The overspent Singaporean : does financial literacy or self-control better explain over-indebtedness better? Evidence from highly indebted borrowers in Singapore

• Main Authors: Tiong, Ting En, Salle, Edouard Sin-Rong, Zhong, Yangzhi
• Other Authors: Walter Edgar Theseira
• Format: Final Year Project
• Language: English
• Published: 2016
• Subjects: DRNTU::Social sciences::Economic theory::Microeconomics
• Online Access: http://hdl.handle.net/10356/66918
• Institution: Nanyang Technological University

We analyse a sample of over-indebted individuals in Singapore to find out how financial literacy and self-control affects debt load. In this paper, we measured financial literacy using questions that test basic financial concepts as well as how respondents applied debt repayment strategies. Self-...