Characteristics of household borrowing in European countries

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Ivane Javakhishvili Tbilisi State University Press
Household borrowing as an economic policy issue has attracted increasing research interest not only at micro level, but also from the world economy perspective. The present paper gives comparative analysis of debt-related indicators in selected European countries. The analysis covers economic and several socio-cultural characteristics of household debt. The main data source is Luxembourg Wealth Study Dataset. It reveals that global bias towards loans for purchasing main residence is repeated in the sample European counties. However they differ greatly in debt repayment indicators and behavioral characteristics of debt.
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household, debt, credit access, debt burden, European countries
The 4th International Scientific Conference: "Challenges of Globalization in Economics and Business", Tbilisi, 2019, pp. 510-514