This thesis investigates the impact that changing age demographics have on household debt-to-income ratios across 16 European countries using fixed effect panel data regression analysis. This study is conducted for the period between 2000 and 2021, and investigates how different age groups contribute to variations in household debt-to-income ratios, based on the life cycle hypothesis. Major findings point to a negative relationship in regards to the presence of older population, particularly older workers in the labor force, on debt-to-income ratios. On the other hand, the young adults, majorly those aged 30-39 years, present a correlation that is positive. The paper gives insight into how changing age structures may impact household debt at the macro level, offering considerations for policymakers.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:uu-532656 |
| Date | January 2024 |
| Creators | Dahl, Nils |
| Publisher | Uppsala universitet, Nationalekonomiska institutionen |
| Source Sets | DiVA Archive at Upsalla University |
| Language | English |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess |
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