The impact of unsecured debt on financial pressure among British households

2008 ◽  
Vol 18 (15) ◽  
pp. 1209-1220 ◽  
Author(s):  
Ana del Río ◽  
Garry Young
Keyword(s):  
Financial Pressure ◽  
Unsecured Debt ◽  
The Impact

scholarly journals Systematic review on economic hardship, debt and psychological well-being in western countries

2021 ◽  
Vol 8 (12) ◽  
pp. 6051
Author(s):  
Paul Wesley Thompson
Keyword(s):  
Systematic Review ◽  
Family Environment ◽  
Well Being ◽  
Financial Hardship ◽  
Google Scholar ◽  
Management Policy ◽  
Psychological Well Being ◽  
Financial Pressure ◽  
Online Library ◽  
The Impact

Financial hardship is a phenomenon which mediates many other factors in life regardless of age group one of many is well-being. Well-being is a multi-disciplinary term. This paper will investigate existing literature on the effect of financial hardship on well-being using systematic review to minimize the biases. The data will be systematically searched with following databases: Wiley-online library, Google scholar, JSTOR, Tandfonline and Emerald. The present study is a systematic review of English language research of 2010 to 2020 research papers on financial hardship and well-being. The databases used in the research are Wiley Online Library, Google Scholar with keywords financial hardship, financial pressure, financial challenges, stress, wellbeing, anxiety, psychological well-being. 81 studies were excluded and 12 studies were selected after reviewing the title and abstract of 93 studies based on the PRISMA. The inclusion and exclusion criteria allow studies of 2010 to 2021 to be considered. Fewer data was present in the subject of wellbeing and financial stress. However, the results show impact of both variables. Financial pressure leads to poor wellbeing and other factors such as lack of social support, unhealthy family environment and dept can robust the impact. The research makes a unique new contribution in research, lending support for policy, academic theory, new contributions to current literature not found elsewhere, especially mental health management policy.

THE IMPACT OF LEARNING ON BUSINESS CYCLE FLUCTUATIONS IN THE CONSUMER UNSECURED CREDIT MARKET

2018 ◽  
Vol 24 (5) ◽  
pp. 1087-1123 ◽  
Author(s):  
Matthew N. Luzzetti ◽  
Seth Neumuller
Keyword(s):  
Business Cycle ◽  
Interest Rates ◽  
Default Risk ◽  
Credit Market ◽  
Credit Spread ◽  
Cross Sectional ◽  
Business Cycle Fluctuations ◽  
Unsecured Debt ◽  
Consumer Default ◽  
The Impact

We document that the credit spread on consumer unsecured debt exhibits a persistent, hump-shaped response to an increase in the charge-off rate. This stylized fact poses a significant challenge for a standard model of consumer default in which lenders have rational expectations and, therefore, the credit spread continuously adjusts to reflect the true default incentives of each borrower. In an effort to explain this feature of the data, we construct a model of consumer default with countercyclical income risk in which lenders learn about default risk over time by observing the history of repayment decisions, as is the case in practice. In addition to matching credit spread dynamics, allowing lenders to learn about default risk substantially improves the model’s ability to generate realistic business cycle fluctuations in the consumer unsecured credit market and match the cross-sectional distribution of unsecured debt and dispersion of interest rates observed in the data.

Oil price to stay low in near and likely medium term

2020 ◽  
Keyword(s):  
Oil Price ◽  
Content Type ◽  
Transportation Demand ◽  
Profit Margins ◽  
Services Sector ◽  
Oil Companies ◽  
Financial Pressure ◽  
Global Economic Growth ◽  
Oil Revenues ◽  
The Impact

