Financial risk of Uruguayan Households

This study analyzes the financial risk of Uruguay households using the first nationally representative Uruguayan financial survey. The objective of this work is twofold. First, we simulate the impact on the finance of Uruguayan households of a negative income shock similar to the one experienced in...

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Autores principales:	Borraz,Fernando, González Pampillón,Nicolás
Lenguaje:	English
Publicado:	ILADES. Universidad Alberto Hurtado. 2015
Materias:	Financial risk household over indebtedness financial survey Uruguay
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-88702015000200002
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spelling	oai:scielo:S0718-887020150002000022015-11-09Financial risk of Uruguayan HouseholdsBorraz,FernandoGonzález Pampillón,Nicolás Financial risk household over indebtedness financial survey Uruguay This study analyzes the financial risk of Uruguay households using the first nationally representative Uruguayan financial survey. The objective of this work is twofold. First, we simulate the impact on the finance of Uruguayan households of a negative income shock similar to the one experienced in 2002, finding that the financial risk is mild. We estimate a 175% increases in the number of households with financial burden higher than 0.75. Despite this big raise, this group is 10% of the population. Furthermore, the debt level is low in international terms. Secondly, we analyze over indebtedness among Uruguayan households. We observe that some variables are correlated with the fact of being over indebted. Nevertheless, when using the burden financial ratio as dependent variable we find that few variables can significantly explain it.info:eu-repo/semantics/openAccessILADES. Universidad Alberto Hurtado.Revista de análisis económico v.30 n.2 20152015-10-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-88702015000200002en10.4067/S0718-88702015000200002
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	Financial risk household over indebtedness financial survey Uruguay
spellingShingle	Financial risk household over indebtedness financial survey Uruguay Borraz,Fernando González Pampillón,Nicolás Financial risk of Uruguayan Households
description	This study analyzes the financial risk of Uruguay households using the first nationally representative Uruguayan financial survey. The objective of this work is twofold. First, we simulate the impact on the finance of Uruguayan households of a negative income shock similar to the one experienced in 2002, finding that the financial risk is mild. We estimate a 175% increases in the number of households with financial burden higher than 0.75. Despite this big raise, this group is 10% of the population. Furthermore, the debt level is low in international terms. Secondly, we analyze over indebtedness among Uruguayan households. We observe that some variables are correlated with the fact of being over indebted. Nevertheless, when using the burden financial ratio as dependent variable we find that few variables can significantly explain it.
author	Borraz,Fernando González Pampillón,Nicolás
author_facet	Borraz,Fernando González Pampillón,Nicolás
author_sort	Borraz,Fernando
title	Financial risk of Uruguayan Households
title_short	Financial risk of Uruguayan Households
title_full	Financial risk of Uruguayan Households
title_fullStr	Financial risk of Uruguayan Households
title_full_unstemmed	Financial risk of Uruguayan Households
title_sort	financial risk of uruguayan households
publisher	ILADES. Universidad Alberto Hurtado.
publishDate	2015
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-88702015000200002
work_keys_str_mv	AT borrazfernando financialriskofuruguayanhouseholds AT gonzalezpampillonnicolas financialriskofuruguayanhouseholds
_version_	1714206213205393408

Financial risk of Uruguayan Households

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