The Legacy of Economic Recession in Terms of Over-Indebtedness
A Framework and Review of the Evidence
Bibliographic Data
| ID | 12715664 |
|---|---|
| Authors | Heikki Hiilamo (0000-0003-4886-4935, University of Helsinki, corresponding author) |
| Year | 2020 |
| Volume | 20 |
| Issue | 1 |
| Pages | 111-124 |
| Publication date | 2020-09-22 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Social Policy and Society (JOURNAL) |
| Journal identifiers | ISSN: 1474-7464 • E-ISSN: 1475-3073 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s1474746420000354 |
| OpenAlex | W3088182547 |
| Language | EN |
| Citations received | 5 |
| References cited | 33 |
With the expansion of credit, low interest rates and overly optimistic expectations about future economic and housing price developments, mortgage lending soared in most OECD countries in the run-up to the 2008 global economic crisis. The crisis revealed the hidden epidemic of over-indebtedness, which continues to overshadow the lives of millions in rich countries. In the wake of the global economic crisis, the household debt crisis led to worsening economic conditions and put pressure on government finances, which caused further income shocks in the form of austerity measures such as social welfare cuts and higher taxes. This article is based on a scoping review aimed at summarising and reflecting on the available literature. It analyses the effects of over-indebtedness on individuals and societies across six OECD countries: Finland, Germany, the Netherlands, Norway, the UK and the US
Austerity · Debt · Debt crisis · Development economics · Economic policy · Economics · Financial crisis · Global recession · Government (linguistics · Great recession · Household debt · Labour economics · Macroeconomics · Market economy · Political science · Politics · Recession · Welfare · Financial Literacy, Pension, Retirement Analysis · Housing Market and Economics · Housing, Finance, and Neoliberalism
Parental Over-Indebtedness and Youth Crime in Sweden
Overindebted, unsupported and lonely, and mentally stressed and depressed—exploring the relationship between overindebtedness, social disconnectedness and poor mental health in a population-based Swiss study
Initial social-policy responses to the Covid-19 pandemic in the Global North – A scoping review
Endettement et parentalité intensive
What you need is what you get? Vocabularies of needs and gender in Swedish budget- and debt counselling
Forced Sales and House Prices
The relationship between personal unsecured debt and mental and physical health
Health effects of indebtedness
Systematic review or scoping review? Guidance for authors when choosing between a systematic or scoping review approach
Debt and Graduation from American Universities
Financial hardship and obesity
Over-indebtedness as a marker of socioeconomic status and its association with obesity
Economic Factors and the Rates of Suicide in Germany between 1881 and 1989
Borrowing for social security? Credit, asset-based welfare and the decline of the German savings regime
Do debts lead to disability pension? Evidence from a 15-year follow-up of 54,000 Finnish men and women
Evicted. Poverty and profit in the American city
House of Debt
When You’re in a Crisis Like That, You Don’t Want People to Know”
Feeding the Family When the Wolf's at the Door
Does debt affect health? Cross country evidence on the debt-health nexus
Like you failed at life
Disparities in Debt
The dangers of borrowing in the age of financialization
Credit, Debt, and Inequality
Net Worth as an Aspect of Status
Trust and Financial Crisis Experiences
| Unique citing works | 5 |
|---|---|
| Citations per year | 1,67 |
| Citation span | 2023 - 2025 (3) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 5 |