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Please use this identifier to cite or link to this item: http://hdl.handle.net/2262/64058

Title: Economic Vulnerability and Severity of Debt Problems: An Analysis of the Irish EU-SILC 2008
Author: MAITRE, BERTRAND
RUSSELL, HELEN
Author's Homepage: http://people.tcd.ie/maitreb
http://people.tcd.ie/hrussell
Keywords: poverty
economic vulnerability
over-indebtedness
severity of debt
financial exclusion
Issue Date: 2011
Publisher: ESRI
Citation: Russell, Helen, Maitre, Bertrand, Whelan, Christopher T., Economic Vulnerability and Severity of Debt Problems: An Analysis of the Irish EU-SILC 2008, 2011
Series/Report no.: ESRI Working Paper;402
Abstract: In this paper, using Ireland, where debt issues are of particular salience as a test case, we seek to understand the extent to which the measures currently employed as national indicators of poverty and social exclusion succeed in capturing over-indebtedness and, more broadly, severity of debt problems. Our analysis reveals a clear gradient with predictive ability increasing sharply as one moves from ‘at risk of poverty’ to consistent poverty and finally economic vulnerability indicators. In relation to debt problems, the key distinction is between the just under one in five households defined as economically vulnerable and all others. Financial exclusion, relating to access to a bank account and a credit card, was found to increase debt levels. However, such effects were modest. The impact of economic vulnerability seems to be largely a consequence of its relationship to a wide range of socio-economic attributes and circumstances. The manner in which a potential debt crisis unfolds will be shaped by the broader socio-economic structuring of life-chances. Any attempt to respond to such problems by concentrating on household behaviour or, indeed, triggering factors without taking the wider social structuring of economic vulnerability is likely to be both seriously misguided and largely ineffective.
Description: PUBLISHED
URI: http://hdl.handle.net/2262/64058
Appears in Collections:Administrative Staff Authors (Scholarly Publications)

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