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Developments in the South African credit market and analysis on indebted consumers using NIDS data
Household debt measures provide vital information regarding society's financial wellbeing. This paper uses a comparative static analysis approach to evaluate total and consumer debt at the household level using two waves of NIDS data relating to the periods 2008 and 2012. The descriptive analysis is...
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| Format: | Thesis |
| Language: | English |
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School of Economics
2016
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| _version_ | 1867611276302090240 |
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| access_status_str | Open Access |
| author | Choonoo, Samantha |
| author2 | Bhorat, Haroon |
| author_browse | Bhorat, Haroon Choonoo, Samantha |
| author_facet | Bhorat, Haroon Choonoo, Samantha |
| author_sort | Choonoo, Samantha |
| collection | Thesis |
| description | Household debt measures provide vital information regarding society's financial wellbeing. This paper uses a comparative static analysis approach to evaluate total and consumer debt at the household level using two waves of NIDS data relating to the periods 2008 and 2012. The descriptive analysis is based on the share of income servicing debt by various household characteristics while the econometric analysis models the determinants of debt servicing at the household level. The descriptive statistics illustrates the financial vulnerable position of low income households as they spend a proportionally larger share of household income on debt payments and their main sources of credit are from retailers, hire purchase agreements and loan sharks. The OLS and Median Quantile regression results for 2008 and 2012 under total debt analysis indicate a dampening of the negative effect for female, Black, Coloured, no schooling and primary schooling variables; a strengthening of the positive effect for formal house structure made of brick; a dampening of the positive effect for house ownership, post-secondary education, employment and urban variables; and a strengthening of the negative effect associated with government grant income. Results for consumer debt servicing for the same period suggests a narrowing of the gender gap; that lower levels of education are less of a barrier; and that the positive effect associated with urban settlement type has diminished. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/21743 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2016 |
| publishDateRange | 2016 |
| publishDateSort | 2016 |
| publisher | School of Economics |
| publisherStr | School of Economics |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/21743 Developments in the South African credit market and analysis on indebted consumers using NIDS data Choonoo, Samantha Bhorat, Haroon Applied Economics Household debt measures provide vital information regarding society's financial wellbeing. This paper uses a comparative static analysis approach to evaluate total and consumer debt at the household level using two waves of NIDS data relating to the periods 2008 and 2012. The descriptive analysis is based on the share of income servicing debt by various household characteristics while the econometric analysis models the determinants of debt servicing at the household level. The descriptive statistics illustrates the financial vulnerable position of low income households as they spend a proportionally larger share of household income on debt payments and their main sources of credit are from retailers, hire purchase agreements and loan sharks. The OLS and Median Quantile regression results for 2008 and 2012 under total debt analysis indicate a dampening of the negative effect for female, Black, Coloured, no schooling and primary schooling variables; a strengthening of the positive effect for formal house structure made of brick; a dampening of the positive effect for house ownership, post-secondary education, employment and urban variables; and a strengthening of the negative effect associated with government grant income. Results for consumer debt servicing for the same period suggests a narrowing of the gender gap; that lower levels of education are less of a barrier; and that the positive effect associated with urban settlement type has diminished. 2016-09-14T12:49:07Z 2016-09-14T12:49:07Z 2016 Master Thesis Masters MCom http://hdl.handle.net/11427/21743 eng application/pdf School of Economics Faculty of Commerce University of Cape Town |
| spellingShingle | Applied Economics Choonoo, Samantha Developments in the South African credit market and analysis on indebted consumers using NIDS data |
| thesis_degree_str | Master's |
| title | Developments in the South African credit market and analysis on indebted consumers using NIDS data |
| title_full | Developments in the South African credit market and analysis on indebted consumers using NIDS data |
| title_fullStr | Developments in the South African credit market and analysis on indebted consumers using NIDS data |
| title_full_unstemmed | Developments in the South African credit market and analysis on indebted consumers using NIDS data |
| title_short | Developments in the South African credit market and analysis on indebted consumers using NIDS data |
| title_sort | developments in the south african credit market and analysis on indebted consumers using nids data |
| topic | Applied Economics |
| url | http://hdl.handle.net/11427/21743 |
| work_keys_str_mv | AT choonoosamantha developmentsinthesouthafricancreditmarketandanalysisonindebtedconsumersusingnidsdata |