Household debt, automatic bill payments and inattention: Theory and evidence

Fuentealba, Carlos Leandro Delgado; Mendoza, Jorge Andrés Muñoz; Yelpo, Sandra María Sepúlveda; Ramos, Carmen Lissette Veloso; Fuentes-Solís, Rodrigo

doi:10.1016/j.joep.2021.102385

Cited by 4 publications

(1 citation statement)

References 34 publications

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“…Chile has a high level of indebtedness by households compared with other emerging regional economies (IMF, 2017). Household indebtedness has increased drastically in the last 10 years, reaching 74.3% of their monthly disposable income (Delgado et al, 2021). Chile has experienced rapid growth in its income and access to credit as well .…”

Section: Introductionmentioning

confidence: 99%

Credit card repayments in a Latin American country: a psychological perspective

Delgado Fuentealba,

Muñoz Mendoza,

Veloso Ramos

et al. 2024

ARLA

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PurposeThis paper aims to analyze decisions about payment rates on credit card statements by using background factors and perceptions that indirectly influence beliefs, according to the theory of planned behavior.Design/methodology/approachSince legal and institutional frameworks and household financial surveys are heterogeneous among countries, household data on the Chilean economy is used as the starting point in this matter.FindingsThe probability that an individual chooses to pay amounts less than the total billing of their credit cards rises with essential variables related to perceived behavioral control. Being the head of the household, being younger, perceiving a high or excessive financial burden of debt and facing unfavorable and unexpected situations that divert the budget, among others, are relevant to repayment decisions.Originality/valueThe novelty of this article is that its psychological approach differs from the traditional focus of economic rationality regarding credit cards. The results are relevant for policymakers and financial regulators due to implications for household behavioral finance and means of payment.

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Section: Introductionmentioning

confidence: 99%

Credit card repayments in a Latin American country: a psychological perspective

Delgado Fuentealba,

Muñoz Mendoza,

Veloso Ramos

et al. 2024

ARLA

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Factors and Interactions that Influence the Pressure Drop Across An Air Volume Reducing Device on Low-Pressure Water Distribution Networks

Carpintero

Canales

Fábregas

et al. 2021

Iran J Sci Technol Trans Civ Eng

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Efficient water supply systems are necessary for the development and sustainability of human societies. One relevant aspect of these systems is the metering function, recorded employing water meters, which determines the charges levied to the clients and estimates the water losses in the network. Inaccurate measurements are detrimental for both the client and the supplier. For allowing more precise metering, one option is to use an air volume reducing device, an accessory similar to a check valve that minimizes the air volume entrapped in the pipelines, thus improving metering accuracy. This research used an experimental design to determine the influence of four factors and their interactions on the pressure drop across these devices as a preliminary step for allowing their extended use on low-pressure water supply systems. The results showed that the diameter, the spring stiffness, and the flow rate are significant factors in the pressure drop. The shape of the valve stem is statistically significant only when interacting with other factors.

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