Varieties of Private Household Debt in Europe: Incompatibility of Culturally Diverse Lending Regimes Between Germany and Italy?

Glassmann, Ulrich; Filsinger, Maximilian (2021). Varieties of Private Household Debt in Europe: Incompatibility of Culturally Diverse Lending Regimes Between Germany and Italy? German politics, 30(3), pp. 380-402. Routledge, Taylor & Francis Group 10.1080/09644008.2021.1877662

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This article examines the varying development of private household debt across European countries, using a mixed methods design. Quantitative analysis demonstrates that trade deficits, public debt and unemployment spending influence the volume of private debt. While this suggests a high problem load for Italian households, a comparative case study on Germany and Italy reveals that more German than Italian households end up in critical debt. This is explained by the two countries’ different cultures of lending. Italian households borrow more heavily from family and friends than German ones. Moreover, the competitive dynamic of the German growth model creates incentives for lowincome groups to borrow; to the extent this dynamic affects both countries, this translates into demand for more risky loans in Germany and economic pressure on families in Italy, ultimately limiting the compatibility of the different lending regimes.

Item Type:

Journal Article (Original Article)

Division/Institute:

03 Faculty of Business, Economics and Social Sciences > Social Sciences > Institute of Political Science

UniBE Contributor:

Filsinger, Maximilian

Subjects:

300 Social sciences, sociology & anthropology > 320 Political science

ISSN:

0964-4008

Publisher:

Routledge, Taylor & Francis Group

Funders:

Organisations 0 not found.

Language:

English

Submitter:

Maximilian Filsinger

Date Deposited:

16 Nov 2021 11:45

Last Modified:

16 Nov 2021 11:45

Publisher DOI:

10.1080/09644008.2021.1877662

BORIS DOI:

10.48350/160173

URI:

https://boris.unibe.ch/id/eprint/160173

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