Do different types of household credit affect income growth and income inequality differently? This empirical paper … investigates this question by employing both macrolevel data and micro-level household survey data, covering the period since 1997 …. We find that the different types of household credit matter, and our contributions are twofold. First, on income growth …

During the first decade of the 21st century, the United States witnessed a dramatic rise in household debt followed by … productivity was the shock that initiated the household debt boom and bust. The credit supply view is supported by four facts …: First, from 2002 to 2005, there was an expansion of mortgage credit supply that was independent of improved economic …

located closer to the household than non-mortgage relations. Examining the heterogeneity of mortgage relations across …We examine the closeness of relationships between households and their mortgage lenders using survey data which provide …. Our analysis is based on a sample of 470 households which have a mortgage and multiple bank relations, allowing us to …

microdata from the Estonian Household Finance and Consumption Survey (HFCS) and estimates probit and Heckman models. My analysis … larger. The variables describing the household's expectations for its future financial situation are on their own related to … sociodemographic characteristics of the household. …