across states shows that the rise in top income shares can explain almost all of the accumulation of household debt held as a … financial asset by the household sector. Since the Great Recession, the saving glut of the rich has been financing government …

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 …

.S. household leverage from 2002 to 2006 and the increase in defaults from 2006 to 2008. Employing land topology-based housing …

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 …

Mortgage cramdown enabled bankruptcy judges to discharge the underwater portion of a mortgage during Chapter 13 …

household net worth coming from elevated household debt and the collapse in house prices play an underappreciated role. Using … highlight the increasing body of macroeconomic evidence on the link between household debt and business cycles. Our main … conclusion is that housing and household debt should play a larger role in models exploring the importance of household …

We build a model of optimal fixed-rate mortgage refinancing with fixed costs and inattention and derive a new …

changes in household debt and savings during the 2007 recession. We find that while different segments of the population were … 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 …

We investigate how information processing frictions contribute to household suboptimal saving and investment behavior …. We find that 60% of open accounts in college 529 savings plans are invested suboptimally due to high expenses and tax … with household financial literacy and increases with plan document disclosure complexity. Overall, our results suggest that …

characterization of asset premia and precautionary savings effects in steady state …