Monitoring Survey (RLMS) for 1994-2005. We analyze cross-sectional income and consumption inequality and find that inequality … shocks. The response of consumption to permanent and transitory income shocks becomes weaker later in the sample, consistent …We construct key household and individual economic variables using a panel micro data set from the Russia Longitudinal …

Analysing the US Panel Study of Income Dynamics, we present a new empirical method to investigate the extent to which … households reduce their financial risk exposure when confronted with background risk. Our novel modelling approach – termed a … category. Background risk exerts a significant impact on household portfolios, resulting in a 'flight from risk', away from …

households affected by such programs. We analyze the impact of the Texas Enterprise Zone Program on household debt and …The empirical effects of place-based tax incentive schemes designed to aid low income communities are unclear. While a … delinquency. Specifically, we utilize detailed information on all household liabilities, delinquencies, and credit scores from the …

Household debt among older Americans approaching retirement has increased dramatically over the past couple of decades …. Older households have become increasingly more indebted and more leveraged. While mortgages remain the predominant type of … debt among households in their 50s and 60s, in recent years, student loan debt has also risen among these households. Using …

We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence … confidence may drive house prices and aggregate consumption …

This paper investigates the potentially non-linear relation between households' indebtedness and their consumption … between 2010 and 2014 in Belgium, using panel data from the two waves of the Household Finance and Consumption Survey. Unlike … previous studies, we find a negative effect of households' indebtedness on their consumption, even in the absence of negative …

When facing financial distress, French households can file a case to a "households' over-indebtedness commission" (HDC …-default but that this impact is only short-lived. The effect depends not only on the characteristics of the households but also on … lending to particular fragile households. They indicate the importance of policy actions on budget counseling, as well as the …

socioeconomic characteristics, housing traits, country-specific constant terms, and household unobserved heterogeneity. We attribute …Using comparable survey data from twelve European countries we investigate households' attitudes towards mortgage … households have a mortgage outstanding relative to countries where a sizeable part of the population uses mortgage debt, like the …

-shaped. Using a panel of urban Chinese households covering 1989-2006, we document a sharp increase in income uncertainty. While the … permanent variance of household income was stable, the transitory variance rose sharply. Based on these estimates, we calibrate …China's household saving rate has increased markedly since the mid-1990s and the age-saving profile has become U …

combining data from multiple surveys, we create an integrated measure of volatility in available household resources, accounting … for fluctuations in income and out-of-pocket medical expenses, as well as financial wealth sufficient to buffer against …