explores two extensions. First, we raise the question of debt default and its impact on financial instability. Second, we …This paper presents a model addressing the conditions under which financial instability arises in the event of … household debt. The model addresses two main cases. First, household debt is affected by functional income distribution. Second …

We use information from the last wave of the Spanish Survey of Households Finance to study the influence of debt on the … smaller MPC than non-indebted households. This negative association increases along with the amount of debt. We also find a …

Analysis of an original, broad, internet-based survey reveals that debt holding is related to three aspects of time … declining impatience are more likely to be debtors, and are likely to have larger amounts of debt, whereas sophisticates display … only insignificant positive association between declining impatience and debt holding. Responses indicative of a sign …

employed individuals, and (c) lagged debt variables to rule out problems of reverse causality. We apply different measures of … precarious debt situation). We find all debt measures to be strongly correlated with health satisfaction, mental health, and … obesity. Controlling for unobserved heterogeneity and reversed causality we find evidence that household debt also causally …

-) indebtedness which relate household income and debt services to different concepts of subsistence levels, this paper investigates … are likely to cause severe household indebtedness. Unemployment also worsens the relative debt situation mainly due to the …