi-Kiesiläinen, J., Henrikson, A. (2005). Report on legal solutions to debt problems in credit societies. Strasbourg: Bureau of the European Committee on Legal Co-operation (CDCJ-BU).
- Poczta-Wajda, A. (2010). Nowoczesne techniki analityczne w kształceniu na studiach ekonomicznych. [Modern analytical techniques of economics studies education]. Poznan: Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu.
- Raijas, A., Lehtinen, A., Leskinen, J. (2010). Over-Indebtedness in the Finnish Consumer Society, Journal of Consumer Policy, 33,209-223.
- Russell, H., Maître, B., Donnelly, N. (2011). Financial Exclusion and Over-indebtedness in Irish Households. Social Inclusion Research Report No. 1. Dublin: Department of Community, Equality & Gaeltacht Affairs and ESRI
- Stanisz, A. (2007). Przystępny kurs statystyki z zastosowaniem STATISTICA PL na przykładach z medycyny. T. 3. Analizy wielowymiarowe. [Affordable course of statistics using STATISTICA PL on examples from medicine. T. 3. multidimensional analysis]. Krakow: StatSoft.
- Szpringer, W. (2008). Regulacja upadłości konsumenckiej. Inspiracje z rozwiązań światowych. [Regulation of consumer bankruptcy. Influences of global solutions]. Wroclaw: Centrum Badań Problemów Prawnych I Ekonomicznych Komunikacji Elektronicznej. Uniwersytet Wrocławski. Available at: http://cbke.prawo.uni.wroc.pl/files/ebiuletyn/Regulacja_upadlosci.pdf
- Świecka, B. (2008). Bankructwa gospodarstw domowych. Perspektywa ekonomiczna i społeczna. [Bankrupt households. Economic and social perspective]. Warsaw: Difin.
- Świecka, B. (2009). Niewypłacalność gospodarstw domowych. Przyczyny-skutki-przeciwdziałanie. [The insolvency ofhouseholds. The causes-consequences-prevention]. Warsaw: Difin.
- Cited by
- ISSN
- 2084-0845
- Language
- eng
- URI / DOI
- http://dx.doi.org/10.5709/ce.1897-9254.33