A bigger house at the cost of an empty stomach? The effect of households’ indebtedness on their consumption: micro-evidence using Belgian HFCS data

Caju, Philip Du; Périlleux, Guillaume; Rycx, François; Tojerow, Ilan

doi:10.1007/s11150-022-09605-x

Cited by 5 publications

(2 citation statements)

References 34 publications

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“…The latter is defined as regular social transfers divided by labor income, where the regular social transfers (except pensions) are defined as unemployment plus other social transfers. 11 In line with the results before, the profiles of both non and wealthy hand-to-mouth households are similar. Only a small fraction of the wealthy hand-to-mouth (about 14%) and non hand-to -mouth (about 11%) households receive income mainly from transfers.…”

Section: Observed Heterogeneity For Hand-to-mouth Householdssupporting

confidence: 83%

Poor and wealthy hand-to-mouth households in Belgium

Cherchye,

Demuynck,

De Rock

et al. 2023

Rev Econ Household

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We identify the population shares of poor hand-to-mouth households, wealthy hand-to-mouth households and non hand-to-mouth households in Belgium. We apply the methodology proposed by and Kaplan, Violante and Weidner (2014) to the Belgian component of the Household Finance and Consumption Survey. We find that the fraction of hand-to-mouth households in Belgium is substantial and predominantly consists of wealthy hand-to-mouth households. We also compare the observable characteristics and marginal propensities to consume (MPCs) of the three household types We find that Belgian wealthy hand-to-mouth households have characteristics that resemble those of the non hand-tomouth households, while their MPCs are often more similar to those of the poor hand-to-mouth households. This pleads for giving a unique place to each type of households when evaluating the effects of fiscal policy.

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Section: Observed Heterogeneity For Hand-to-mouth Householdssupporting

confidence: 83%

Poor and wealthy hand-to-mouth households in Belgium

Cherchye,

Demuynck,

De Rock

et al. 2023

Rev Econ Household

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“…A pénzügyi eszközöket tekintve a nemzetközi irodalom általában jelentős koncentrációt mutat ki. Az első hullám adataira támaszkodó belga tanulmány szerint például az eurozónában a kilencedik decilis több mint kilencszer annyi pénzügyi vagyonnal rendelkezik, mint a középső decilisbe tartozó háztartások (Du Caju 2013). A magyar háztartások esetében is kilencszeres különbséget ad ez a mutató (p90/p50) a pénzügyi eszközökben, amivel a viszonylag egyenlőtlen országok közé tartozunk (3. ábra), ugyanakkor Szlovénia, Portugália és Spanyolország mutatója jelentősen meghaladja a magyar értéket.…”

Section: A Koncentrációval Kapcsolatos Nemzetközi éS Hazai Eredmények...unclassified

A lakás alap! – Kríziskezeléstől a megfizethető lakhatásig

Lutár

2024

Máltai Tanulmányok

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Magyarországon a családok lakhatásának biztosítása meghatározó módon saját tulajdonú ingatlanban történik, ugyanakkor vannak olyan társadalmi csoportok, melyek az otthonteremtési célú támogatási programok fókuszán kívül esnek, illetve jövedelmük vagy akár aktuális élethelyzetük miatt lakhatásuk biztosítása átmenetileg vagy akár hosszabb távon csak bérlakásban valósulhat meg. A deprivációval veszélyeztetett családok különösen kiszolgáltatottak a társadalmi-gazdasági események által keltett piaci ingadozásoknak, kríziseknek. A bérleti piac jelentős részét a privát szektoron belüli bérbeadás teszi ki, melynek egészséges ellensúlyozására indokolt a társadalmi célokat szolgáló, megfelelő minőségű, országosan elérhető közösségi lakásállomány növelése. Tanulmányomban multidimenziós megközelítést alkalmazva veszem sorra azokat a meghatározó tényezőket, körülményeket, melyek a megfelelő lakhatási körülmények biztosítását akadályozzák vagy éppen a lakhatást veszélyeztetik.

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An optimal threshold for over-indebtedness: a study on the discrepancy between subjective and objective debt burdens

Bialowolski,

Kowalski,

Wałęga

et al. 2024

IJBM

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PurposeThe study aims to explore the discrepancy between the subjective and objective debt burdens across various household socio-demographic and debt characteristics. Additionally, it seeks to establish an optimal debt service-to-income ratio (DSTI) threshold for identifying over-indebtedness.Design/methodology/approachThis study utilized a sample of 1,004 respondents from a nationwide survey conducted among Polish indebted households. A discrepancy ratio (DR) measure was proposed to evaluate the divergence between subjective and objective over-indebtedness. Binary logistic regression was employed to estimate the probability of being subjectively and objectively over-indebted, as well as the discrepancy between the two measures of over-indebtedness. The study also employed numerical simulations to determine the optimal DSTI threshold for identifying over-indebted households in general and based on their socio-economic characteristics.FindingsThe study established a debt service-to-income ratio (DSTI) threshold of 20% to minimize the discrepancy between subjective and objective debt burden, which is lower than thresholds found in other studies aimed at identifying over-indebted households. Age, number of loans, self-perceived needs satisfaction and type of debt were identified as significant socio-economic and debt-related determinants of over-indebtedness. Household socio-economic and debt-related characteristics significantly influence the threshold for identifying over-indebtedness using DSTI. It can vary widely, ranging from as low as 11% for well-educated women with multiple loan commitments to 43.7% for young males with vocational education, high incomes and originating from households with four or more members.Originality/valueThe paper proposes a more comprehensive approach to debt burden analysis by introducing a new methodology for determining a debt service-to-income (DSTI) threshold that could serve as a measure of over-indebtedness based on the discrepancy between subjective and objective over-indebtedness. It also emphasizes the significance of socio-economic and debt-related factors in evaluating subjective and objective over-indebtedness.

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A bigger house at the cost of an empty stomach? The effect of households’ indebtedness on their consumption: micro-evidence using Belgian HFCS data

Cited by 5 publications

References 34 publications

Poor and wealthy hand-to-mouth households in Belgium

Poor and wealthy hand-to-mouth households in Belgium

A lakás alap! – Kríziskezeléstől a megfizethető lakhatásig

An optimal threshold for over-indebtedness: a study on the discrepancy between subjective and objective debt burdens

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