Determinants of the Portuguese families level of over-indebtedness

• Author(s): Campos, Cláudio
• Date: 2017
• Persistent ID: http://hdl.handle.net/10362/22916
• Origin: Repositório Institucional da UNL
• Subject(s): Over-indebtedness; Default; Portugal; DECO; Domínio/Área Científica::Ciências Sociais::Economia e Gestão
• Document Type: Master thesis
• Language: English
• Advisor(s): Peralta, Susana
• Contributor(s): RUN

Description

This paper provides several econometric analyses in order to disclose the determinants of the probability of defaulting on financial obligations and of the level of debt and expenses burdens for Portuguese families. The study was developed using data collected by DECO, a Portuguese consumer association. We run several regressions using demographic variables and over-indebtedness triggers and look for the robustness of results. We find that unemployment and family composition are the most significant and consistent determinants of our outcome variables and most of our empirical findings are backed up by previous studies.