570
Views
4
CrossRef citations to date
0
Altmetric
Articles

What matters more for South African households’ debt repayment difficulties?

References

  • Alfaro, R, Gallardo, N & Stein, R, 2010. The determinants of household debt default. Documentos de Trabajo Banco Central de Chile no. 574. Santiago.
  • Avery, RB, Calem, PS & Canner, GB, 2004. Consumer credit scoring: Do situational circumstances matter? Journal of Banking & Finance 28(4), 835–856. doi: 10.1016/S0378-4266(03)00202-4
  • Bachmann, R, Berg, TO & Sims, ER, 2015. Inflation expectations and readiness to spend: Cross-sectional evidence. American Economic Journal: Economic Policy 7(1), 1–35.
  • Bertrand, M, Karlan, D, Mullainathan, S, Shafir, E & Zinman, J, 2010. What’s advertising content worth? Evidence from a consumer credit marketing field experiment. The Quarterly Journal of Economics 125(1), 263–305. doi: 10.1162/qjec.2010.125.1.263
  • Bikker, JA & Metzemakers, PA, 2005. Bank provisioning behaviour and procyclicality. Journal of International Financial Markets, Institutions and Money 15(2), 141–157. doi: 10.1016/j.intfin.2004.03.004
  • Chatterjee, S, Corbae, D, Nakajima, M & Ríos-Rull, JV, 2007. A quantitative theory of unsecured consumer credit with risk of default. Econometrica 75(6), 1525–1589. doi: 10.1111/j.1468-0262.2007.00806.x
  • Collins, DL & Leibbrandt, M, 2007. The financial impact of HIV/AIDS on poor households in South Africa. AIDS (London, England) 21(Suppl 7), S75–81. doi: 10.1097/01.aids.0000300538.28096.1c
  • Disney, R, Bridges, S & Gathergood, J, 2008. Drivers of over-indebtedness. Centre for Policy Evaluation, University of Nottingham, Nottingham.
  • DTI (Department of Trade and Industry), 2004. Consumer credit law reform: Policy framework for consumer credit. Department of Trade and Industry, Pretoria.
  • Duygan-Bump, B & Grant, C, 2009. Household debt repayment behaviour: What role do institutions play? Economic Policy 24(57), 107–140. doi: 10.1111/j.1468-0327.2009.00215.x
  • Evans, M, Hastings, N & Peacock, B, 2000. Statistical distributions. 3rd edn. Wiley, New York.
  • Farinha, L & Lacerda, A, 2010. Household credit delinquency: Does the borrowers’ indebtedness profile play a role? Financial Stability Report, Part 2 (November 2010):135–153.
  • Gathergood, J, 2012. Self-control, financial literacy and consumer over-indebtedness. Journal of Economic Psychology 33(3), 590–602. doi: 10.1016/j.joep.2011.11.006
  • Getter, DE, 2003. Contributing to the delinquency of borrowers. Journal of Consumer Affairs 37(1), 86–100. doi: 10.1111/j.1745-6606.2003.tb00441.x
  • Grant, C, 2010. Shocks and the debt repayment behaviour of households in the EU. http://www.southampton.ac.uk/~mkwiek/WIEM2010/Grant-ProbitFE.pd Accessed 4 April 2012.
  • Greene, WH, 1998. Sample selection in credit-scoring models. Japan and the World Economy 10, 299–316. doi: 10.1016/S0922-1425(98)00030-9
  • Gross, DB & Souleles, NS, 2002. An empirical analysis of personal bankruptcy and delinquency. Review of Financial Studies 15(1), 319–347. doi: 10.1093/rfs/15.1.319
  • Haushofer, J & Fehr, E, 2014. On the psychology of poverty. Science 344(6186), 862–867. doi: 10.1126/science.1232491
  • Heidhues, P & Kőszegi, B, 2010. Exploiting naivete about self-control in the credit market. The American Economic Review 100(5), 2279–2303. doi: 10.1257/aer.100.5.2279
  • Hill, RP & Kozup, JC, 2007. Consumer experiences with predatory lending practices. Journal of Consumer Affairs 41(1), 29–46. doi: 10.1111/j.1745-6606.2006.00067.x
  • Himmelstein, D, Warren, E, Thorne, D & Wollhandler, S, 2005. Illness and injury as contributors to bankruptcy. Health Affairs W5, 63–73.
  • Ho, G & Pennington-Cross, A, 2006. The impact of local predatory lending laws on the flow of subprime credit. Journal of Urban Economics 60(2), 210–228. doi: 10.1016/j.jue.2006.02.005
  • Hurwitz, I & Luiz, J, 2007. Urban working class credit usage and over-indebtedness in South Africa. Journal of Southern African Studies 33(1), 107–131. doi: 10.1080/03057070601136616
