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Attitudes Toward Debt and Debt Behavior / Johan Almenberg, Annamaria Lusardi, Jenny Säve-Söderbergh, Roine Vestman.
- Format:
- Book
- Author/Creator:
- Almenberg, Johan.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w24935.
- NBER working paper series no. w24935
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2018.
- Summary:
- We introduce a novel survey measure of attitude toward debt. Matching our survey results with panel data on Swedish household balance sheets from registry data, we show that our debt attitude measure helps explain individual variation in indebtedness as well as debt build-up and consumption behavior in the period 2004-2007. As an explanatory variable, debt attitude compares well to a number of other determinants of debt, including education, risk-taking, and financial literacy. We also provide evidence that debt attitude is passed down along family lines and has a cultural element.
- Notes:
- Print version record
- August 2018.
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