This paper reviews the literature on international comparative household finance. The paper presents summary statistics … on household balance sheets for 13 developed countries, and uses these statistics to discuss common features and … contrasts across countries. The paper then discusses retirement savings, investments in risky assets, unsecured debt, and …

personal assets. In this paper, we investigate the relationship between financial literacy and household net worth, relying on … comprehensive measures of financial knowledge designed for a special module of the Dutch Central Bank Household Survey (DHS). Our … savings plan has been shown to boost wealth. Overall, financial literacy, both directly and indirectly, is found to have a …

We estimate a structural model of household liquidity management in the presence of long-term mortgages. Households … leverage, precautionary saving in liquid assets and illiquid home equity, debt repayment, mortgage refinancing, and default … accounts for the run-up in household debt and consumption boom prior to the financial crisis, their subsequent collapse, and …