Credit card debt puzzle: Evidence from the euro area

C-Tier
Journal: Economics Letters
Year: 2024
Volume: 236
Issue: C

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper documents the simultaneous accumulation of liquid assets and credit card debt in euro area countries. Despite its significantly lower prevalence compared to the US, results underscore similarities in the fundamental role of credit constraints and preferences toward risk. Contrary to previous findings with US data, tertiary education does not appear to significantly mitigate this puzzling behavior in the euro area.

Technical Details

RePEc Handle
repec:eee:ecolet:v:236:y:2024:i:c:s0165176524000697
Journal Field
General
Author Count
1
Added to Database
2026-01-29