Delinquency and default in usa student debt as a proportional response to unemployment and average debt per borrower

We research the response of the proportion of student borrowers with ninety or more days of delinquency or in default to variables such as unemployment and the average debt per borrower after the financial crisis of 2007-2008, in the United States, using panel data of 50 states from 2008 to 2015. Th...
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Autor*in:	Fuinhas, José Alberto [verfasserIn] Moutinho, Victor Ferreira [verfasserIn] Silva, Estefano [verfasserIn]

Format:	E-Artikel
Sprache:	Englisch

Erschienen:	2019

Übergeordnetes Werk:	Enthalten in: Economies - Basel : MDPI, 2013, 7(2019), 4/100 vom: Dez., Seite 1-16
Übergeordnetes Werk:	volume:7 ; year:2019 ; number:4/100 ; month:12 ; pages:1-16

Links:	Link aufrufen Link aufrufen Link aufrufen Terms of use

DOI / URN:	10.3390/economies7040100

Katalog-ID:	1685420141

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allfields	10.3390/economies7040100 doi 10419/257032 hdl (DE-627)1685420141 (DE-599)KXP1685420141 DE-627 ger DE-627 rda eng I23 G21 C23 jelc Fuinhas, José Alberto verfasserin (DE-588)1201575680 (DE-627)1685462413 aut Delinquency and default in usa student debt as a proportional response to unemployment and average debt per borrower José Alberto Fuinhas, Victor Moutinho and Estefano Silva 2019 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier We research the response of the proportion of student borrowers with ninety or more days of delinquency or in default to variables such as unemployment and the average debt per borrower after the financial crisis of 2007-2008, in the United States, using panel data of 50 states from 2008 to 2015. The proportion of borrowers with delinquency or default was modelled as a function of unemployment, the average debt per borrower, consumer sentiment, and financial stress, using a logit and probit binomial model. The specification tests support that no relevant variable was omitted. Unemployment and the average debt per borrower are statistically significant and contribute to increasing delinquency or default in the 50 states of the panel sample. The results also reveal a differential impact of unemployment among the four regions considered by the US Census Bureau. Moutinho, Victor Ferreira verfasserin (DE-588)1076278388 (DE-627)834607387 (DE-576)445151153 aut Silva, Estefano verfasserin aut Enthalten in Economies Basel : MDPI, 2013 7(2019), 4/100 vom: Dez., Seite 1-16 Online-Ressource (DE-627)737287551 (DE-600)2704214-5 (DE-576)379466600 2227-7099 nnns volume:7 year:2019 number:4/100 month:12 pages:1-16 https://doi.org/10.3390/economies7040100 Resolving-System kostenfrei https://www.mdpi.com/2227-7099/7/4/100/pdf Verlag kostenfrei http://hdl.handle.net/10419/257032 Resolving-System kostenfrei https://creativecommons.org/licenses/by/4.0/ Verlag Terms of use GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_152 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2009 GBV_ILN_2014 GBV_ILN_2034 GBV_ILN_2055 GBV_ILN_2108 GBV_ILN_2111 GBV_ILN_2129 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 GBV_ILN_2403 GBV_ILN_2403 ISIL_DE-LFER AR 7 2019 4/100 12 1-16 26 01 0206 3564205209 x1k 12-12-19 2403 01 DE-LFER 3596691877 00 --%%-- --%%-- n --%%-- l01 19-02-20 2403 01 DE-LFER https://doi.org/10.3390/economies7040100 2403 01 DE-LFER https://www.mdpi.com/2227-7099/7/4/100/pdf 26 00 DE-206 56 average debt per borrower 26 00 DE-206 56 consumer sentiment 26 00 DE-206 56 financial stress 26 00 DE-206 56 fractional probit 26 00 DE-206 56 panel data 26 00 DE-206 56 student loan default 26 00 DE-206 56 unemployment
spelling	10.3390/economies7040100 doi 10419/257032 hdl (DE-627)1685420141 (DE-599)KXP1685420141 DE-627 ger DE-627 rda eng I23 G21 C23 jelc Fuinhas, José Alberto verfasserin (DE-588)1201575680 (DE-627)1685462413 aut Delinquency and default in usa student debt as a proportional response to unemployment and average debt per borrower José Alberto Fuinhas, Victor Moutinho and Estefano Silva 2019 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier We research the response of the proportion of student borrowers with ninety or more days of delinquency or in default to variables such as unemployment and the average debt per borrower after the financial crisis of 2007-2008, in the United States, using panel data of 50 states from 2008 to 2015. The proportion of borrowers with delinquency or default was modelled as a function of unemployment, the average debt per borrower, consumer sentiment, and financial stress, using a logit and probit binomial model. The specification tests support that no relevant variable was omitted. Unemployment and the average debt per borrower are statistically significant and