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  1. Income inequality and household debt
    examining the impact of relative income on formal and informal debt in South Africa
    Autor*in: Foster, Shakeba
    Erschienen: February 2023
    Verlag:  United Nations University World Institute for Development Economics Research, Helsinki, Finland

    How does income inequality impact the propensity for and levels of formal and informal household debt? This paper assesses this question using the two most recent waves of the South African Living Conditions Survey. A range of linear models as well... mehr

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 248
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    How does income inequality impact the propensity for and levels of formal and informal household debt? This paper assesses this question using the two most recent waves of the South African Living Conditions Survey. A range of linear models as well as a zero-inflated Poisson model are employed, and inequality is measured by a household relative deprivation index, comparing households within provinces. The results provide evidence that households with higher relative deprivation (or lower relative incomes) hold higher levels of outstanding debt, and significant proportions of debt are from informal sources. Additionally, the paper provides suggestive evidence that informal borrowing among households with lower relative incomes is not directed towards investment in capital goods but instead reflects both a tunnel effect-through investments in small-scale ventures and household financial security and a keeping-up effect- through hire purchase of furniture and appliances as social capital.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789292673451
    Weitere Identifier:
    hdl: 10419/283733
    Schriftenreihe: WIDER working paper ; 2023, 37
    Schlagworte: income inequality; household debt; informal debt; relative income; keeping up with the Joneses
    Umfang: 1 Online-Ressource (circa 30 Seiten), Illustrationen