Effects of family life-cycle stages on consumer debts

被引：10

作者：

Baek E. ^{[1
]}

Hong G.-S. ^{[2
]}

机构：

[1] Sungkyunkwan University, 3-53. Myongyun-Dong, Chongro-Gu, Seoul

[2] Ohio State University, 262 Campbell Hall, 1787 Neil Ave., Columbus, O.

来源：

Journal of Family and Economic Issues | 2004年 / 25卷 / 3期

关键词：

credit card debt; double-hurdle; installment debt; life-cycle stages;

D O I：

10.1023/B:JEEI.0000039946.59422.5f

中图分类号：

学科分类号：

摘要：

Using the 1998 Survey of Consumer Finances (SCF), this study examined factors related to two types of consumer debt: installment debt and credit card debt. To address the limitations of the conventional life-cycle hypothesis, the study incorporated ability, willingness, and need to borrow, and prudence as well as life-cycle stages in the conceptual framework. The results of the double-hurdle model showed that life-cycle stages, willingness and ability to borrow, prudence, and the need to borrow were significant factors affecting installment debt and credit card debt. Based on the results, implications for financial counselors and educators, lenders, consumers, and policy makers are discussed.

引用

页码：359 / 385

页数：26

共 43 条

[1]

Influence on Total Consumer Debt on Bankruptcy Filing Trends by Year 1980-2001, (2003)

[2]

Ando A., Modigliani F., The life-cycle hypothesis of saving: Aggregate implications and tests, American Economic Review, 53, pp. 55-84, (1963)

[3]

Attanasio O., Weber G., Is consumption growth consistent with intertemporal optimization? Evidence from the consumer expenditure survey, Journal of Political Economy, 103, pp. 1121-1157, (1995)

[4]

Bertaut C.C., Haliassos M., Debt Revolvers for Self-control, (2001)

[5]

Bojanic D.C., A look at a modernized family life-cycle and overseas travel, Journal of Travel and Tourism Marketing, 1, 1, pp. 61-78, (1992)

[6]

Browning M., Deaton A., Irish M., A profitable approach to labor supply and commodity demands over the life-cycle, Econometrica, 53, pp. 503-533, (1985)

[7]

Bryant W.K., The Economic Organization of the Household, (1990)

[8]

Burbidge J.B., Robb A.L., Evidence on wealth-age profiles in Canadian cross-section data, Canadian Journal of Economics, 18, pp. 854-875, (1985)

[9]

Carroll C., Summers S., Consumption growth parallels income growth: Some new evidence, National Saving and Economic Performance, pp. 305-343, (1991)

[10]

Chien Y., DeVaney S.A., The effects of credit attitude and socioeconomic factors on credit card and installment debt, The Journal of Consumer Affairs, 35, 1, pp. 162-179, (2001)

← 1 2 3 4 5 →