Empirical Comparative Analysis of Household Sector Liabilities and Assets in the Context of Financial Crisis

Information
Title: Empirical Comparative Analysis of Household Sector Liabilities and Assets in the Context of Financial Crisis
Issue: Vol. 7, No 2, 2014
Published date: 20-05-2014 (print) / 20-05-2014 (online)
Journal: Economics & Sociology
ISSN: 2071-789X, eISSN: 2306-3459
Authors: Łucja Tomaszewicz
Keywords: national accounts, saving, accumulation, financial crisis
DOI: 10.14254/2071-789X.2014/7-2/5
DOAJ: https://doaj.org/article/aa3356e705c4437c8309715303a47cf3
Language: English
Pages: 47-63 (17)
JEL classification: G01, E21, E22
Website: https://www.economics-sociology.eu/?260,en_empirical-comparative-analysis-of-household-sector-liabilities-and-assets-in-the-context-of-financial-crisis
File https://www.economics-sociology.eu/files/09_58_Tomaszewicz.pdf
Abstract

This paper presents the characteristics and trends in household debt and assets in Poland and selected European countries (Germany, Ireland, Spain, Greece, Lithuania) over the period of 2005-2012. The empirical analysis presented in this paper aims to support the thesis that although the changes in the level and structure of household debt in those countries were not the primary source of the crisis, they had some impact on its course, and the financial crisis influenced the direction of these changes. Data are taken from the ESA, mainly the Eurostat Database. The analysis is carried out on the basis of a simple measure which is the relation of liabilities (by types of household debt) to assets compared with the relation of savings to the household assets.