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Indebtedness, Over-Indebtedness and Wellbeing

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Indebtedness in Early Adulthood

Abstract

The indebtedness and possible over-indebtedness of households have attracted attention in academic research and in society at large. In this chapter, we summarize current research on indebtedness and over-indebtedness with especial emphasis on efforts and attempts to derive a more precise and applicable definition of the concept of over-indebtedness. With a more nuanced definition of the concept that can be operationalized in practice, one can more accurately estimate the societal costs of over-indebtedness. Particularly important, it makes it possible also to conduct more in-depth studies about the implications of indebtedness and over-indebtedness for the physical and psychological wellbeing of young adults. Relying on the distinction between active and passive over-indebtedness, we argue that the causality between indebtedness, over-indebtedness, and health is not necessarily unilateral.

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Authors and Affiliations

  1. School of Business, Economics and Law, University of Gothenburg, Göteborg, Sweden

    Viktor Elliot & Ted Lindblom

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  1. Viktor Elliot
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  2. Ted Lindblom
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Correspondence to Viktor Elliot .

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Editors and Affiliations

  1. School of Business, Economics and Law, University of Gothenburg, Göteborg, Sweden

    Jeanette Carlsson Hauff

  2. School of Business, Economics and Law, University of Gothenburg, Göteborg, Sweden

    Tommy Gärling

  3. School of Business, Economics and Law, University of Gothenburg, Göteborg, Sweden

    Ted Lindblom

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Elliot, V., Lindblom, T. (2019). Indebtedness, Over-Indebtedness and Wellbeing. In: Hauff, J., Gärling, T., Lindblom, T. (eds) Indebtedness in Early Adulthood. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-13996-4_2

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  • DOI: https://doi.org/10.1007/978-3-030-13996-4_2

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-030-13995-7

  • Online ISBN: 978-3-030-13996-4

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