Subject Oil market dynamics. Significance The price of crude oil, already weakened by the impact of the COVID-19 outbreak on demand, has plummeted this month after Russia refused to agree to further output cuts in coordination with OPEC. The plunge in the oil price will exert huge financial pressure on economies heavily dependent on oil revenues, including Saudi Arabia. Oil companies, particularly US shale oil producers, will also be under pressure. Impacts Budgetary pressures will sharply reduce petro-economies’ GDP growth this year, exerting a sizeable drag on global economic growth. Net importing nations will see little benefit from the sharp price drop until transportation demand recovers from the impact of COVID-19. Oil is losing market share in transportation usage, but cheap oil poses a risk to this; regulation will maintain the direction of travel. The oil services sector will face huge pressure on profit margins.

scholarly journals 2019/2020 Learning Centre Practice in Aotearoa/New Zealand: Report

2021 ◽  
Vol 5 (1) ◽  
pp. 1-61
Author(s):  
Julia Tanner ◽  
◽  
Xiaodan Gao ◽  
Keyword(s):  
New Zealand ◽  
Teaching And Learning ◽  
Extended Period ◽  
Professional Status ◽  
Aotearoa New Zealand ◽  
Financial Pressure ◽  
Similar Range ◽  
Learning Development ◽  
Academic Contracts ◽  
The Impact

Data on the services and staffing in tertiary learning centres are necessary for providing professional support for tertiary learning advisors (TLAs). Full scale surveys of Aotearoa New Zealand centres were conducted in 2008 and 2013. In 2019, a third survey was conducted to explore whether the identified trends were continuing and whether there were any changes. This survey was sent to managers and team leaders at 26 tertiary learning institutions in Aotearoa New Zealand. Four topics were investigated: 1) the professional status of TLAs; 2) learning centre organisation; 3) the services provided by TLAs; 4) trends and changes since 2013. In 2020, when the lockdown resulting from the Covid-19 pandemic meant all centres had to cease operating face-to-face services for an extended period, some follow-up questions about the impact of Covid-19 were sent to the respondents of the 2019 survey. This report presents the five main findings of the 2019/2020 surveys, and provides comparisons with the previous surveys. First, more TLAs had postgraduate qualifications, and more TLAs were given general/professional contracts than academic contracts. Second, fewer learning centres were part of libraries or teaching and learning development units. Third, centres provided a similar range of services, with an increase in pastoral and wellbeing support. Fourth, services were more embedded, and more were delivered in online/blended modes, particularly since Covid-19. Lastly, changes in learning centres’ structures and service delivery were due to institutional financial pressure and student needs. We make some recommendations, including changing some questions in future surveys, updating the ATLAANZ professional practice document regularly, and implementing a TLA accreditation scheme in Aotearoa New Zealand.

scholarly journals Choice and the impact of changes to Sunday premiums in the Australian retail and hospitality industries

2019 ◽  
Vol 61 (5) ◽  
pp. 657-681 ◽  
Author(s):  
David Peetz ◽  
Scott Bruynius ◽  
Georgina Murray
Keyword(s):  
Low Income ◽  
Quantitative Data ◽  
Qualitative Data ◽  
Labour Supply ◽  
Financial Pressure ◽  
Wage Premiums ◽  
Public Holidays ◽  
The Impact

We assess the effects of reductions in wage premiums (‘penalty rates’) for Sunday work and some of the ideas underpinning them, first by reference to evidence from official and other quantitative data about its likely impact, and second by reference to qualitative data concerning the nature of the choices available to Sunday workers in those industries. We investigate who retail and hospitality employees are (e.g. are they mostly students who can ‘afford’ a cut in penalty rates?). We then find significant and widespread income losses arising from cuts to penalty rates, even after allowing for contested employment gains, though we cannot quantify all possibilities, such as the potential effects of ‘loaded rates’ (though if implemented these would intensify losses for people working public holidays or Sundays). Many workers in retail and hospitality were under financial pressure, had little ‘control’ or found Sunday work difficult, but some were concerned about the effects of refusing Sunday work. Our study has implications for the meaning of ‘choice’ and contributes to understanding uncertainty regarding labour supply behaviour amongst low-income workers.

