engleski

Is personal over-indebtedness an important factor on the labour market?

People with serious debt problems suffer on the labour market and/or often have a characteristic of the working poor. Their financial problems reinforce socioeconomic dependency, jeopardizing their employability and lower the perspectives for unemployed persons to enter or return into the labour market. Over-indebtedness increases social exclusion and poverty and causes vulnerability. Many developed European and post- transitional countries have witnessed significant increases in personal over-indebtedness in the last few decades. This causes concern about the economic and social impact of the phenomenon, primarily because such a situation leads to a deterioration in households’ social and economic well-being. While there were relatively abundant resources on personal over-indebtedness and employability, the linker between these two factors have been relatively neglected. According to the available resources, the idea of the authors is to provide an overview about the situation in various countries regarding the link between personal over-indebtedness and the labour market.

personal over-indebtedness ; labour market ; employability ; social exclusion

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