This paper examines whether biased income expectations due to overconfidence lead to higher levels of debt-taking. In a … lab experiment, participants can purchase goods by borrowing against their future income. We exogenously manipulate income … expectations by letting income depend on relative performance in hard and easy quiz tasks. We successfully generate biased income …

in interest income flows incurred by households after such a change. It is defined as the difference between maturing … document substantial heterogeneity across these dimensions. The median household in the euro area has a positive interest rate … remaining constant. Households in the lower end of the net wealth and income distribution, younger households and mortgagors …

harmonized data set collecting detailed information on wealth holdings, consumption and income at the household level. Since the … constraints in 15 Euro Area countries. The empirical analysis is based on the Household Finance and Consumption Survey, a new … than households living in Continental Europe. Household characteristics and institutional macroeconomic variables are …

We show that the discontinuity in the distribution of surveyed female income shares at the margin where a woman would …

-related shocks among national and transnational households using panel data from Mexico for 2002 and 2005. While the occurrence of … serious health shocks that required hospital treatment doubled the average debt burden of exposed households compared to the … control group, households with nuclear family members (a parent, child, or spouse) in the US did not increase their debts due …

Excessive household borrowing has been identified as an important determinant of financial crises. Borrower …-based instruments to be evaluated ex ante. The simulation is based on microdata from the German Panel on Household Finances (PHF) and is …-macro consistent simulation approach can be used to detect vulnerabilities in household balance sheets and perform an ex ante analysis …

syndrome. Furthermore, the analysis considers the role of two key economic variables: consumption and leisure via the standard … disposable income and a gain of leisure time - and the psychological (and cultural) notion of the lonely, sad empty nester. This … when parents become empty nesters. Importantly, this investigation also tracks what the last child leaving the household …