{"id":69217,"date":"2023-12-02T07:23:49","date_gmt":"2023-12-02T06:23:49","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/over-indebtedness-in-europe-the-relevance-of-country-level-variables-for-the-over-indebtedness-of-private-households\/"},"modified":"2025-10-22T22:25:32","modified_gmt":"2025-10-22T20:25:32","slug":"over-indebtedness-in-europe-the-relevance-of-country-level-variables-for-the-over-indebtedness-of-private-households","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/69217\/","title":{"rendered":"Over-indebtedness in Europe: The Relevance of Country-level Variables for the Over-indebtedness of Private Households"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-69217","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"So far, research on the causes of over-indebtedness in Europe has predominantly focused on the characteristics of individuals or households. This article investigates to what extent country-level factors are associated with a European household's risk of being over-indebted. We examine variables that reflect policies aimed at combating over-indebtedness (the average level of economic literacy prevalent within a country and its classification into a specific debt-discharge regime) and variables that reflect other welfare-state policies (a country's affiliation to a specific employment regime and a summary measure referring to the net replacement rate in the case of long-term unemployment). The results, which are based on multilevel logistic regression analyses of European Union Statistics on Income and Living Conditions (EU-SILC) data for 27 European countries, suggest that all four country-level factors matter. This particularly applies to the variables reflecting other welfare-state policies, thus underlining the relevance of the design of social policy in fighting over-indebtedness.","onlinedate":"2015-07-01 02:00:00","lang":"English","publication_series":"","publication_date":"20150701","publication_date_year":"","publication_date_full":false,"publication_num_pages":"21","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":null,"zip":null,"link":"https:\/\/doi.org\/10.1177\/0958928715588711","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"25","monthly_report_pages":"331-351","monthly_report_pages_sort":"331","issue":"3","journal":"Journal of European Social Policy","publisher":"","invisible":false,"external":true,"embargo_date":null,"types":[83083],"research_groups":[3510],"collaboration":"","persons":[4999,14127],"persons_data":"[{\"personId\":4999,\"personName\":\"Stefan Angel\",\"organisationNames\":[]},{\"personId\":14127,\"personName\":\"Karin Heitzmann\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[41261],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - 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