<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2448-6655</journal-id>
<journal-title><![CDATA[Análisis económico]]></journal-title>
<abbrev-journal-title><![CDATA[Anál. econ.]]></abbrev-journal-title>
<issn>2448-6655</issn>
<publisher>
<publisher-name><![CDATA[Universidad Autónoma Metropolitana, Unidad Azcapotzalco, División de Ciencias Sociales y Humanidades]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2448-66552025000300087</article-id>
<article-id pub-id-type="doi">10.24275/uam/azc/dcsh/ae/2025v40n105/farfan</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Overindebtedness and mortgage credit in households portfolios: a simultaneous analysis for Mexico]]></article-title>
<article-title xml:lang="es"><![CDATA[Sobreendeudamiento y crédito hipotecario en las carteras de los hogares: un análisis simultáneo para México]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Farfán Pérez]]></surname>
<given-names><![CDATA[Lianet]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Moreno Treviño]]></surname>
<given-names><![CDATA[Jorge Omar]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Autónoma de Nuevo León Centro de Investigaciones Económicas ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Autónoma de Nuevo León Facultad de Economía ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2025</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2025</year>
</pub-date>
<volume>40</volume>
<numero>105</numero>
<fpage>87</fpage>
<lpage>107</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2448-66552025000300087&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2448-66552025000300087&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2448-66552025000300087&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This paper uses a non-linear simultaneous equation approach to examine the factors driving household overindebtedness and mortgage credit tenure for Mexican households. As both variables are endogenously determined by household debt portfolio management, this approach allows the identification of the role played by variables such as income, education, household structure, and wealth. Our results suggest that, once we consider the endogeneity of both variables of interest, overindebtedness might result from Mexican households' desire to obtain a real-state asset through mortgage credit, which ones obtain is reflected in higher debt levels.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen En este trabajo se utiliza un enfoque no lineal de ecuaciones simultáneas para examinar los factores que determinan el sobreendeudamiento de los hogares y la tenencia de crédito hipotecario de los hogares mexicanos. Como ambas variables están determinadas endógenamente por la gestión de la cartera de deuda de los hogares, este enfoque permite identificar el papel que desempeñan variables como el ingreso, la educación, la estructura del hogar y la riqueza. Nuestros resultados sugieren que, una vez que consideramos la endogeneidad de ambas variables de interés, el sobreendeudamiento podría ser resultado del deseo de los hogares mexicanos de obtener un activo inmobiliario a través de un crédito hipotecario, lo que se refleja en mayores niveles de deuda.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[Overindebtedness]]></kwd>
<kwd lng="en"><![CDATA[Mortgage credit]]></kwd>
<kwd lng="en"><![CDATA[Simultaneous equations]]></kwd>
<kwd lng="en"><![CDATA[Mexican households]]></kwd>
<kwd lng="es"><![CDATA[Sobreendeudamiento]]></kwd>
<kwd lng="es"><![CDATA[Crédito hipotecario]]></kwd>
<kwd lng="es"><![CDATA[Ecuaciones simultáneas]]></kwd>
<kwd lng="es"><![CDATA[Hogares mexicanos]]></kwd>
</kwd-group>
</article-meta>
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