Using a probit model, we estimated the role of emotional factors in determining household participation in the debt market, after controlling for such traditional economic predictors as age, level of education, income, wealth, and work status. A sample of 445 Caucasian subjects selected among...

The aim of this paper is to analyse the link between behaviour and overindebtedness and to shed light on the effectiveness of policy measures to tackle household financial fragility. Behaviour leading to overindebtedness is often put down to social and psychological factors that reduce an...