The effect of self-control on household debtThe Spanish case

  1. Sara Fernández-López 1
  2. Sandra Castro-González 1
  3. David Rodeiro-Pazos 1
  4. Lucía Rey-Ares 2
  1. 1 Universidade de Santiago de Compostela
    info

    Universidade de Santiago de Compostela

    Santiago de Compostela, España

    ROR https://ror.org/030eybx10

  2. 2 Universidade da Couña
Book:
XXX Jornadas Luso-Espanholas de Gestão Científica: cooperação transfronteiriça. Desenvolvimento e coesão territorial. Livro de resumos
  1. PaulaOdete Fernandes

Publisher: Instituto Politécnico de Bragança

ISBN: 978-972-745-273-6

Year of publication: 2020

Pages: 209

Congress: Jornadas Hispanolusas de Gestión Científica (30. 2020. Bragança)

Type: Conference paper

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Abstract

Household debt holding levels are increasing and it has outstanding importance for family finances and global economy. This paper analysed the effect of a behavioural trait, self-control, over the household indebtedness. Particularly, we examined how self-control, measure through a more compressive financial approach, influences on different types of household debts. To this end, we construct a self-control measure which combine three financial items and consider different types of household debts. The empirical analysis is based on data from the International Survey of Adult Financial Literacy and, the results, obtained through probit regression models, show that self-control negatively influences individuals’ decisions of holding debts. However, self-control differs across different types of debt and its effect depends on the supply side of credit.

Data source: Dialnet