associated with their households’ wealth holdings, (ii) different components of wealth, such as real and financial assets, as … well as debt, have differential effects on life satisfaction, (iii) both wealth levels and wealth holdings relative to …

- relative to older borrowers has played a major role in easing the debt repayment burden in the presence of large income shocks … problems. However, there is also a role for equity factors. …

There is a need to identify household debt behaviour in different age cohorts even in countries without prominent … household debt problems so that the measures for vulnerable groups can be made. Authors used multilevel mixed effect analysis to … test the effect of age and other variables on demand of debt. A national representative survey data of HIES (2001 …