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Household Vulnerability to Income Shocks in Emerging and Developing Asia : The Case of Cambodia, Nepal and Vietnam
De Stefani, Alessia; Laws, Athene; Sollaci, Alexandre - 2022
We leverage survey data from emerging and developing Asia to highlight different aspects of household vulnerability to income shocks arising from the Covid-19 pandemic: occupation in Cambodia, self-insurance mechanisms in Nepal, and financial leverage in Vietnam. Occupation and ex-ante income...
Persistent link: https://www.econbiz.de/10013291774
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Excessive Private Sector Leverage and Its Drivers : Evidence from Advanced Economies
Jarmuzek, Mariusz - 2017
Nonfinancial private sector debt increased significantly in advanced economies prior to the global financial crisis and … continued to accumulate debt. Drawing on the literature, the paper aims to provide a quantitative assessment of the gaps between … actual and sustainable levels of debt and to identify the key factors that drive excessive borrowing. Results suggest that …
Persistent link: https://www.econbiz.de/10012956484
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Analyzing the Effects of Financial and Housing Wealth on Consumption Using Micro Data
Caceres, Carlos - 2019
This paper analyzes the existence of 'wealth effects' derived from net equity (in the form of housing, financial assets, and total net worth) on consumption. The study uses longitudinal household-level data -- from the Panel Study of Income Dynamics (PSID) -- covering about 7,000-9,000...
Persistent link: https://www.econbiz.de/10012868265
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The U.S. Personal Saving Rate
Ouliaris, Sam - 2018
This paper develops a time series model for aggregate consumption to predict the U.S. personal saving rate. It then uses the model to test whether there has been a structural break in consumption behavior because of the 2008 financial crisis. Before the crisis, the personal saving rate was...
Persistent link: https://www.econbiz.de/10012913898
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Good Will Hunting : Do Disasters Make Us More Charitable?
Cevik, Serhan - 2023
Humans are usually compassionate, caring and empathetic toward others, but are we really hardwired for altruism when a disaster hits? There is evidence that people exposed to natural disasters tend to behave more philanthropically, but most studies rely on small-scale surveys and experimental...
Persistent link: https://www.econbiz.de/10014254587
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Financial Concerns and the Marginal Propensity to Consume in COVID Times : Evidence from UK Survey Data
Albuquerque, Bruno; Green, Georgina - 2022
We study how household concerns about their future financial situation may affect the marginal propensity to consume (MPC) during the COVID-19 pandemic. We use a representative survey of UK households to compute the MPC from a hypothetical transfer of £500. We find that household expectations...
Persistent link: https://www.econbiz.de/10013294801
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Far More than a Shot in the Arm : Vaccines and Consumer Spending
Cevik, Serhan - 2023
The spread of the COVID-19 pandemic and government interventions have reshaped economic activity with abrupt changes in household consumption behavior across the world. This paper provides an empirical investigation of how the COVID-19 vaccine rollout has affected consumer spending at daily...
Persistent link: https://www.econbiz.de/10014348907
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How Effective Were Job-Retention Schemes During the COVID-19 Pandemic? A Microsimulation Approach for European Countries
Lam, W. Raphael; Solovyeva, Alexandra - 2023
The COVID-19 pandemic had posed a dramatic impact on labor markets across Europe. Forceful fiscal responses have prevented an otherwise sharper contraction. Many countries introduced or expanded job-retention schemes to preserve jobs and support households. This paper uses a microsimulation...
Persistent link: https://www.econbiz.de/10014254891
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Assessing Macro-Financial Risks of Household Debt in China
Han, Fei - 2020
household debt in China. We find that rising household indebtedness could boost consumption in the short term, while reducing it … in the medium-to-long term. By stress testing households' debt repayment capacity, we find that low-income households are …
Persistent link: https://www.econbiz.de/10012843517
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What is Driving Women's Financial Inclusion Across Countries?
Deléchat, Corinne - 2018
Using a broad set of macroeconomic country characteristics to supplement a new and comprehensive micro-level dataset for 140 countries, we identify structural factors, policies, and individual characteristics that are associated with financial inclusion-in general, and for women in particular....
Persistent link: https://www.econbiz.de/10012924270