Over-indebtedness in Europe: The relevance of country-level variables for the over-indebtedness of private households

Angel, Stefan and Heitzmann, Karin (2015) Over-indebtedness in Europe: The relevance of country-level variables for the over-indebtedness of private households. Journal of European Social Policy, 25 (3). pp. 331-351. ISSN 1461-7269


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So far, research on the causes of over-indebtedness in Europe has predominantly focused on the characteristics of individuals or households. This article investigates to what extent country-level factors are associated with a European household's risk of being over-indebted. We examine variables that reflect policies aimed at combating over-indebtedness (the average level of economic literacy prevalent within a country and its classification into a specific debt-discharge regime) and variables that reflect other welfare-state policies (a country's affiliation to a specific employment regime and a summary measure referring to the net replacement rate in the case of long-term unemployment). The results, which are based on multilevel logistic regression analyses of European Union Statistics on Income and Living Conditions (EU-SILC) data for 27 European countries, suggest that all four country-level factors matter. This particularly applies to the variables reflecting other welfare-state policies, thus underlining the relevance of the design of social policy in fighting over-indebtedness.

Item Type: Article
Additional Information: To see the final version of this paper please visit the publisher's website. Access to the published version requires a subscription.
Keywords: over-indebtedness, country-level factors, cross-national research, multilevel analysis, EU-SILC
Divisions: Departments > Sozioökonomie > Sozialpolitik
Forschungsinstitute > Verteilungsfragen
Version of the Document: Accepted for Publication
Depositing User: Gertraud Novotny
Date Deposited: 06 Jul 2017 08:59
Last Modified: 05 May 2018 16:40
Related URLs:
FIDES Link: https://bach.wu.ac.at/d/research/results/68063/
URI: https://epub.wu.ac.at/id/eprint/5622


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