Recent developments in Australian household debt

Worthington, Andrew

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Author(s)

Worthington, Andrew

Griffith University Author(s)

Worthington, Andrew C.

Year published

2008

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Abstract

Household debt in Australia has risen to record levels in recent years with highly geared households also coming under increased stress due to deteriorating conditions in asset prices, incomes and interest rates. This paper assesses recent developments in household debt from macroeconomic and microeconomic perspectives, and provides a research agenda to cast further light on the causes of burgeoning household debt.Household debt in Australia has risen to record levels in recent years with highly geared households also coming under increased stress due to deteriorating conditions in asset prices, incomes and interest rates. This paper assesses recent developments in household debt from macroeconomic and microeconomic perspectives, and provides a research agenda to cast further light on the causes of burgeoning household debt.
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Journal Title

JASSA The FINSIA Journal of Applied Finance

Issue

Special issue

Publisher URI

https://www.finsia.com/news-hub/ajaf

Copyright Statement

© 2008 JASSA and the Author[s]. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.

Subject

Accounting, auditing and accountability

Banking, finance and investment

Finance

Publication URI

http://hdl.handle.net/10072/32291

Collection

Journal articles