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

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, th...

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Main Authors: Yunchao, Cai, Abdullah Yusof, Selamah, Mohd Amin, Ruzita, Mohd Arshad, Mohd Nahar
Format: Article
Language:English
English
Published: Springer Science and Business Media B.V. 2021
Subjects:
HB71 Economics as a science
HB801 Consumption. Demand
HQ503 The family. Marriage. Home
Online Access:http://irep.iium.edu.my/97372/7/97372_The%20multi%E2%80%91dimensional%20effect.pdf
http://irep.iium.edu.my/97372/8/97372_The%20multi%E2%80%91dimensional%20effect%20of%20household%20debt_Scopus.pdf
http://irep.iium.edu.my/97372/
http://link.springer.com/10.1007/s11205-021-02706-7
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spelling my.iium.irep.973722022-03-28T06:34:08Z http://irep.iium.edu.my/97372/ The multi‑dimensional effect of household debt on urban individual well‑being in Klang Valley Malaysia Yunchao, Cai Abdullah Yusof, Selamah Mohd Amin, Ruzita Mohd Arshad, Mohd Nahar HB71 Economics as a science HB801 Consumption. Demand HQ503 The family. Marriage. Home 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. Springer Science and Business Media B.V. 2021-11 Article PeerReviewed application/pdf en http://irep.iium.edu.my/97372/7/97372_The%20multi%E2%80%91dimensional%20effect.pdf application/pdf en http://irep.iium.edu.my/97372/8/97372_The%20multi%E2%80%91dimensional%20effect%20of%20household%20debt_Scopus.pdf 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 http://link.springer.com/10.1007/s11205-021-02706-7
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
English
topic HB71 Economics as a science
HB801 Consumption. Demand
HQ503 The family. Marriage. Home
spellingShingle HB71 Economics as a science
HB801 Consumption. Demand
HQ503 The family. Marriage. Home
Yunchao, Cai
Abdullah Yusof, Selamah
Mohd Amin, Ruzita
Mohd Arshad, Mohd Nahar
The multi‑dimensional effect of household debt on urban individual well‑being in Klang Valley Malaysia
description 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.
format Article
author Yunchao, Cai
Abdullah Yusof, Selamah
Mohd Amin, Ruzita
Mohd Arshad, Mohd Nahar
author_facet Yunchao, Cai
Abdullah Yusof, Selamah
Mohd Amin, Ruzita
Mohd Arshad, Mohd Nahar
author_sort Yunchao, Cai
title The multi‑dimensional effect of household debt on urban individual well‑being in Klang Valley Malaysia
title_short The multi‑dimensional effect of household debt on urban individual well‑being in Klang Valley Malaysia
title_full The multi‑dimensional effect of household debt on urban individual well‑being in Klang Valley Malaysia
title_fullStr The multi‑dimensional effect of household debt on urban individual well‑being in Klang Valley Malaysia
title_full_unstemmed The multi‑dimensional effect of household debt on urban individual well‑being in Klang Valley Malaysia
title_sort multi‑dimensional effect of household debt on urban individual well‑being in klang valley malaysia
publisher Springer Science and Business Media B.V.
publishDate 2021
url http://irep.iium.edu.my/97372/7/97372_The%20multi%E2%80%91dimensional%20effect.pdf
http://irep.iium.edu.my/97372/8/97372_The%20multi%E2%80%91dimensional%20effect%20of%20household%20debt_Scopus.pdf
http://irep.iium.edu.my/97372/
http://link.springer.com/10.1007/s11205-021-02706-7
_version_ 1729702924147228672
score 13.211869

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