The determinants Uruguayan households' indebtedness

Miguel Mello () and Jorge Ponce
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Miguel Mello: Banco Central del Uruguay
Authors registered in the RePEc Author Service: Miguel Martin Mello () and Miguel Mello Costa ()

No 2014010, Documentos de trabajo from Banco Central del Uruguay

Abstract: We study the determinants of households’ indebtedness using a new dataset on the financial situation of households in Uruguay. We find that variables that are related to the access to financial services have a large impact on the households’ indebtedness decision. This result may be used to evaluate the potential impact of a recently enacted legislation imposing the formalization of the payment of wages through bank accounts. We also find that the households’ indebtedness level is positively correlated to the fact that the loan is granted by a bank. The level of the financial burden is positively correlated to the facts that the loan is granted by a bank, that it is a mortgage loan and that it is denominated in local currency

Keywords: indebtedness decision; indebtedness level determinants; Uruguay; household’s level data (search for similar items in EconPapers)
JEL-codes: G11 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2014
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Citations: View citations in EconPapers (7)

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