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Household Debt and Credit: Economic Issues and Data Problems

  • Giuseppe Bertola
  • Stefan Hochguertel

We survey contributions to the analysis of household liabilities, highlighting relevant theoretical aspects and outlining how data sources may support empirical testing and measurement efforts. Specifically, we classify aspects of household debt, discussing the theoretical and policy relevance of heterogeneity across individual and country dimensions. Aiming to illustrate conceptual and measurement issues, we refer to the approaches and results of some recent relevant country-specific work on administrative and survey data, and we argue that research in this area would greatly benefit from availability of appropriately classified household liabilities data and of cross-country institutional information. Copyright 2007 The Authors Journal compilation 2007 Banca Monte dei Paschi di Siena SpA

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Article provided by Banca Monte dei Paschi di Siena SpA in its journal Economic Notes.

Volume (Year): 36 (2007)
Issue (Month): 2 (07)
Pages: 115-146

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Handle: RePEc:bla:ecnote:v:36:y:2007:i:2:p:115-146
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