Characterizing the Over-indebted: An Event History Analysis of Financial Diaries

IF 1.2 Q3 BUSINESS, FINANCE

Journal of Emerging Market Finance Pub Date : 2022-04-18 DOI:10.1177/09726527221079957

Sachit Rao, N. Parthasarathy

引用次数: 0

Abstract

Low-income households (HHs) face vagaries in income and expenses. These often require the HH to borrow and can cause the HH to become over-indebted. Financial Diaries capture information on incomes, expenses, loans, and shocks with fine granularity and at frequent intervals. In this article, such a dataset is analyzed using the event history analysis approach in order to quantify the risk of HHs becoming over-indebted. Over-indebtedness is defined using two rubrics: monthly debt-to-income ratio and sacrifices made by the HH. The results of this analysis may be used by institutions to customize financial instruments based on the characteristics of an HH. JEL Codes: C410, C810, C830

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过度负债的特征:财务日记的事件历史分析

低收入家庭(HHs)面临着变幻莫测的收入和支出。这些通常要求HH借款，并可能导致HH过度负债。财务日记以精细的粒度和频繁的间隔记录有关收入、支出、贷款和冲击的信息。在本文中，使用事件历史分析方法分析这样的数据集，以便量化卫生保健机构过度负债的风险。过度负债是用两个标准来定义的:月债务收入比和HH做出的牺牲。这种分析的结果可以被机构用来根据HH的特征定制金融工具。JEL代码:C410, C810, C830

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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来源期刊

Journal of Emerging Market Finance BUSINESS, FINANCE-

CiteScore

1.80

自引率

33.30%

发文量

期刊介绍： The Journal of Emerging Market Finance is a forum for debate and discussion on the theory and practice of finance in emerging markets. While the emphasis is on articles that are of practical significance, the journal also covers theoretical and conceptual aspects relating to emerging financial markets. Peer-reviewed, the journal is equally useful to practitioners and to banking and investment companies as to scholars.