Analisis Polisi Luput Pelan Takaful Keluarga

2018 ◽  
Vol 15 (1) ◽  
pp. 84-95
Author(s):  
Rubayah Yaakob ◽  
Mohd Hafizuddin Syah Baangan Abdullah ◽  
Norasykeen Mohd Baharom
Keyword(s):  
Adverse Selection ◽  
Negative Impact ◽  
Demographic Characteristics ◽  
Policy Makers ◽  
Financial Pressure ◽  
The Family ◽  
Insured Individual ◽  
Huge Impact ◽  
And Gender ◽  
The Impact

This study aims to analyze the determinants of policy lapse of family’s takaful in Malaysia by examining the demographic characteristics of policyholders and the family takaful policy itself. The policy could lapse due to several reasons such as failing to make payment within the prescribed period, converting to a better policy, financial pressure and voluntary surrender. The policy lapse has a huge impact on stakeholders such as takaful operators, customers and policy makers. The impact of policy lapse includes losses to firms, adverse selection, liquidity and contribution increament. The results of the logistic regression analysis show that the sum insured, payment methods and gender have a negative impact on policy lapse. Wheares age, marital status and the insured individual have no effect on policy lapse. The findings assist stakeholders such as takaful operators and regulators to develop appropriate strategies to achieve their goals and support the development of the takaful industry in Malaysia.

scholarly journals Proactive Divestiture and Business Innovation: R&D Input and Output Performance

2020 ◽  
Vol 12 (9) ◽  
pp. 3874 ◽  
Author(s):  
Kyungsuk Lee ◽  
Taewoo Roh
Keyword(s):  
Financial Distress ◽  
Corporate Sustainability ◽  
Unit Size ◽  
Firm Level ◽  
Knowledge Based ◽  
Input And Output ◽  
Financial Pressure ◽  
Organizational Inertia ◽  
The Impact ◽  
The Relationship

We investigate the impact of proactive divestitures on innovative activities at a firm-level. Research concerning the relationship between proactive divestiture and innovation performance remains unexplored and requires a close investigation. Furthermore, we argue that proactive-divestiture is an essential means to achieve corporate sustainability by fostering innovation outcomes. To explore such a relationship, this study integrates research on knowledge-based view and organizational inertia and encompasses the model of financial distress. We hypothesize that proactive divestiture increases both the firm’s R&D intensity and the number of patents and propose that prior divestiture experiences and divested-unit size would moderate this relationship. Results indicate that proactive post-divestiture firms have increased in R&D inputs but not significantly in output. We found mixed results for such a relationship as prior experiences increased, but interestingly, the relationship revealed to be more significant for both input and output as divested-unit size decreased. This study contributes to our understandings of how proactive divestiture can reinforce knowledge capacity, distant from a traditional resource-based view that mainly regarded divestiture as a mere responsive action vis-à-vis financial pressure.

scholarly journals DAMPAK TERHADAP ANAK DALAM PERKAWINAN PADA GELAHANG DI DESA PAKRAMAN TANGGAHAN PEKEN, DESA SULAHAN, KECAMATAN SUSUT, KABUPATEN BANGLI

2020 ◽  
Vol 14 (2) ◽  
pp. 42
Author(s):  
Ni Kadek Kamariani ◽  
Ni Ketut Kantriani ◽  
I Gede Januariawan
Keyword(s):  
Social Factors ◽  
Married Couple ◽  
Psychological Impact ◽  
Literature Study ◽  
Financial Pressure ◽  
Inheritance System ◽  
The Future ◽  
Study Techniques ◽  
The Impact ◽  
The Village

