The Distribution of Debt Across Euro Area Countries: The Role of Individual Characteristics, Institutions and Credit Conditions

A life-course approach to single mothers’ economic wellbeing in different welfare states

“…In countries with a very generous pension system (such as the Scandinavian countries), people will have little incentive to save for retirement; thus, there will be lower wealth levels in those countries compared to countries with a meagre pension system. Tax laws and the economic system may also create various incentives for wealth accumulation (Bover et al, 2016;Doorley & Sierminska, 2014;Sierminska & Doorley, 2013 study this extensively). For example, the way the mortgage market is developed may have an impact on the prevalence of homeownership.…”

“…On the other hand, these loans may also be a reason for low wealth among single parents. Higher regulatory LTV ratios indicate that there is greater access to credit for households with fewer resources, at the cost of paying higher interest rates on their secured debt (Bover et al, 2016).…”

The Triple Bind of Single-Parent Families

“…In countries with a very generous pension system (such as the Scandinavian countries), people will have little incentive to save for retirement; thus, there will be lower wealth levels in those countries compared to countries with a meagre pension system. Tax laws and the economic system may also create various incentives for wealth accumulation (Bover et al, 2016;Doorley & Sierminska, 2014;Sierminska & Doorley, 2013 study this extensively). For example, the way the mortgage market is developed may have an impact on the prevalence of homeownership.…”

“…On the other hand, these loans may also be a reason for low wealth among single parents. Higher regulatory LTV ratios indicate that there is greater access to credit for households with fewer resources, at the cost of paying higher interest rates on their secured debt (Bover et al, 2016).…”

The Instruments of Macroprudential Policy

“…These data allow important insights into the economic behaviour of households, and can be used to look at a broad range of issues, in particular how macro-financial linkages affect real economic outcomes. The sorts of issues which can be addressed with this data include the following: the response of consumption to wealth and income shocks (Carroll et al, 2014); labour supply responses to wealth, credit and the debt-burden (Disney and Gathergood, 2013;Daly et al, 2009); households' risk preferences and portfolio allocation (Ampudia and Ehrmann, 2014;and Kick et al, 2014); the role of institutions and policy in debt accumulation (Bover at al., 2014); household savings behaviour (Honkkila and Kavonius, 2013); and, the impact on disposable income of changes in policy rates across the debt distribution. The broad cross-section of households at different stages of the life-cycle available in the dataset should allow analysis of quasi-dynamic questions as well as distributional issues.…”