Socio-Demographic Characteristics of Elderly Debt Holders
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Date
2024
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Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
This scientific paper studies the socio-demographic profile of debt holders of the elderly population of
Eastern and Western European regions. The primary goal is to identify the factors influencing household
debt decisions in these two historically and economically diverse regions, addressing an important gap in
the existing literature and contributing to a nuanced understanding of the economic well-being of older
adults.
Using data from the Survey of Health, Aging and Retirement in Europe (SHARE), the study uses logistic
regression to model the relationship between socio-demographic variables and debt repayment. The survey
design provides comprehensive coverage of key determinants, including region, age group, gender, household size, education, marital status, limited employment, economic activity, home ownership, net wealth,
and household risk aversion.
Preliminary findings reveal complex patterns in the socio-demographic profile of debt holders among older
populations in Eastern and Western European regions. The study explores the role of demographic factors,
structural factors (education, economic activity), psychological factors (risk aversion) and overall wealth
status in shaping debt decisions. European regions.
Description
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Keywords
Citation
IX International Scientific Conference: "Challenges of Globalization in Economics and Business", Proceedings , Tbilisi, 2024, pp. 179-185