Angel, Stefan, Heitzmann, Karin. 2015. Over-indebtedness in Europe: The relevance of country-level variables for the over-indebtedness of private households. Journal of European Social Policy. 25 (3), 331-351.
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Abstract
So far, research on the causes of over-indebtedness in Europe has predominantly focused on the characteristics of individuals or households. This article investigates to what extent country-level factors are associated with a European household's risk of being over-indebted. We examine variables that reflect policies aimed at combating over-indebtedness (the average level of economic literacy prevalent within a country and its classification into a specific debt-discharge regime) and variables that reflect other welfare-state policies (a country's affiliation to a specific employment regime and a summary measure referring to the net replacement rate in the case of long-term unemployment). The results, which are based on multilevel logistic regression analyses of European Union Statistics on Income and Living Conditions (EU-SILC) data for 27 European countries, suggest that all four country-level factors matter. This particularly applies to the variables reflecting other welfare-state policies, thus underlining the relevance of the design of social policy in fighting over-indebtedness.
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Status of publication | Published |
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Affiliation | WU |
Type of publication | Journal article |
Journal | Journal of European Social Policy |
Citation Index | SSCI |
WU-Journal-Rating new | MAN-A, WH-B |
Language | English |
Title | Over-indebtedness in Europe: The relevance of country-level variables for the over-indebtedness of private households |
Volume | 25 |
Number | 3 |
Year | 2015 |
Page from | 331 |
Page to | 351 |
Reviewed? | Y |
DOI | http://dx.doi.org/10.1177/0958928715588711 |
Open Access | N |
Associations
- Projects
- Pathways of overindebted private households: Causes, characteristics, effects and possible (social) policy interventions in the case of Austria
- People
- Angel, Stefan (Former researcher)
- Heitzmann, Karin (Details)
- Organization
- Institute for Social Policy IN (Details)
- Economics of Inequality FI (Details)
- Research areas (Ă–STAT Classification 'Statistik Austria')
- 5427 Poverty research, social exclusion (Details)