as a mechanism for smoothing household consumption following negative aggregate shocks. Our results suggest that mortgage …

The paper looks into the puzzle of low household savings in three Southern European (SE3) countries – Cyprus, Greece …, and Portugal. Building on the household saving drivers literature, we employ cross-country micro-level data and … household savings in SE3 countries. Quantile regressions employed to analyze saving behavior across the distribution of …

, and total net worth) on consumption. The study uses longitudinal household-level data -- from the Panel Study of Income … wealth are closely linked to household characteristics, including income and demographic factors. Finally, underlying … structural changes in household characteristics point to potentially lower aggregate MPCs from wealth going forward …

We leverage survey data from emerging and developing Asia to highlight different aspects of household vulnerability to …

We study how household concerns about their future financial situation may affect the marginal propensity to consume … transfer of £500. We find that household expectations play a key role in determining differences in MPCs across households …

support households. This paper uses a microsimulation approach (EUROMOD) and household data to assess the effectiveness of … those schemes in stabilizing household income during the pandemic across European countries. Empirical evidence shows that …

We confirm the negative relationship between household debt and future GDP growth documented in Mian, Sufi, and Verner … relationship. First, debt overhang impairs household consumption when negative shocks hit. Second, increases in household debt … be systematically neglected due to investors' overoptimistic expectations associated with household debt booms. In …

Historically high household debt in several economies is calling for a deleveraging, but according to some economists …, this paper finds evidence of a negative relationship between changes of household debt-to-income ratios and saving rates … suggest that the economic cost associated with household deleveraging may be overestimated and motivate a deleveraging via …

The paper studies how high household leverage and crises can arise as a result of changes in the income distribution …