Economics at your fingertips  

Over-indebtedness and age: The effects on individual health

Maite Blázquez Cuesta (), Santiago Budria Rodriguez () and Ana Moro-Egido ()

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2020, vol. 87, issue C

Abstract: This paper uses longitudinal data from the Spanish Survey of Household Finances to investigate the relation between household situations of over-indebtedness and self-assessed health by age. The interest of the Spanish case relies on the increased indebtedness of Spanish families after the 2008 Global Crisis. The paper differentiates between mortgage and non-mortgage debts and between young and middle-aged and old individuals. We rely on Deb and Trivedi's (2006) method to account for the endogeneity of self-assessed health and over-indebtedness simultaneously. The paper shows that being over-indebted in mortgage debts is associated with lower self-assessed health among middle-aged and old individuals. However, among young individuals, this detrimental health effect only appears when the situation of over-indebtedness is due to both mortgage and non-mortgage debts.

Keywords: Over-indebtedness; Self-assessed health; Spanish survey of household finances; Deb and Trivedi estimation technique (search for similar items in EconPapers)
JEL-codes: C25 D14 I31 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

DOI: 10.1016/j.socec.2020.101575

Access Statistics for this article

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics) is currently edited by Ofer Azar

More articles in Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics) from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

Page updated 2021-12-29
Handle: RePEc:eee:soceco:v:87:y:2020:i:c:s2214804319304823