Household debt and debt to income: the role of business ownership

2021 ◽  
Author(s):  
José Ignacio Rivero Wildemauwe ◽  
Graciela Sanroman
Keyword(s):  
Household Debt ◽  
Business Ownership

The Role of Television in Household Debt: Evidence from the 1950's

2010 ◽  
Vol 10 (1) ◽  
Author(s):  
Matthew J. Baker ◽  
Lisa M George
Keyword(s):  
Labor Supply ◽  
Durable Goods ◽  
Television Advertising ◽  
Household Debt ◽  
Micro Data ◽  
Survey Of Consumer Finances ◽  
Mortgage Debt ◽  
Consumer Finances ◽  
Early Access

Abstract We examine whether advertising increases household debt by studying the initial expansion of television in the 1950's. Exploiting the idiosyncratic spread of television across markets, we use micro data from the Survey of Consumer Finances to test whether households with early access to television saw steeper debt increases than households with delayed access. Results indicate that exposure to television advertising increases the tendency to borrow for household goods and the tendency to carry debt. Television access is associated with higher debt levels for durable goods, but not with the total amount of non-mortgage debt. We provide suggestive evidence that increased labor supply may drive our results. The role of media in household debt may be greater than suggested by existing research.

scholarly journals Krise der Finanzmärkte, Krise der Risikoindividualisierung

2009 ◽  
Vol 39 (154) ◽  
pp. 141-159
Author(s):  
Beat Weber
Keyword(s):  
Financial Crisis ◽  
Financial Sector ◽  
The State ◽  
Private Pension ◽  
Household Debt ◽  
Financial Innovations ◽  
Mortgage Credit ◽  
Current Path ◽  
Recent Financial Crisis

The recent financial crisis is also a crisis of the individualisation of risk. The latter has contributed to the expansion of the financial sector by increasing household debt, mortgage credit and private pension accounts. Financial innovations, intended to transfer risk from the banking to the household sector, have led to an underestimation of risks accumulated in the financial sector. When the crisis broke out, risk which was thought to have been privatised returned to the financial sector, and later on to the state, Initial reform efforts presume that minor modifications of the rules governing the financial sector would allow a continuation of the current path of development, The future distribution of risk within society and the role of the financial sector in managing it are topics which have not been on the agenda in post crisis debates so far.

Community Leaders, Business Ownership, and Support of Entrepreneurship Development: The Role of Macroentrepreneurs

2007 ◽  
Vol 38 (4) ◽  
pp. 28-45 ◽  
Author(s):  
Peter F. Korsching ◽  
John C. Allen ◽  
Rebecca Vogt ◽  
Steven G. Sapp
Keyword(s):  
Community Leaders ◽  
Business Ownership ◽  
Entrepreneurship Development

scholarly journals Household Debt and Business Cycles Worldwide*

2017 ◽  
Vol 132 (4) ◽  
pp. 1755-1817 ◽  
Author(s):  
Atif Mian ◽  
Amir Sufi ◽  
Emil Verner
Keyword(s):  
Business Cycles ◽  
Flexible Exchange Rate ◽  
Output Growth ◽  
Gdp Growth ◽  
Household Debt ◽  
Credit Supply ◽  
Supply Shocks ◽  
Expectations Formation ◽  
Global Growth

Abstract An increase in the household debt to GDP ratio predicts lower GDP growth and higher unemployment in the medium run for an unbalanced panel of 30 countries from 1960 to 2012. Low mortgage spreads are associated with an increase in the household debt to GDP ratio and a decline in subsequent GDP growth, highlighting the importance of credit supply shocks. Economic forecasters systematically over-predict GDP growth at the end of household debt booms, suggesting an important role of flawed expectations formation. The negative relation between the change in household debt to GDP and subsequent output growth is stronger for countries with less flexible exchange rate regimes. We also uncover a global household debt cycle that partly predicts the severity of the global growth slowdown after 2007. Countries with a household debt cycle more correlated with the global household debt cycle experience a sharper decline in growth after an increase in domestic household debt.

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