  • James, D, 2012. Money-go-round: Personal economies of wealth, aspiration and indebtedness. Africa 82(01), 20–40. doi: 10.1017/S0001972011000714
  • Jappelli, T, Pagano, M & Di Maggio, M, 2008. Households’ indebtedness and financial fragility. Journal of Financial Management Markets and Institutions 1(1), 23–46.
  • Jentzsch, N & Riestra, ASJ, 2006. Consumer credit markets in the United States and Europe. In Bertola, G, Disney, R & Grant, C (Eds.), The economics of consumer credit. MIT Press, Cambridge and London, pp. 27–62.
  • Katona, G, 1960. The powerful consumer: Psychological studies of the American economy. McGraw-Hill, New York.
  • Kennedy, K, Delany, SJ & Mac Namee, B, 2011. A framework for generating data to simulate application scoring. Credit Scoring and Credit Control XII, Edinburgh: University of Edinburgh Management School.
  • Knight, L, Roberts, BJ, Aber, JL & Richter, L, 2015. Household shocks and coping strategies in rural and peri-urban South Africa: Baseline data from the size study in Kwazulu-Natal, South Africa. Journal of International Development 27(2), 213–233. doi: 10.1002/jid.2993
  • Lam, D, Ardington, C, Branson, N, Case, A, Leibbrandt, M, Menendez, A, Seekings, J & Sparks, M, 2008. The cape area panel study: A very short introduction to the integrated waves 1-2-3-4 data. University of Cape Town, Cape Town.
  • Lopes, P, 2008. Credit card debt and default over the life cycle. Journal of Money, Credit and Banking 40(4), 769–790. doi: 10.1111/j.1538-4616.2008.00135.x
  • Meier, S & Sprenger, C, 2007. Impatience and credit behavior: Evidence from a field experiment (No. 07-3). Federal Reserve Bank of Boston.
  • Pesola, J, 2011. Joint effect of financial fragility and macroeconomic shocks on bank loan losses: Evidence from Europe. Journal of Banking & Finance 35(11), 3134–3144. doi: 10.1016/j.jbankfin.2011.04.013
  • Peter, V & Peter, R, 2006. Risk management model: An empirical assessment of the risk of default. International Research Journal of Finance and Economics 1, 42–56.
  • Roos, MWM, 2008. Willingness to consume and ability to consume. Journal of Economic Behavior & Organization 66(2), 387–402. doi: 10.1016/j.jebo.2006.03.008
  • Saunders, P, 2011. Down and out: Poverty and exclusion in Australia. Policy Press, Bristol.
  • Saunders, P & Hill, T, 2008. A consistent poverty approach to assessing the sensitivity of income poverty measures and trends. Australian Economic Review 41(4), 371–388. doi: 10.1111/j.1467-8462.2008.00521.x
  • Seekings, J & Nattrass, N, 2008. Beyond ‘fluidity’: Kinship and households as social projects. Centre for Social Science Research, Cape Town.
  • Ssebagala, RA, 2015. The dynamics of consumer credit and household indebtedness in South Africa. Doctoral dissertation, University of Cape Town.
  • Stoop, PN, 2009. South African consumer credit policy: Measures indirectly aimed at preventing consumer over-indebtedness. Mercantile Law Journal 21, 365–386.
  • Townley-Jones, M, Griffiths, M & Bryant, M, 2008. Chronic consumer debtors: The need for specific intervention. International Journal of Consumer Studies 32, 204–210. doi: 10.1111/j.1470-6431.2008.00666.x
  • Van Apeldoorn, JC, 2008. The ‘fresh start’ for individual debtors: Social, moral and practical issues. International Insolvency Review 17(1), 57–72. doi: 10.1002/iir.156
  • Viimsalu, S, 2010. The over-indebtedness regulatory system in the light of the changing economic landscape. Juridica International XVII, 217–226.
  • Whitley, J, Windram, R & Cox, P, 2004. An empirical model of household arrears. Bank of England Working Paper no. 214. London.
  • Zhu, N, 2011. Household consumption and personal bankruptcy. The Journal of Legal Studies 40(1), 1–37. doi: 10.1086/649033
  • Zhu, LY & Meeks, CB, 1994. Effects of low income families’ ability and willingness to use consumer credit on subsequent outstanding credit balances. Journal of Consumer Affairs 28(2), 403–422. doi: 10.1111/j.1745-6606.1994.tb00859.x

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.