Household debt in different age cohorts: A multilevel study

被引:9
|
作者
Haq, Wajiha [1 ,2 ]
Ismail, Noor Azina [3 ]
Satar, NurulHuda Mohd [1 ]
机构
[1] Univ Malaya, Fac Econ & Adm, Dept Econ, Kuala Lumpur 50603, Malaysia
[2] Natl Univ Sci & Technol, Sch Social Sci & Humanities, Islamabad, Pakistan
[3] Univ Malaya, Fac Econ & Adm, Dept Appl Stat, Kuala Lumpur 50603, Malaysia
来源
COGENT ECONOMICS & FINANCE | 2018年 / 6卷 / 01期
关键词
Age; household; debt; financial satisfaction; socioeconomic; education; assets; household size; survey; stratified;
D O I
10.1080/23322039.2018.1455406
中图分类号
F [经济];
学科分类号
02 ;
摘要
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 (2001-2013) based on stratified sampling design was used. Household debt in mature workers was higher than youth whereas debt of older people was not significantly different from other cohorts. Education and household size positively affect the demand for debt. This study contributed to existing literature by exploring the demand for debt in different age cohorts, taking into account other socio-economic variables. The design of debt products should be such that mature workers should not accumulate a high level of debt.
引用
收藏
页数:16
相关论文
共 50 条
  • [41] Influence of age and level of activity on the applicability of a walker orthosis - a prospective study in different cohorts of healthy volunteers
    Alena Sint
    Sebastian Felix Baumbach
    Wolfgang Böcker
    Christian Kammerlander
    Karl-Georg Kanz
    Mareen Braunstein
    Hans Polzer
    BMC Musculoskeletal Disorders, 19
  • [42] Household Debt and Macroeconomic Variables in Malaysia
    Ma'in, Masturah
    Tajuddin, Nur Amira Ismarau
    Nathan, Siti Badariah Saiful
    BE-CI 2016 : 3RD INTERNATIONAL CONFERENCE ON BUSINESS AND ECONOMICS, 2016, 17 : 121 - 130
  • [43] Disentangling the effect of household debt on consumption
    Rutger Teulings
    Bram Wouterse
    Kan Ji
    Empirical Economics, 2023, 65 : 2213 - 2239
  • [45] Household debt and economic growth in Europe
    Barbaglia, L.
    Manzan, S.
    Tosetti, E.
    MACROECONOMIC DYNAMICS, 2024, 29
  • [46] Assessing the ethnocentric tendencies of different age-cohorts in an emerging market
    Deb, Madhurima
    Chaudhuri, Himadri Roy
    JOURNAL OF INDIAN BUSINESS RESEARCH, 2012, 4 (04) : 244 - 268
  • [47] Quality of life in different age cohorts of older persons in South Africa
    De Jager, Lizanle
    Roos, Vera
    INTERNATIONAL JOURNAL OF PSYCHOLOGY, 2012, 47 : 651 - 651
  • [48] HOUSEHOLD DEBT AND BUSINESS CYCLES WORLDWIDE
    Mian, Atif
    Sufi, Amir
    Verner, Emil
    QUARTERLY JOURNAL OF ECONOMICS, 2017, 132 (04): : 1755 - 1817
  • [49] Household debt and labor market fluctuations
    Andres, Javier
    Bosca, Jose E.
    Ferri, Javier
    JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 2013, 37 (09): : 1771 - 1795
  • [50] Employment Protection and Household Mortgage Debt
    Shang, Longfei
    Saffar, Walid
    JOURNAL OF BANKING & FINANCE, 2023, 149