Endeudamiento máximo sostenible de los hogares en Chile

Antonio Lemus; Carlos Pulgar

doi:10.4067/S0718-88702023000100071

Authors

Antonio Lemus Deloitte
Carlos Pulgar Comisión para el Mercado Financiero

DOI:

https://doi.org/10.4067/S0718-88702023000100071

Keywords:

Indebtedness, methodology, thresholds

Abstract

Recent global trends show high levels of households’ indebtedness in developed and emerging economies. This paper proposes a method applicable in those economies where a household financial survey and interest rate caps exist. The method applies to the country with the most indebted households in Latin America, Chile. The results state that: (i) the same debt threshold does not apply to all households as variables such as income affect it; (ii) the debt threshold increases with households’ income level; (iii) the presence of mortgage debt increases the debt thresholds; (iv) Chilean households overindebted are more than a quarter.

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References

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