Income inequality and household debt: Examining the impact of relative income on formal and informal debt in South Africa

Shakeba Foster

No wp-2023-37, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: 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.

Keywords: Income inequality; Household income; Debt (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-dev and nep-fdg
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