This paper studies the direct impact of households' debt on consumption over the business cycle. We use household … (iv) credit constraints do not play a major role in shaping the debt-consumption nexus. We conclude that, in contrast to …

between 2010 and 2014 in Belgium, using panel data from the two waves of the Household Finance and Consumption Survey. Unlike …

One suggested hypothesis for the dramatic rise in household borrowing that preceded the financial crisis is that low …-income households increased their demand for credit to finance higher consumption expenditures in order to "keep up" with higherincome … households. Using household level data on debt accumulation during 2001-2012, we show that low-income households in high …

likely to spend household resources on culture, and their joint consumption of such goods may be a potential reason for their …

.e. ignoring within-household inequality). This assessment of existing approaches to measure individual inequality and poverty is …

Some individuals borrow extensively on their credit cards. This paper tests whether present-biased time preferences … correlate with credit card borrowing. In a field study, we elicit individual time preferences with incentivized choice … experiments, and match resulting time preference measures to individual credit reports and annual tax returns. The results …

socioeconomic characteristics, housing traits, country-specific constant terms, and household unobserved heterogeneity. We attribute … part of this asymmetry to cross-country differences in the expansion of credit markets, which facilitate differential … access to liquidity. Household's reported distress is also affected by excess indebtedness relative to the debt load of …

, observed in the Household Finance and Consumption Survey (HFCS) for these countries. We then show that the heterogeneity in … household finances implies that responses of consumption to changes in the real interest rate and in house prices differ … substantially across countries, and within countries by household characteristics such as age, housing tenure, and asset positions …

overdrafts – to finance business activities. Controlling for financial and non-financial household variables we show that self …

use of credit, at the individual and household level using representative pooled cross-section data drawn from the UK … between gambling and the use of credit is remarkably stable across household income. In addition to our household level … Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling and the use of credit are shown to be positively correlated at the …