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 …

, the crisis' impact appears to have been widespread, affecting large shares of households across all age, income and … higher saving rate appears to reflect a considerable decline in household debt, with households paying down mortgage debt in …Using administrative credit report records and data collected through several special household surveys we analyze …

.S. household leverage from 2002 to 2006 and the increase in defaults from 2006 to 2008. Employing land topology-based housing … pay down high credit card balances, which suggests that borrowed funds may be used for real outlays (i.e., consumption or … home improvement). Home equity-based borrowing is stronger for younger households, households with low credit scores, and …

previous economic downturns in other countries, the Brazilian recession was preceded by a substantial increase in household … debt from 2003 to 2014. This study utilizes a novel individual level data set on household borrowing in order to provide … details of the household debt boom. The data set allows for a decomposition of the rise in household debt by the type of debt …

This chapter reviews empirical estimates of differential income and consumption growth across individuals during … recessions. Most existing studies examine the variation in income and consumption growth across individuals by sorting on ex ante … or contemporaneous income or consumption levels. We build on this literature by showing that differential shocks to …

We estimate a structural model of household liquidity management in the presence of long-term mortgages. Households … accounts for the run-up in household debt and consumption boom prior to the financial crisis, their subsequent collapse, and … face counter-cyclical idiosyncratic labor income uncertainty and borrowing constraints, which affect optimal choices of …

, including new evidence on how borrowing heterogeneity affects the distribution of the opportunity cost of consumption. I also …Borrowing decisions affect most households, with large stakes and implications for subfields as varied as … macroeconomics and industrial organization. I review theoretical and empirical work on household debt: its prevalence, level, growth …

shortly thereafter. The model combines collateral constraints on households with heterogeneity of thrift in a calibrated …Market innovations following the financial reforms of the early 1980s relaxed collateral constraints on household … collateral constraints can explain a large fraction of the actual volatility decline in hours worked, output, household debt, and …

We follow a representative panel of US borrowers to study the suspension of household debt payments (debt forbearance …. This large amount of debt relief significantly dampened the household debt distress, which can help explain household … economic activity. Relief flows more to higher income individuals than those receiving stimulus checks, partially due to their …

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 …