contribute to increasing delinquency or default in the 50 states of the panel sample. The results also reveal a differential impact of unemployment among the four regions considered by the US Census Bureau. Moutinho, Victor Ferreira verfasserin (DE-588)1076278388 (DE-627)834607387 (DE-576)445151153 aut Silva, Estefano verfasserin aut Enthalten in Economies Basel : MDPI, 2013 7(2019), 4/100 vom: Dez., Seite 1-16 Online-Ressource (DE-627)737287551 (DE-600)2704214-5 (DE-576)379466600 2227-7099 nnns volume:7 year:2019 number:4/100 month:12 pages:1-16 https://doi.org/10.3390/economies7040100 Resolving-System kostenfrei https://www.mdpi.com/2227-7099/7/4/100/pdf Verlag kostenfrei http://hdl.handle.net/10419/257032 Resolving-System kostenfrei https://creativecommons.org/licenses/by/4.0/ Verlag Terms of use GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_152 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2009 GBV_ILN_2014 GBV_ILN_2034 GBV_ILN_2055 GBV_ILN_2108 GBV_ILN_2111 GBV_ILN_2129 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 GBV_ILN_2403 GBV_ILN_2403 ISIL_DE-LFER AR 7 2019 4/100 12 1-16 26 01 0206 3564205209 x1k 12-12-19 2403 01 DE-LFER 3596691877 00 --%%-- --%%-- n --%%-- l01 19-02-20 2403 01 DE-LFER https://doi.org/10.3390/economies7040100 2403 01 DE-LFER https://www.mdpi.com/2227-7099/7/4/100/pdf 26 00 DE-206 56 average debt per borrower 26 00 DE-206 56 consumer sentiment 26 00 DE-206 56 financial stress 26 00 DE-206 56 fractional probit 26 00 DE-206 56 panel data 26 00 DE-206 56 student loan default 26 00 DE-206 56 unemployment
allfields_unstemmed	10.3390/economies7040100 doi 10419/257032 hdl (DE-627)1685420141 (DE-599)KXP1685420141 DE-627 ger DE-627 rda eng I23 G21 C23 jelc Fuinhas, José Alberto verfasserin (DE-588)1201575680 (DE-627)1685462413 aut Delinquency and default in usa student debt as a proportional response to unemployment and average debt per borrower José Alberto Fuinhas, Victor Moutinho and Estefano Silva 2019 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier We research the response of the proportion of student borrowers with ninety or more days of delinquency or in default to variables such as unemployment and the average debt per borrower after the financial crisis of 2007-2008, in the United States, using panel data of 50 states from 2008 to 2015. The proportion of borrowers with delinquency or default was modelled as a function of unemployment, the average debt per borrower, consumer sentiment, and financial stress, using a logit and probit binomial model. The specification tests support that no relevant variable was omitted. Unemployment and the average debt per borrower are statistically significant and contribute to increasing delinquency or default in the 50 states of the panel sample. The results also reveal a differential impact of unemployment among the four regions considered by the US Census Bureau. Moutinho, Victor Ferreira verfasserin (DE-588)1076278388 (DE-627)834607387 (DE-576)445151153 aut Silva, Estefano verfasserin aut Enthalten in Economies Basel : MDPI, 2013 7(2019), 4/100 vom: Dez., Seite 1-16 Online-Ressource (DE-627)737287551 (DE-600)2704214-5 (DE-576)379466600 2227-7099 nnns volume:7 year:2019 number:4/100 month:12 pages:1-16 https://doi.org/10.3390/economies7040100 Resolving-System kostenfrei https://www.mdpi.com/2227-7099/7/4/100/pdf Verlag kostenfrei http://hdl.handle.net/10419/257032 Resolving-System kostenfrei https://creativecommons.org/licenses/by/4.0/ Verlag Terms of use GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_152 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2009 GBV_ILN_2014 GBV_ILN_2034 GBV_ILN_2055 GBV_ILN_2108 GBV_ILN_2111 GBV_ILN_2129 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 GBV_ILN_2403 GBV_ILN_2403 ISIL_DE-LFER AR 7 2019 4/100 12 1-16 26 01 0206 3564205209 x1k 12-12-19 2403 01 DE-LFER 3596691877 00 --%%-- --%%-- n --%%-- l01 19-02-20 2403 01 DE-LFER https://doi.org/10.3390/economies7040100 2403 01 DE-LFER https://www.mdpi.com/2227-7099/7/4/100/pdf 26 00 DE-206 56 average debt per borrower 26 00 DE-206 56 consumer sentiment 26 00 DE-206 56 financial stress 26 00 DE-206 56 fractional probit 26 00 DE-206 56 panel data 26 00 DE-206 56 student loan default 26 00 DE-206 56 unemployment
