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Educación financiera y la gestión del crédito en los hogares mexicanos
[Financial education and the mexican household credit management]

Author

Listed:
  • Luís Augusto Chávez Maza
  • Ariadna Hernández Rivera

Abstract

This paper discusses the financial education and over-indebtedness relationship. For this, the main formal and informal credit instruments were identified for the Mexican population, showing credit cards and relatives or friends’ loans as the primary sources, respectively. A multinomial logit model was estimated, which evidenced that the high-income urban population has higher financial education and formal credit access. Nonetheless, people with formal credit and high financial education have financial problems. Especially, credit card users overused this instrument, generating over-indebtedness. We concluded that financial education does not imply a stable financial management

Suggested Citation

  • Luís Augusto Chávez Maza & Ariadna Hernández Rivera, 2023. "Educación financiera y la gestión del crédito en los hogares mexicanos [Financial education and the mexican household credit management]," Estudios Economicos, Universidad Nacional del Sur, Departamento de Economia, vol. 40(81), pages 191-222, july-dece.
    • Handle: RePEc:uns:esteco:v:40:y:2023:i:81:p:197-222
    DOI: https://doi.org/10.52292/j.estudecon.2023.3411
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    More about this item

    Keywords

    educación financiera; sobreendeudamiento; crédito formal; crédito informal;
    All these keywords.

    JEL classification:

    • A29 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Other
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth
    • G53 - Financial Economics - - Household Finance - - - Financial Literacy

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