Since 2014
Financial Risk of Uruguayan Households
Economic Analysis Review
View Archive Info| Field | Value | |
| Title |
Financial Risk of Uruguayan Households
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| Creator |
Borraz, Fernando
Gonzalez Pampillon, Nicolas |
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| Subject |
Financial risk, household over indebtedness, financial survey, Uruguay.
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| Description |
This study analyzes the financial risk of Uruguay households using the first nationally representative Uruguayan financial survey. The objective of this work is twofold. First, we simulate the impact on the finance of Uruguayan households of a negative income shock similar to the one experienced in 2002, finding that the financial risk is mild. We estimate a 175% increases in the number of households with financial burden higher than 0.75. Despite this big raise, this group is 10% of the population. Furthermore, the debt level is low in international terms. Secondly, we analyze over indebtedness among Uruguayan households. We observe that some variables are correlated with the fact of being over indebted. Nevertheless, when using the burden financial ratio as dependent variable we find that few variables can significantly explain it.
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| Publisher |
Universidad Alberto Hurtado - Facultad de Economía y Negocios
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| Contributor |
—
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| Date |
2015-10-24
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://www.rae-ear.org/index.php/rae/article/view/454
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| Source |
Revista de Análisis Económico - Economic Analysis Review; Vol 29, No 2 (2015); 19-43
Revista de Análisis Económico – Economic Analysis Review; Vol 29, No 2 (2015); 19-43 0718-8870 0716-5927 |
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| Language |
eng
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| Relation |
http://www.rae-ear.org/index.php/rae/article/view/454/572
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| Rights |
Copyright (c) 2015 Revista de Análisis Económico – Economic Analysis Review
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