Indebtedness and Subjective Financial Wellbeing of Households in Indonesia

Dwini Handayani, Ummu Salamah and Restananda Nabilla Yusacc
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Dwini Handayani: Demographic Institute, Faculty of Economics and Business, Universitas Indonesia
Ummu Salamah: Alumni of Faculty of Economics and Business, Universitas Indonesia
Restananda Nabilla Yusacc: Faculty of Economics and Business, Universitas Indonesia

Economics and Finance in Indonesia, 2016, vol. 62, 78-87

Abstract: Indebtedness is an element to foresee household financial wellbeing. This vulnerability could be determined objectively and subjectively. Objective financial vulnerability is the objective ability to make ends meet that is analyzed using household income and characteristics. Measurement in subjective welbeing is determined by household perceptions in their ability to make ends meet. Household behavior with different perceptions will behave differently. Indebtedness is analyzed using the Indonesian Family Life Survey (IFLS) 5 with the Ordinary Least Square method. The inferential shows that both objective and subjective financial wellbeing influence household indebtedness.

Keywords: Household Behavior; Family Economics; Indebtedness; Subjective Wellbeing (search for similar items in EconPapers)
JEL-codes: D10 D31 (search for similar items in EconPapers)
Date: 2016
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