Rahanduse ja majandusteooria instituudi seminar 14. septembril
- Aeg:14.09.16 - 14.09.16
TTÜ rahanduse ja majandusteooria instituudi käesoleva õppeaasta esimene teadusseminar toimub 14. septembril kell 16.00-17.00 ruumis SOC-214.
Esineja: Merike Kukk, TTÜ rahanduse ja majandusteooria instituut
Seminariettekande pealkiri: What are the Triggers for Arrears on Debt? Evidence from Quarterly Panel Data
Kokkuvõte inglise keeles:
The paper investigates the triggers of arrears on debt in Estonia, which is a full recourse country similar to other euro area countries. An extensive individual-level quarterly panel dataset enables quarterly debt repayment problems to be tracked while controlling for individual specific heterogeneity. The estimations show that lower income and higher debt service ratios are associated with a higher probability of arrears, confirming the “ability to pay” hypothesis. Newly taken consumer loans increase the probability of arrears and the effect is stronger during a recession. Housing loans taken when real estate prices are high exhibit a lower probability of arrears, which is as expected for full recourse loans. The results suggest that the most efficient measures for addressing arrears on debt would be those that mitigate income declines and the debt servicing burden.
Seminar toimub inglise keeles.
Seminarimaterjale jagatakse kohapeal.
Karsten Staehr, karsten dot staehr at ttu dot ee