allfieldsGer	10.3390/economies7040100 doi 10419/257032 hdl (DE-627)1685420141 (DE-599)KXP1685420141 DE-627 ger DE-627 rda eng I23 G21 C23 jelc Fuinhas, José Alberto verfasserin (DE-588)1201575680 (DE-627)1685462413 aut Delinquency and default in usa student debt as a proportional response to unemployment and average debt per borrower José Alberto Fuinhas, Victor Moutinho and Estefano Silva 2019 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier We research the response of the proportion of student borrowers with ninety or more days of delinquency or in default to variables such as unemployment and the average debt per borrower after the financial crisis of 2007-2008, in the United States, using panel data of 50 states from 2008 to 2015. The proportion of borrowers with delinquency or default was modelled as a function of unemployment, the average debt per borrower, consumer sentiment, and financial stress, using a logit and probit binomial model. The specification tests support that no relevant variable was omitted. Unemployment and the average debt per borrower are statistically significant and contribute to increasing delinquency or default in the 50 states of the panel sample. The results also reveal a differential impact of unemployment among the four regions considered by the US Census Bureau. Moutinho, Victor Ferreira verfasserin (DE-588)1076278388 (DE-627)834607387 (DE-576)445151153 aut Silva, Estefano verfasserin aut Enthalten in Economies Basel : MDPI, 2013 7(2019), 4/100 vom: Dez., Seite 1-16 Online-Ressource (DE-627)737287551 (DE-600)2704214-5 (DE-576)379466600 2227-7099 nnns volume:7 year:2019 number:4/100 month:12 pages:1-16 https://doi.org/10.3390/economies7040100 Resolving-System kostenfrei https://www.mdpi.com/2227-7099/7/4/100/pdf Verlag kostenfrei http://hdl.handle.net/10419/257032 Resolving-System kostenfrei https://creativecommons.org/licenses/by/4.0/ Verlag Terms of use GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_152 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2009 GBV_ILN_2014 GBV_ILN_2034 GBV_ILN_2055 GBV_ILN_2108 GBV_ILN_2111 GBV_ILN_2129 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 GBV_ILN_2403 GBV_ILN_2403 ISIL_DE-LFER AR 7 2019 4/100 12 1-16 26 01 0206 3564205209 x1k 12-12-19 2403 01 DE-LFER 3596691877 00 --%%-- --%%-- n --%%-- l01 19-02-20 2403 01 DE-LFER https://doi.org/10.3390/economies7040100 2403 01 DE-LFER https://www.mdpi.com/2227-7099/7/4/100/pdf 26 00 DE-206 56 average debt per borrower 26 00 DE-206 56 consumer sentiment 26 00 DE-206 56 financial stress 26 00 DE-206 56 fractional probit 26 00 DE-206 56 panel data 26 00 DE-206 56 student loan default 26 00 DE-206 56 unemployment
allfieldsSound	10.3390/economies7040100 doi 10419/257032 hdl (DE-627)1685420141 (DE-599)KXP1685420141 DE-627 ger DE-627 rda eng I23 G21 C23 jelc Fuinhas, José Alberto verfasserin (DE-588)1201575680 (DE-627)1685462413 aut Delinquency and default in usa student debt as a proportional response to unemployment and average debt per borrower José Alberto Fuinhas, Victor Moutinho and Estefano Silva 2019 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier We research the response of the proportion of student borrowers with ninety or more days of delinquency or in default to variables such as unemployment and the average debt per borrower after the financial crisis of 2007-2008, in the United States, using panel data of 50 states from 2008 to 2015. The proportion of borrowers with delinquency or default was modelled as a function of unemployment, the average debt per borrower, consumer sentiment, and financial stress, using a logit and probit binomial model. The specification tests support that no relevant variable was omitted. Unemployment and the average debt per borrower are statistically significant and contribute to increasing delinquency or default in the 50 states of the panel sample. The results also reveal a differential impact of unemployment among the four regions considered by the US Census Bureau. Moutinho, Victor Ferreira verfasserin (DE-588)1076278388 (DE-627)834607387 (DE-576)445151153 aut Silva, Estefano verfasserin aut Enthalten in Economies Basel : MDPI, 2013 7(2019), 4/100 vom: Dez., Seite 1-16 Online-Ressource (DE-627)737287551 (DE-600)2704214-5 (DE-576)379466600 2227-7099 nnns volume:7 year:2019 number:4/100 month:12 pages:1-16 https://doi.org/10.3390/economies7040100 Resolving-System kostenfrei https://www.mdpi.com/2227-7099/7/4/100/pdf Verlag kostenfrei http://hdl.handle.net/10419/257032 Resolving-System kostenfrei https://creativecommons.org/licenses/by/4.0/ Verlag Terms of use GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_39 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_63 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_95 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_152 GBV_ILN_161 GBV_ILN_206 GBV_ILN_213 GBV_ILN_230 GBV_ILN_285 GBV_ILN_293 GBV_ILN_370 GBV_ILN_602 GBV_ILN_2009 GBV_ILN_2014 GBV_ILN_2034 GBV_ILN_2055 GBV_ILN_2108 GBV_ILN_2111 GBV_ILN_2129 GBV_ILN_4012 GBV_ILN_4037 GBV_ILN_4046 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4126 GBV_ILN_4249 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4335 GBV_ILN_4338 GBV_ILN_4367 GBV_ILN_4700 GBV_ILN_2403 GBV_ILN_2403 ISIL_DE-LFER AR 7 2019 4/100 12 1-16 26 01 0206 3564205209 x1k 12-12-19 2403 01 DE-LFER 3596691877 00 --%%-- --%%-- n --%%-- l01 19-02-20 2403 01 DE-LFER https://doi.org/10.3390/economies7040100 2403 01 DE-LFER https://www.mdpi.com/2227-7099/7/4/100/pdf 26 00 DE-206 56 average debt per borrower 26 00 DE-206 56 consumer sentiment 26 00 DE-206 56 financial stress 26 00 DE-206 56 fractional probit 26 00 DE-206 56 panel data 26 00 DE-206 56 student loan default 26 00 DE-206 56 unemployment