<p>caused by several factors, both heredity and even social factors. From these factors cause future impacts on the couple themselves and even on children born. Based on the background above, the problem discussed in this study is the impact on children in Marriage to Gelahang in Pakraman village, Tanggahan Peken, Sulahan Village, Susut District, Bangli Regency. Data collection in this research uses observation, interview and literature study techniques. The research location was set in the village of Pakraman Tanggahan Peken, Sulahan Village, Susut District, Bangli Regency. The Occurrence of Marriage to Gelahang in the village of Pakraman Tanggahan Peken because there are two factors, namely heredity and social factors, where these factors have an impact on children for the future. The resulting impact is a psychological impact, where the existence of Marriage to Gelahang causes pressure on children, both mentally, such as the unpreparedness of children to carry out double obligations when implementing Marriage to Gelahang with different banjar / village and<br />physically, where when the child is siblings with many obligations that must be fulfilled, where both obligations cannot be abandoned, it causes physical pressure and even financial pressure for the child. In addition to psychological effects, marriage to Gelahang also causes social impacts, because there is<br />no regulation on marriage that raises questions from the community why the obligations undertaken in the village and in the banjar are the same as a married couple who carry out ordinary marriages.Besides that, in family law there are two impacts, positive and negative. And the last is the inheritance system, where having one child will have an impact on the heirs or successors in the future.</p>

scholarly journals Viešųjų bibliotekų poveikio vertinimas

2008 ◽  
Vol 46 ◽  
pp. 84-101 ◽  
Author(s):  
Ugnė Rutkauskienė
Keyword(s):  
Public Libraries ◽  
Positive Impact ◽  
Public Access ◽  
Assessment Model ◽  
Secondary Source ◽  
Research Experiences ◽  
Financial Pressure ◽  
Process And Outcome ◽  
Source Data ◽  
The Impact

Atsiradus įtampai viešojo sektoriaus finansavimo srityje bei didėjant visuomenės reikalavimams, keliamiems mokesčių mokėtojų lėšomis išlaikomoms institucijoms, bibliotekos turi parodyti, kokią naudą duoda jų teikiamos paslaugos. Šie rezultatai gali būti iliustruojami bibliotekų statistiniais duomenimis, liudijančiais, kokia yra paslaugų paklausa, naudojamumas, kokybę apibrėžiančiais rodikliais ar tyrimų išvadomis, kurios parodo vartotojų pasitenkinimą, tačiau nei vieni iš paminėtų dar neįrodo teigiamo bibliotekų poveikio individams ir bendruomenėms. Siekdamos atsakyti į šį klausimą, itin dominantį tiek visuomenę, tiek finansuojančias institucijas, bibliotekos turėtų vertinti ne tik savo veiklą, bet ir jos pasekmes, susijusias su bibliotekų verte, poveikiu lankytojams bei visuomenei. Straipsnyje aptariami bibliotekų poveikio vertinimo klausimai, išsamiau nagrinėjamas vienos iš bibliotekų paslaugų – viešos interneto prieigos – poveikio vertinimas bei pristatomas Lietuvos viešosioms bibliotekoms siūlomas poveikio vertinimo modelis.Pagrindiniai žodžiai: poveikio vertinimas, viešosios bibliotekos, vertė, vieša interneto prieiga, projektas „Bibliotekos pažangai“Public libraries impact measuresUgnė Rutkauskienė SummaryRecent years were very challenging for most of public libraries. Due to the financial tension in public administration budgets many of them experienced heavy financial cuts. Both financial pressure from local authorities and growing demands for pubic accountability sets new gals for libraries performance measurement. There is a clear need for data, proving positive impact of libraries on individuals and communities.The goal of this paper is to demonstrate the importance of impact and outcome research in public libraries. The paper gives an overview of purposes and methods used in impact studies and illustrate this through research experiences. It also presents impact assessment model of “Libraries for Innovations” project.One of the main identified problems of the impact focused research is that it is very tightly related with the influences on individuals so it is very difficult to trace changes and improvements back to the library. Other methodological challenges of measuring the impact of PAC in libraries’ include a multi-methodological orientation; a balance between process and outcome analyzes; a combination of both primary and secondary source data; an emphasis on triangulation of research data; an observation of the same items over long periods of time.The paper acquaints libraries with a topic that is not yet well known and, by showing practical examples, demonstrates how libraries can attempt to assess the impact of public access computing.

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