The multi‑dimensional effect of household debt on urban individual well‑being in Klang Valley Malaysia

Yunchao, Cai and Abdullah Yusof, Selamah and Mohd Amin, Ruzita and Mohd Arshad, Mohd Nahar (2021) The multi‑dimensional effect of household debt on urban individual well‑being in Klang Valley Malaysia. Social Indicators Research, 158 (1). pp. 23-44. ISSN 0303-8300 E-ISSN 1573-0921

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Abstract

Debt is beneficiary to individuals and households when their consumption can be extended with credit. However, the benefits gained from availability of credit have negative implications, and research on indebtedness has become a focus of many scholars from different fields of study. Therefore, this research sought to explore the implications of household debt on individuals’ social and economic well-being by using 407 sample data collected from the urban households in Klang Valley, Malaysia. Several regression models were applied to investigate the impact of household debt on individual’s well-being from various aspects such as economic, psychological, physical health and family relationships. The principle finding was that the impact of household debt extended beyond the economic aspect to all the other three dimensions as well. However, the analysis shows that there are differences with regard to the extent of the impact across the four aspects. The highest impact is on the psychological well-being, compared to other dimensions of well-being. Furthermore, the research also found there is a clear difference between the effect of secured loan and unsecured loan on the social and economic well-being.

Item Type:	Article (Journal)
Uncontrolled Keywords:	Household debt · Multi-dimensional Well-being · Malaysia
Subjects:	H Social Sciences > HB Economic Theory > HB71 Economics as a science H Social Sciences > HB Economic Theory > HB801 Consumption. Demand H Social Sciences > HQ The family. Marriage. Woman > HQ503 The family. Marriage. Home
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User:	Dr SELAMAH ABDULLAH YUSOF
Date Deposited:	28 Mar 2022 14:25
Last Modified:	28 Mar 2022 14:34
URI:	http://irep.iium.edu.my/id/eprint/97372

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