Resumen
This research aims to show the cognitive constraints experienced by resulting from financial concerns and problems. A case study was conducted involving eight individuals living in different Colombian cities, who got into debt and faced an insolvency process. The results obtained are consistent with the theoretical-empirical framework proposed by Mullainathan and Shafir (2013), regarding the cognitive strain experienced by individuals with feeling of scarcity. This work contributes to the existing empirical literature and represents a first step toward the existence of a debt illiquidity trap that drives debtors to perpetuate their critical financial situation.
Título traducido de la contribución | Trampa de iliquidez: Los sujetos sobreendeudados y sus consecuencias cognitivas |
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Idioma original | Inglés |
Número de artículo | e2022-0445 |
Publicación | RAE Revista de Administracao de Empresas |
Volumen | 64 |
N.º | 1 |
DOI | |
Estado | Publicada - 2024 |