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Household Debt and Credit: Economic Issues and Data Problems
Author(s) -
Bertola Giuseppe,
Hochguertel Stefan
Publication year - 2007
Publication title -
economic notes
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.274
H-Index - 19
eISSN - 1468-0300
pISSN - 0391-5026
DOI - 10.1111/j.1468-0300.2007.00181.x
Subject(s) - relevance (law) , debt , work (physics) , survey data collection , household debt , economics , public economics , conceptual framework , actuarial science , finance , sociology , political science , mechanical engineering , social science , statistics , mathematics , law , engineering
We survey contributions to the analysis of household liabilities, highlighting relevant theoretical aspects and outlining how data sources may support empirical testing and measurement efforts. Specifically, we classify aspects of household debt, discussing the theoretical and policy relevance of heterogeneity across individual and country dimensions. Aiming to illustrate conceptual and measurement issues, we refer to the approaches and results of some recent relevant country‐specific work on administrative and survey data, and we argue that research in this area would greatly benefit from availability of appropriately classified household liabilities data and of cross‐country institutional information.