Consumer debt: Implications for consumption behavior of households in the United States

The purpose of this study was to conceptualize the effect of debt load on consumption behavior of households; specifically, it was to examine whether consumer debt load is related to total consumption expenditure and to consumption expenditure pattern. The data were taken from the 1988 Consumer Expenditure Survey. The sample consisted of 1,649 households. Total consumption expenditure was defined as total purchases in current period. Consumption expenditure pattern was defined as the relationship among budget shares allocated to fifteen consumption expenditure categories. Consumer debt load was grouped into three range, zero, low and high. Ordinary least square regression analysis was used to test the relationships between consumer debt load and consumption expenditure, taking into account income, wealth-income ratio, age of householder, education of householder, occupation of householder, race of householder, household type, household size, housing tenure, and urbanization.

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Human and Community Development

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2011

Author dc:creator

• Shim, Young

Contributors dc:contributor

• Magrabi, Frances M.

• Education, Home Economics
• Economics, General

Statement dc:rights

• Copyright 1991 Shim, Young

Language dc:language

eng

Identifier

AAI9136730
(UMI)AAI9136730

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/19719