data. We jointly model the incidence and extent of financial problems, as well as the likelihood of having secured debt and … the amount of monthly secured debt repayments, allowing for dynamics and interdependence in both of the two-part outcomes … dependence in financial problems exists; (iii) interdependence exists between financial problems and secured debt, specifically …

data. We jointly model the incidence and extent of financial problems, as well as the likelihood of having secured debt and … the amount of monthly secured debt repayments, allowing for dynamics and interdependence in both of the two-part outcomes … dependence in financial problems exists; (iii) interdependence exists between financial problems and secured debt, specifically …

unsustainable levels of debt. Using survey data from South Africa, we confirm that poor people are indeed overly optimistic, and … also that optimism is positively and significantly related to debt accumulation. …

Using credit report records and data collected from several household surveys, we analyze changes in household debt and … appears to reflect a considerable decline in household debt, as households paid down mortgage debt in particular. At the end … of 2009, individuals expected to continue increasing their saving and paying down of debt, which is consistent with what …

positive gross assets even when the interest rate on the debt is much higher than the return rate on the assets. When the risk …This paper explores a rational economic explanation for the much discussed credit card debt puzzle. We set-up and … simulate a generalization of the buffer-stock consumption model with longterm revolving debt contracts. In line with US credit …

gross debt and positive gross assets even though the interest rate on the debt is much higher than the return rate on the … from the empirical distributions of credit card debt and liquid assets. …This paper addresses the credit card debt puzzle using a generalization of the buffer‐stock consumption model with long …

suggests that people with low self-control have more problems with the repayment of consumer debt. This relationship is, in …