S'enrichir selon ses moyens : les effets de l'endettement sur les inégalités de patrimoine au Canada de 1999 à 2012

Authors: Lizotte, Mathieu
Advisor: Langlois, SimonFleury, Charles
Abstract: The present study is on the effects of household debt on wealth inequality in Canada from 1999 to 2012. It aims to contribute to the debate that is currently taking place between two camps, those who view rising household debt as the deterioration of household finances, and those who argue that the level of household debt remains serviceable. Recognizing household debt as a phenomenon situated at the intersection of the labour market and the financial market, we sought to determine its effects on household wealth at two levels of analysis: i) the wealth distribution; and ii) socioeconomic classes. This was accomplished notably by a detailed analysis of the two principal components of wealth (assets and debts), which were decomposed according to an original classification of financial categories. The study of household finances from a stratification perspective allows us to explain precisely what the principal explanation of household debt, the lifecycle hypothesis, cannot: the reasons why the rise in household debt between 1999 and 2012 was so spectacular. The study of household debt through the prism of social inequality allows us to highlight a fact that is rarely acknowledged: wealth inequality reflects important differences in borrowing capacities. The results show that the rise in household debt observed between 1999 and 2012, as remarkable as it was, did not lead to the deterioration of household finances, but it did lead to an increase in wealth inequality between socioeconomic classes. These results invite us to view credit as a facet of modern household savings, a leading factor of inequality and a form of social exclusion.
Document Type: Thèse de doctorat
Issue Date: 2017
Open Access Date: 24 April 2018
Permalink: http://hdl.handle.net/20.500.11794/28154
Grantor: Université Laval
Collection:Thèses et mémoires

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