Over-Indebtedness in Brazil: Do We Need More Regulation?

Porto, Antônio José Maristrello

doi:10.2139/ssrn.2100467

Cited by 3 publications

(3 citation statements)

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“…There is a lack of comparative information in developing countries, where most studies focus on micro finance, which is targeted only at lower-income groups, or simple non-numerical analyses of over-indebtedness. For example, Porto (2012) looked at regulation aspects of over-indebtedness in Brazil. Both Ruthven (2002) and Rutherford (2003), using data from Bangladesh and India respectively, explored capital formation among poor households, and concurred that informal credit channels such as moneylenders and small shops were popular.…”

Section: Related Literaturementioning

confidence: 99%

The threshold effects of household indebtedness on multidimensional poverty

Ntsalaze

Ikhide

2017

IJSE

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DeclarationBy submitting this dissertation electronically, I declare that the entirety of the work contained therein is my own, original work, that I am the sole author thereof (save to the extent explicitly otherwise stated), that reproduction and publication thereof by Stellenbosch University will not infringe any third party rights and that I have not previously in its entirety or in part submitted it for obtaining any qualification.This dissertation includes two published and one accepted but not yet published original papers in peer-reviewed international journals. The fourth paper representing chapter eight is ready for submission for peer review. The development and writing of the papers (published and unpublished) were the principal responsibility of myself and, for each of the cases where this is not the case, a declaration is included in the dissertation indicating the nature and extent of the contributions of co-authors. AbstractGlobal household indebtedness has reached unprecedented levels over the past few decades.The household sector has had to cope with significant losses in income and wealth as well as the burden of debt service since the beginning of the financial crisis. Research focus on this phenomenon, together with its social implications, has grown. This study uses the National Income Dynamics Study (NIDS) data to empirically investigate the effects of household debt on multidimensional poverty. This was achieved through four independent research papers meant to address different angles of the subject. Chapter 5 provides a snapshot of the prevalence of over-indebtedness, using various international indicators and the National Credit Regulator (NCR) indicator, and describes which households are over-indebted. A total of eight percent of South African households are overindebted, and 61.4 percent of those households are found in the lowest income category (R0 -R2 000), spending more than 45 percent of their household income on debt repayments, which is beyond levels that are considered sustainable. The alarming revelation is that, according to the unsecured debt indicator, 15.2 percent of households are over-indebted, while 11 percent of households are driven below the relative income poverty line after making debt repayments. Stellenbosch University https://scholar.sun.ac.za 3The racial distribution indicates that households headed by Africans are overrepresented (79%).Most over-indebted households are found amongst those who own their places of residence (78.6%), do not receive government grants (71.7%), are male (53.8%), and have an unemployed household head (53.5%).Chapter 6 examines the presence of thresholds in the debt-poverty nexus at micro level, i.e. the tipping point above which debt is associated with more multidimensional poverty. By applying the Generalised Additive Model (GAM) using regression splines, the study finds the existence of critical tipping points between household debt service-to-income ratio and multidimensional poverty along with other explanatory variables (age...

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Section: Related Literaturementioning

confidence: 99%

The threshold effects of household indebtedness on multidimensional poverty

Ntsalaze

Ikhide

2017

IJSE

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“…Todavia, um possível problema resultante do aumento do crédito é que no momento que a capacidade de consumo cresce mais do que a renda pessoal e familiar, pode ocasionar superendividamento (Porto, 2012).…”

Section: Introductionunclassified

De Onde Vem o Bem-Estar Financeiro?: Análise dos Fatores Comportamentais, do Gerenciamento Financeiro e da Renda

Vieira¹,

Fraga²,

Valcanover³

et al. 2016

TPA

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ResumoEm um cenário de crise econômica, a preocupação com as finanças e manutenção do bemestar financeiro tornam-se eminentes. Logo, evidenciar os fatores que possam colaborar no aumento do nível de bem-estar financeiro é importante para que os indivíduos busquem as melhores alternativas para administrar os recursos e atentem-se para os fatores que podem influenciá-lo. Assim, o objetivo principal do presente estudo foi analisar a influência dos fatores comportamentais alfabetização financeira, atitude ao endividamento, gerenciamento financeiro e renda no bem-estar financeiro dos indivíduos. Foram aplicados 1577 questionários no Rio Grande do Sul e para análise dos dados utilizou-se estatística descritiva, análise fatorial confirmatória e análise de regressão linear múltipla. Os resultados vão ao encontro do que se discute em relação ao conceito de bem-estar financeiro, ou seja,

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“…Hira e Mugenda (2000) expõem a importância do desenvolvimento de pesquisas para a elaboração de programas educacionais adequados a especificidades entre homens e mulheres. Salienta-se também o endividamento sob a ótica pessoal, pois as premissas da Teoria Comportamental apontam que indivíduos tomam decisões (inclusive financeiras) fora do padrão racional, ou seja, possíveis de vieses comportamentais (Porto, 2012).…”

Section: Introductionunclassified

Behavioral Determinants of Propensity to Indebtedness: Gender Influence Analysis

Flores¹,

Vieira

2016

Rev. Int. Investig. Cienc. Soc

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Over-Indebtedness in Brazil: Do We Need More Regulation?

Cited by 3 publications

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The threshold effects of household indebtedness on multidimensional poverty

The threshold effects of household indebtedness on multidimensional poverty

De Onde Vem o Bem-Estar Financeiro?: Análise dos Fatores Comportamentais, do Gerenciamento Financeiro e da Renda

Behavioral Determinants of Propensity to Indebtedness: Gender Influence Analysis

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