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source	Enthalten in Economies 7(2019), 4/100 vom: Dez., Seite 1-16 volume:7 year:2019 number:4/100 month:12 pages:1-16
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container_title	Economies
authorswithroles_txt_mv	Fuinhas, José Alberto @@aut@@ Moutinho, Victor Ferreira @@aut@@ Silva, Estefano @@aut@@
publishDateDaySort_date	2019-12-01T00:00:00Z
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topic	jelc I23 26 average debt per borrower 26 consumer sentiment 26 financial stress 26 fractional probit 26 panel data 26 student loan default 26 unemployment
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title	Delinquency and default in usa student debt as a proportional response to unemployment and average debt per borrower
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title_full	Delinquency and default in usa student debt as a proportional response to unemployment and average debt per borrower José Alberto Fuinhas, Victor Moutinho and Estefano Silva
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title_sort	delinquency and default in usa student debt as a proportional response to unemployment and average debt per borrower
title_auth	Delinquency and default in usa student debt as a proportional response to unemployment and average debt per borrower
abstract	We research the response of the proportion of student borrowers with ninety or more days of delinquency or in default to variables such as unemployment and the average debt per borrower after the financial crisis of 2007-2008, in the United States, using panel data of 50 states from 2008 to 2015. The proportion of borrowers with delinquency or default was modelled as a function of unemployment, the average debt per borrower, consumer sentiment, and financial stress, using a logit and probit binomial model. The specification tests support that no relevant variable was omitted. Unemployment and the average debt per borrower are statistically significant and contribute to increasing delinquency or default in the 50 states of the panel sample. The results also reveal a differential impact of unemployment among the four regions considered by the US Census Bureau.
abstractGer	We research the response of the proportion of student borrowers with ninety or more days of delinquency or in default to variables such as unemployment and the average debt per borrower after the financial crisis of 2007-2008, in the United States, using panel data of 50 states from 2008 to 2015. The proportion of borrowers with delinquency or default was modelled as a function of unemployment, the average debt per borrower, consumer sentiment, and financial stress, using a logit and probit binomial model. The specification tests support that no relevant variable was omitted. Unemployment and the average debt per borrower are statistically significant and contribute to increasing delinquency or default in the 50 states of the panel sample. The results also reveal a differential impact of unemployment among the four regions considered by the US Census Bureau.
abstract_unstemmed	We research the response of the proportion of student borrowers with ninety or more days of delinquency or in default to variables such as unemployment and the average debt per borrower after the financial crisis of 2007-2008, in the United States, using panel data of 50 states from 2008 to 2015. The proportion of borrowers with delinquency or default was modelled as a function of unemployment, the average debt per borrower, consumer sentiment, and financial stress, using a logit and probit binomial model. The specification tests support that no relevant variable was omitted. Unemployment and the average debt per borrower are statistically significant and contribute to increasing delinquency or default in the 50 states of the panel sample. The results also reveal a differential impact of unemployment among the four regions considered by the US Census Bureau.
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title_short	Delinquency and default in usa student debt as a proportional response to unemployment and average debt per borrower
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Delinquency and default in usa student debt as a proportional response to unemployment and average debt per borrower

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