161961 20251017144546.0 doi 10.1016/j.jempfin.2013.06.001 sideral 95399 ART-2013-95399 eng Aller Arranz, Carlos Misclassification of the dependent variable in a debt–repayment behavior context 2013 Access copy available to the general public Unrestricted This paper estimates a model of the household debt–repayment decision that accounts for the possibility of mis classification of self-reported debt–repayment status. It likewise estimates the extent of misclassification in a sample of data from different European countries. The evidence suggests that many households that are in arrears do not report this condition, so that the true level of arrears is, on average, 24% higher than that observed in our data. Furthermore, the effects on the incidence of arrears of adverse income and expense shocks are substantially greater than those predicted by estimators that ignore the possibility of misclassification. info:eu-repo/semantics/openAccess by-nc-nd https://creativecommons.org/licenses/by-nc-nd/4.0/deed.es 0.937 2013 ECONOMICS 144 / 332 = 0.434 2013 Q2 T2 BUSINESS, FINANCE 44 / 91 = 0.484 2013 Q2 T2 info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion González Chapela, Jorge (orcid)0000-0003-3550-6370 23 (2013), 162-172 JOURNAL OF EMPIRICAL FINANCE JOURNAL OF EMPIRICAL FINANCE 0927-5398 254810 http://zaguan.unizar.es/record/161961/files/texto_completo.pdf Postprint 1018024 http://zaguan.unizar.es/record/161961/files/texto_completo.jpg?subformat=icon icon Postprint oai:zaguan.unizar.es:161961 articulos driver 2025-10-17-14:09:58 ARTICLE