CREDIT CARD OWNERSHIP AND DEBT STATUS IN MALAYSIA

Yiing Jia Loke (), Steven T. Yen () and Andrew K. G. Tan ()
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Yiing Jia Loke: School of Social Sciences, Universiti Sains Malaysia, 11800 Penang, Malaysia
Steven T. Yen: Department of Agricultural and Resource Economics, The University of Tennessee, Knoxville, TN 37996-4518, USA
Andrew K. G. Tan: School of Social Sciences, Universiti Sains Malaysia, 11800 Penang, Malaysia

The Singapore Economic Review (SER), 2013, vol. 58, issue 03, 1-26

Abstract: This paper examines the role of socio-demographic and credit consumption tendencies in affecting credit card ownership and debt status. Based on a sample of 938 individuals from three major cities in Malaysia, card holders' debt status is measured in relation to credit card expenditure, which in turn is categorized into convenience users, low-risk credit revolvers and high-risk credit revolvers. While socio-demographic factors play significant roles in determining card ownership, card holders' credit consumption tendencies, such as past debt history and type of loan possessed, have varying adverse effects on the card holder's debt status.

Keywords: Credit card debt; credit card ownership; credit revolver; convenience user; ordered probit model; sample selection; D12; D14; E51; G20 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)

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DOI: 10.1142/S0217590813500161

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