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 …

In his basic model of debt renegotiation, BESTER [1994] argues that collateral is more effective if high risk projects … by a higher loss given default makes the use of collateral even less effective. -- Debt renegotiation ; Collateral ; Risk …

Most tax systems create a tax bias toward debt finance. Such debt bias increases leverage and may negatively affect … financial stability. This paper models and estimates debt bias in the financial sector, and present novel estimates for … investment banks and non-bank financial intermediaries such as finance and insurance companies. We find debt bias to be pervasive …

This study examines the nature of relationship between public debt and economic growth of Ethiopia. To this end, a time … to uncover whether the relationship between debt and economic growth of Ethiopia is asymmetric. Instrumental variable … regression model with a quadratic specification was used to test threshold effect of debt. The results reveal there are evidences …

This paper examines whether biased income expectations due to overconfidence lead to higher levels of debt-taking. We …. Overconfident participants scale back their consumption after income feedback. However, they remain in higher debt at the end of the … prices of goods. Even though the expected income manipulation works less well in this experiment, debt-taking behavior is …