Which Loans Do We Take? A Micro-Level Analysis of Croatian Households' Debt Participation

Krunoslav Zauder, Mate Rosan
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引用次数: 3

Abstract

This paper uses a new data set in order to explore micro-level patterns of household borrowing in Croatia. By analyzing cross-section data from the Household Finance and Consumption Survey, conducted for the first time in Croatia in 2017, we present the structure of household debt holdings and identify several household characteristics associated with debt participation in three types of bank debt: secured debt, non-collateralized loans, as well as overdrafts and/ or credit card debt. Our results indicate that: a) households with middle-aged heads tend to participate more and hold larger amounts of all three debt types; b) credit constrained households are more likely to take non-collateralized loans; c) inability to finance consumption and willingness to take risks when making saving and investment decisions contribute to participation in overdrafts and/or credit card debt.
我们需要哪些贷款?克罗地亚家庭债务参与的微观层面分析
本文使用一个新的数据集来探索克罗地亚家庭借贷的微观层面模式。通过分析2017年首次在克罗地亚进行的家庭金融和消费调查的横截面数据,我们展示了家庭债务持有的结构,并确定了与三种类型银行债务参与相关的几个家庭特征:担保债务、无抵押贷款、透支和/或信用卡债务。我们的研究结果表明:a)中年户主家庭倾向于更多地参与并持有所有三种债务类型;B)信贷受限的家庭更有可能获得非抵押贷款;C)无力为消费提供资金,在做出储蓄和投资决策时愿意承担风险,导致透支和/或信用卡债务。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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