across states shows that the rise in top income shares can explain almost all of the accumulation of household debt held as a … financial asset by the household sector. Since the Great Recession, the saving glut of the rich has been financing government …

, and motives through a FinTech application. Users increase their spending permanently, lower their savings rate, and … precautionary savings motives: Liquid users behave as if they faced strong precautionary savings motives even though no observables …

lead to indebted household demand, pushing down natural interest rates. Moreover, popular expansionary policies—such as …

payments though the Mortgage Holiday Scheme. Furloughed individuals significantly reduce expenditure and spend their savings to …We study how furlough affects household financial distress during the COVID-19 pandemic. Furlough increases the …, but not mortgagees who can mitigate financial distress by reducing expenditure during furlough by deferring mortgage …

We have investigated the influence of fiscal instruments, notably taxes on income and government spending, on household … consumption in two different samples and two measures of household debt to provide a comprehensive analysis of the topic. We used … government spending or reduced taxes, in the presence of high indebtedness, actually discourage household consumption compared to …

cycle. Decreasing discounting helps a canonical life-cycle model to explain the household saving puzzles of undersaving when …

households, focusing on the dramatic change of the household savings rate since 1998, from high to low savings. The literature …This paper scrutinizes the role of prolonged, expansionary monetary policy on the savings behavior of Japanese … monetary policy had a significant impact on Japan’s household behavior via the interest rate channel and the redistribution …

This paper investigates the impact of public employment on household saving rates in China using representative … household-level data. After controlling for a series of variables such as income, risk attitude, financial literacy, and … to a better understanding of Chinese household saving rates, which is of great importance given their extremely high …