Year: 2025
Type: erratum
Abstract: The error occurred in the Literature Section.The authors forgot to rework a cited paragraph.The paragraph was largely rewritten.This is the corrected text: "While the connection between household poverty and over-indebtedness may appear straightforward, endogeneity issues complicate such a relationship.Nevertheless, systematic research on this nexus remains surprisingly scarce (Kuypers and Verbist 2022).On the one hand, official poverty measures rely on disposable household income, thus overlooking the fact that debt repayments directly reduce the resources available for consumption.This underestimates the actual constraints faced by indebted households (Kuypers and Marx 2019).On the other hand, a rich empirical literature shows that income is one of the most important determinants of over-indebtedness, even after controlling for other socioeconomic variables (Bridges and Disney 2004;Kempson et al. 2004;Brown and Taylor 2008;Sierminska 2014).This duality highlights a clear endogeneity issue: indebtedness may be both a cause and a consequence of poverty.Rising debt burdens can drag households into financial hardship, while pre-existing poverty may increase reliance on borrowing to cover
Source: Italian Economic Journal
Authors: Chiara Mussida, Dario Sciulli
Language: English
Subfield: Sociology and Political Science
Field: Social Sciences
Domain: Social Sciences
SDG: No poverty
Open Access status: hybrid
Estimated APC paid: $3,290
OpenAlex ID: W4416724698