The Debt-Payment-to-Income Ratio as an Indicator of Borrowing Constraints: Evidence from Two Household Surveys

Earlier research has documented that debt at older ages has increased significantly in Canada over the period from 1999 to 2016. In this article, we explore the consequences of a growing proportion of older Canadian households experiencing financial vulnerability. After controlling for household characteristics, we find among older households that a high debt-to-asset ratio and very low liquid wealth are significantly and positively associated with skipping or delaying a mortgage or non-mortgage debt payment and with usually paying the minimum amount or less on credit cards in the previous year. The debt-to-income ratio, however, is not an important indicator of financial vulnerability for older households.

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SHOULD THE PRIVATE SECTOR PROVIDE PUBLIC CAPITAL?

Macroeconomic Dynamics ◽

10.1017/s1365100507060130 ◽

2007 ◽

Vol 11 (3) ◽

pp. 318-346

Author(s):

SANTANU CHATTERJEE

Keyword(s):

Open Economy ◽

Public Capital ◽

Borrowing Constraints ◽

International Capital ◽

Standard Assumption ◽

Production Externalities ◽

International Capital Markets ◽

Private Provision ◽

Large Production ◽

Government Provision

The choice between private and government provision of a productive public good like infrastructure (public capital) is examined in the context of an endogenously growing open economy. The accumulation of public capital need not require government provision, in contrast to the standard assumption in the literature. Even with an efficient government, the relative costs and benefits of government and private provision depend crucially on the economy's underlying structural conditions and borrowing constraints in international capital markets. Countries with limited substitution possibilities and large production externalities may benefit from governments encouraging private provision of public capital through targeted investment subsidies. By contrast, countries with flexible substitution possibilities and relatively smaller externalities may benefit either from governments directly providing public capital or from regulation of private providers. The transitional dynamics also are shown to depend on the underlying elasticity of substitution and the size of the production externality.

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Borrowing Constraints and its Impact on The First-Time Buyer Market in Britain

10.15396/eres2003_103 ◽

2003 ◽

Keyword(s):

Borrowing Constraints ◽

First Time

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Well-being and inequality in comparative perspective: the case of Poland and Ukraine

Sociology: Theory, Methods, Marketing ◽

10.15407/sociology2019.01.032 ◽

2019 ◽

pp. 32-55

Author(s):

Natalia Kovalisko ◽

Serhii Makeev

Keyword(s):

Tax Evasion ◽

Shadow Economy ◽

Free Market ◽

Well Being ◽

Household Surveys ◽

Cheap Labour ◽

Catching Up ◽

Public Opinion Polls ◽

Opinion Polls

Socio-economic trajectories of Poland and Ukraine have been considerably diverging since the last decade of the 20th century. The former has been advancing and catching up with Western European countries in terms of the quality of life — whereas in Ukraine, the 1990s recession gave way to unsustainable economic growth, which interrupted in the second half of the 2000s and in the 2010s. The comparison of official statistics, along with the data of household surveys and public opinion polls, makes it possible to conclude that a progressive and sustainable transition from a command economy to free market, as exemplified by Poland, is accompanied by moderate deepening of economic inequality. However, an abnormal transition (deviating from the “Polish rule”) entails excessive concentration of wealth and gives rise to corruption as a mechanism of income redistribution among different categories of population. This also results in a more noticeable stratification of opportunies for meeting vital and existential needs. Owing to a large proportion of shadow economy and undeclared work, Ukrainians remain a source of cheap labour in both the domestic and international labour markets; in addition, a persistent subculture of tax evasion is being formed in this country.

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The analysis of household surveys

10.1596/0-8018-5254-4 ◽

1997 ◽

Cited By ~ 1457

Author(s):

Angus Deaton

Keyword(s):

Household Surveys

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Rencana Aksi Korporasi private placement yang Dilakukan oleh PT. SLJ GLOBAL, Tbk. terhadap CARRIEDO Limited

Jurnal Suara Hukum ◽

10.26740/jsh.v2n2.p215-233 ◽

2020 ◽

Vol 2 (2) ◽

pp. 215

Author(s):

Arvi Alvianda

Keyword(s):

Development Strategy ◽

Research Method ◽

Business Development ◽

Public Companies ◽

Share Ownership ◽

Private Placement ◽

Corporate Action ◽

Percentage Share ◽

Rights Issue ◽

Debt Payment

One of the most important elements in the framework of the business development strategy of public companies (issuers) is the addition of capital. The addition of capital can be done in two ways, namely Capital Increase by providing Pre-emptive Rights and Capital Additions without Giving Pre-emptive Rights. Providing Rights is the same as Rights Issue, while without giving Rights can be equated with Private Placement. However, generally people are more familiar with calling private placement with the term Right Issue without Preemptive Rights. Arrangements regarding Preemptive Rights are regulated in POJK No.32/POJK.04/2015 concerning Addition of Company Capital By Providing Pre-emptive Rights, while without providing Preemptive Rights is regulated in POJK No.38/POJK.04/2014 concerning Capital Increase of Public Companies without Giving Pre-emptive Rights. The research method is used a normative juridical method. The research specifications are used descriptive-analytical. From the results of the study it can be concluded that the Capital Increase without Giving Preemptive Rights is carried out by PT. SLJ GLOBAL Tbk, by issuing new shares to creditors as a form of debt payment is one of the best ways for the Company. This method proved to be able to reduce debt and increase the paid up capital of the Company, as well as making the Creditor as a new shareholder. However, corporate action through the issuance of new shares without giving HMETD, so that there are additional new investors, resulting in a percentage share ownership of each of the existing shareholders has decreased. (Dilution).

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