Sergeyev, Dmitriy; Lian, Chen; Gorodnichenko, Yuriy - National Bureau of Economic Research - 2023
survey of U.S. households, we document the prevalence of financial stress in U.S. households and a strong relationship … between financial stress and measures of financial constraints. We incorporate financial stress into an otherwise standard … requires two equally important components: financial stress itself and naivete about financial stress. Specifically …