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This paper examines the impact of income inequality on consumption-related household indebtedness at the household … level. Using the first wave of the Eurosystem Household Finance and Consumption Survey data, the analysis sheds light on …-related household indebtedness in a small sample of countries. We further employ a multilevel regression model to also take country …
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There is a large amount of intermediated borrowing and lending between households. Some of it is intergenerational, but most is between older households. The average difference in borrowing and lending rates is over 2 percent. In this paper, we develop a model economy that displays these facts...
Persistent link: https://www.econbiz.de/10003579971
Foreign currency loans represent an important feature of recent financial developments in CEECs. This might pose a serious challenge for macroeconomic stability. Against this background, the authors study the determinants of foreign currency loans of households, using data on the behavior of...
Persistent link: https://www.econbiz.de/10009385154
We specify and estimate a lifecycle model of consumption, housing demand and labor supply in an environment where individuals may file for bankruptcy or default on their mortgage. Uncertainty in the model is driven by house price shocks, education specific productivity shocks, and catastrophic...
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This paper compares the main findings from the third wave of the Household Finance and Consumption Survey (HFCS) for … Malta with those for the euro area. This comparative report finds that in 2016 the median Maltese household held more real …
Persistent link: https://www.econbiz.de/10012253036
This article summarizes the main findings from the fourth wave of the Household Finance and Consumption Survey (HFCS …. The HFCS provides household-level data on assets, liabilities, wealth and income. As such, it plays an important role in … macro statistics. The results also provide a glimpse of the impact of the COVID-19 pandemic on household balance sheets and …
Persistent link: https://www.econbiz.de/10014296471