parents or other substantially older household members have emerged as youth increasingly forsake living alone or with groups …

for between one-fourth and one-third of the increase in U.S. house prices and household debt that preceded the financial …

This paper studies the secular increase in U.S. household debt and its relation to growing income inequality and … financial fragility. We exploit a new household-level data set that covers the joint distributions of debt, income, and wealth …

drove mortgage refinancing. Our findings underscore the importance of financial education for economic resilience. …

The U.S. mortgage market links homeowners with savers all over the world. In this paper, we ask how much of the flow of … mortgage servicing costs and an increased legal and regulatory burden. Taken together, the sensitivity to volume and the …

cycle cannot be accounted for by the liberalization and subsequent tightening of mortgage credit standards that occurred … the responses of borrowers and lenders roughly wash out in the aggregate. -- household debt ; house prices ; mortgages …

housing debt to housing values - what we refer to as household leverage - at the micro level. An advantage of our data is that … we are able to study the evolution of household leverage over time and across locations in the United States. We find … defaults under various adverse house price scenarios. We find that while the riskiness of the household sector has declined …