Abstract The onset of the COVID-19 pandemic saw a period rapid experimentation with insolvency law settings, designed to prevent wave insolvencies. Although governments acted quickly keep debtors out processes, they did not alter high levels underlying indebtedness. In this worsening economic climate characterized by low growth, inflation, fiscal tightening and indebtedness, it appears, in cert...

The objective of this paper is to perform a time series econometric analysis in order empirically assess the macroeconomic determinants and corresponding drivers Portuguese households' indebtedness period 1988 2016. During that period, economy experienced process financialisation contributed an increase unprecedented levels. played crucial role recent sovereign debt crisis. Based on existing li...

Under current law, participants in (college) student loan program must repay their loan in full regardless of whether they complete college. Dropout rate among college students from low-income background is anywhere between 33 to 50 percent. The combination of lack of family resources, unconstrained access to student loans and high dropout rates means that for a substantial fraction of low-inco...

Consumer over-indebtedness is a growing phenomenon in EU countries. Legislation addressing debt solutions for consumers does not have long tradition Italy. In 2012 Italy defined settlement procedures to reduce the impact of over-indebtedness. We build disequilibrium agent-based model (abm), populated by heterogeneous who behave according boundedly rational behavioral rules. Through abm model, i...