Kukk, Merike - International Institute of Social and Economic Sciences - 2014
-to-yearly income ratio and by yearly debt service ratio. Household indebtedness, either measured as debt-to-income ratio or debt … effect of debt service ratio is detected for the recession. The upshot of the results is that it is not debt-to-income ratio … service ratio, show significant negative impact on their consumption change over the whole period of 2006-2011. However, debt-to-income …