Debt and Subjective Well-Being : Does the Type of Debt Matter?

Coste, Tristan (HES-SO Valais / Wallis, Haute école de travail social ; Université de Fribourg, Département des Sciences sociales) ; Henchoz, Caroline (HES-SO Valais / Wallis, Haute école de travail social ; Université de Fribourg, Département des Sciences sociales) ; Wernli, Boris (University of Lausanne, Swiss Centre of Expertise in the Social Sciences (FORS))

Based on longitudinal analyses of data from the Swiss Household Panel, this paper investigates the effect of different types of debt on two evaluative measures of subjective wellbeing: financial satisfaction and life satisfaction. Payment arrears reduce financial satisfaction more than loans or the accumulation of different types of debt (arrears and loans). This negative effect is stable over time. Conversely, each additional year with arrears decreases life satisfaction, confirming the overall and general negative effect of arrears on all domains of daily life, especially for the elderly.


Keywords:
Article Type:
scientifique
Faculty:
Travail social
Branch:
Travail social
School:
HETS-VS
Institute:
Institut Travail Social
Subject(s):
Travail social
Date:
2020-06
Published in:
Sciendo : Swiss Journal of Sociology
Numeration (vol. no.):
2020, Vol., Issue 3, p. 445-465
DOI:
ISSN:
2297-8348
Appears in Collection:



 Record created 2020-12-10, last modified 2020-12-10

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