Debt and Depression: Causal Links and Social Norm Effects
Debt and Depression: Causal Links and Social Norm Effects
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DOI：
10.1111/j.1468-0297.2012.02519.x
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发表时间：
2012-09-01
期刊：
影响因子：
3.2
通讯作者：
Gathergood, John
中科院分区：
文献类型：
--
作者：
Gathergood, John
个人表现出偿还债务的问题也表现出更差的心理健康。在心理健康状况不佳的基础上选择陷入问题债务是造成这种差异的主要原因。问题债务与心理健康之间的因果关系可能是双向的。使用个人层面的英国面板数据，当地的房价变动外生的个人家庭被用来建立从问题抵押贷款债务的因果关系，心理健康。此外，社会规范的影响，问题债务的地方破产和收回率进行了研究。结果表明，有相当大的因果关系和社会规范的影响，债务心理健康的关系。
Individuals exhibiting problems repaying their debt obligations also exhibit much worse psychological health. Selection into problem debt on the basis of poor psychological health accounts for much of this difference. The causality between problem debt and psychological health may be two way. Using individual level UK panel data, local house price movements exogenous to individual households are used to establish the causality from problem mortgage debt to psychological health. In addition, the social norm effects of problem debt are investigated using local bankruptcy and repossession rates. Results indicate there are sizeable causal links and social norm effects in the debtpsychological health relationship.