The combination of credit constraints and indivisible consumption goods may induce some risk-averse individuals to …

The combination of credit constraints and indivisible consumption goods may induce some riskaverse individuals to play … convexify their budget set. -- Gambling ; Lotteries ; Consumption ; Durables …

The combination of credit constraints and indivisible consumption goods may induce some risk-averse individuals to …

is not consumption. We propose an alternative borrow-to-invest motive by which house price gains affect household … reducing access to leveraged returns and so reducing lifetime resources, rather than through consumption smoothing. …

is not consumption. We propose a borrow-to-invest motive by which house price gains affect household spending on …, rather than through consumption smoothing. We test this motive by comparing responses in different categories of spending …

The combination of credit constraints and indivisible consumption goods may induce some riskaverse individuals to play …

This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK …