- 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 …

toward other uses, thus feeding a perverse relation between the productive and the non‐productive assets of the economy. In …

types of debt and financial assets held conditional on holding the different types of debt and assets. The analysis suggests … amounts of both debt (unsecured and secured) and assets (property and non-housing), even after conditioning on the probability … the household balance sheet, i.e. liabilities and assets. Additionally, we allow the influence of social interaction on …

unsecured debt and assets, as well as how social interaction influences the levels of unsecured debt, financial assets and net … worth held. Our findings suggest that social interaction has a positive influence upon the types of financial assets held … amount of financial assets held as well as the level of household net worth. In contrast, there appears to be no clear …

assets and debt at the household level and also encompasses a two-part process to allow for differences in the influences of … the independent variables on the decision to hold debt or assets and the influences of the independent variables on the … amount of debt or assets held. Finally, we also incorporate joint modelling of household size into the framework to allow for …