An in-depth analysis of rising household indebtedness in an upper middle-income economy: the case of Mauritius

Intro -- Contents -- Preface -- Introduction -- Rationale -- Objectives -- a) Investigate the Proportion and Characteristics of Indebted and Over-Indebted Mauritian Households -- b) Examine the Income - Debt Nexus -- c) Assess the Causes of Household Indebtedness and Over-Indebtedness in Mauritius -- d) Analyze the Financial Vulnerability of Indebted Households -- Methodological Issues -- Structure of the Book -- Some Major Highlights of the Study -- The Macroeconomics of Household Indebtedness -- Introduction -- Private Consumption and Household Debt-Some Theoretical Underpinnings -- Indebtedness and Over-Indebtedness - The Empirical Evidence -- Household Indebtedness in Mauritius: The Broad Picture -- Background of the Mauritian Economy -- Private Consumption Expenditure and Consumption Patterns -- Consumption Patterns of an Average Mauritian -- Characteristics and Trend of -- Household Indebtedness -- Survey Methods and Profile -- of Respondents -- Introduction -- Research Methodology -- Sampling Design and Selection -- Sample Distribution - By Region -- Descriptive Statistics -- Individual Characteristics of the Head -- of Household -- Household Budget Characteristics -- Assets of the Households -- An Assessment of the Financial Vulnerability of -- Indebted Households -- How Common Is Household Debt? -- Sources of Indebtedness -- Purpose of Debt -- Characteristics of Families with Debts -- Over-Indebtedness of Mauritian Households -- High Debt to Income Ratio -- Arrears on Utility Bills -- Assessing the Financial Vulnerability -- of Households -- The Household Debt-Income Nexus -- Average Debt, Average Debt as a Share of Income and Debt Repayment by Income Categories -- Types of Debts by Income Quartiles -- Analysis of Types of Household Debt by Income Quartiles by Median Levels -- Causes and Consequences of Indebtedness