Decomposing the factors influencing household debt: the case of China

Tseng, Yung-Ching; Hsiao, I-Fan

doi:10.1080/00036846.2021.1992343

Cited by 5 publications

(2 citation statements)

References 22 publications

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“…In practice, however, the ability to borrow depends on the household's creditworthiness. The level of income and education are of great importance in this regard (Han & Shi, 2009;Pastrapa & Apostolopoulos, 2015;Tseng & Hsiao, 2022). Education determines individuals' ability to get good jobs, and the quality of the positions secured is reflected in income levels and the stability of employment.…”

Section: Literature Review: Conceptual Framework and Hypothesesmentioning

confidence: 99%

“…The quantile regression on the microeconomic level has already been used in income analysis (Demir et al, 2020) as well as household expenses (Belaid & Rault, 2021) and savings (Hua & Erreygers, 2019). Examples of applied quantile regression can also be found in studies on indebtedness focused on analysis of the amount of loan (Pastrapa & Apostolopoulos, 2015), debt repayments (Han & Shi, 2009), and debt-to-income ratio (Tseng & Hsiao, 2022).…”

Section: Analytical Strategymentioning

confidence: 99%

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Do Children Matter to the Household Debt Burden?

et al. 2023

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In this paper, we assess the scale of indebtedness of households with children and investigate the impact of having children on the likelihood of falling into excessive debt. Using the unique dataset on indebted households in Poland, we employ two indicators to identify over-indebtedness: debt service-to-income ratio (DSTI) and subjective debt burden (SB). Applying two different debt measures allows encompassing both the economic and psychological dimensions of debt burden. In addition, we divide households into two groups: young (with a reference person aged under 35) and middle-aged and older adults (aged 35+). We find that the number of children increases the monthly debt repayments and reduces the likelihood of over-indebtedness, both according to DSTI and SB, for middle-aged and older adult households. There is no evidence for the influence of children on the over-indebtedness of young families. Our results suggest that for this age group of households, the other variables related to their economic situation and debt structures may explain the likelihood of over-indebtedness better than the presence of children.

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Section: Literature Review: Conceptual Framework and Hypothesesmentioning

confidence: 99%

Section: Analytical Strategymentioning

confidence: 99%

Do Children Matter to the Household Debt Burden?

et al. 2023

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Household debt and children’s psychological well-being in China: The mediating role of parent–child relations

Liu,

He,

Dong

2024

Children and Youth Services Review

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The influence and mechanism of female-headed households on household debt risk: empirical evidence from China

Tan,

Guo,

2024

Humanit Soc Sci Commun

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With the development of society, the number of female-headed households is on the rise. Based on the data from the China Household Finance Survey (CHFS) in 2019, this paper establishes a Tobit model to study the influence of female-headed households on household debt risk. Results indicate that female-headed households can substantially reduce household debt risk, and this conclusion still holds after overcoming endogeneity issues. Further tests on the mediating effect reveal that risk aversion and housing property holding have partial mediating effects and masking effects, respectively, in the path of female-headed households affecting household debt risk. In addition, the heterogeneity analysis indicates that the influence of female-headed households on household debt risk is more significant in third-tier cities, as well as in families without children, families without elderly members, and families with more than two elderly members. The conclusions of this paper provide a reference for the relevant policy measures to reduce household debt risk and promote gender equality.

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Decomposing the factors influencing household debt: the case of China

Cited by 5 publications

References 22 publications

Do Children Matter to the Household Debt Burden?

Do Children Matter to the Household Debt Burden?

Household debt and children’s psychological well-being in China: The mediating role of parent–child relations

The influence and mechanism of female-headed households on household debt risk: empirical evidence from China

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