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 …

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 …

We investigate how information processing frictions contribute to household suboptimal saving and investment behavior … with household financial literacy and increases with plan document disclosure complexity. Overall, our results suggest that …

expectations. Extrapolative income expectations help explain state-dependent household debt cycles qualitatively and quantitatively …

We study the dynamic relationship between women's intra-household reputation and investment decisions. We consider … household investments delegated to the wife in settings where wives perceived to be savvy investors by their husbands are …---we call this the intra-household sunk cost effect. These dynamics have important implications for women's well-being as well …

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