We use information from the last wave of the Spanish Survey of Households Finance to study the influence of debt on the … smaller MPC than non-indebted households. This negative association increases along with the amount of debt. We also find a …

). The HDC can order an immediate repayment or grant a debt suspension. Exploiting the random assignment of bankruptcy … filings to managers, we show that a debt suspension has a very significant and negative effect on the likelihood to re … the nature of their indebtedness. Our results imply that rather than focusing on a specific debt profile, above all a …

We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence … a collateral constraint. Over a specific range of debt levels this liquidity feedback effect is strong enough to give … entertainable belief-weightings of multiple future prices. This delivers debt-level-dependent bounds on the extent to which …

oligopolistic lenders into a heterogeneous agent, defaultable debt framework. Our model accounts for 20 to 50 percent of the spreads …

households. Using household level data on debt accumulation during 2001-2012, we show that low-income households in high …One suggested hypothesis for the dramatic rise in household borrowing that preceded the financial crisis is that low …-inequality regions accumulated less debt relative to income than their counterparts in lower-inequality regions, which negates the …

income and time prices affect time and goods inputs into this household-produced commodity. Focusing on these two years …, between which income and earnings inequality increased, allows examining how household production is affected by changing … income and time prices affect time and goods inputs into this household-produced commodity. Focusing on these two years …

We consider the possibility that demographic variables are measured with errors which arise because household surveys … measure demographic structures at a point-in-time, whereas household composition evolves throughout the survey period. We … construct and estimate sharp bounds on household size and find that the degree of these measurement errors is non …

households with children are under-insured against the risk that an adult member of the household dies. We develop a tractable …

Empirical analyses of the effects of public and private pensions on household saving impose strong assumptions in order … household wealth is crowded out by pensions? (2) Can linear regression analysis accurately estimate the magnitude of crowdout … results indicate that private pensions in the US crowd out less than $0.15 of household saving per dollar of pension wealth …