Narrow search
Showing 1 - 10 of 61
Cover Image
Saving on a rainy day, borrowing for a rainy day
Alan, Sule; Crossley, Thomas; Low, Hamish - 2012
The aim of this paper is to understand what a recession means for individual consumers, and to model in a life-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in the current and recent recessions. We show...
Persistent link: https://www.econbiz.de/10010331007
Cover Image
Saving on a Rainy Day, Borrowing for a Rainy Day
Alan, Sule; Crossley, Thomas; Low, Hamish - 2012
The aim of this paper is to understand what a recession means for individual consumers, and to model in a life-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in the current and recent recessions. We show...
Persistent link: https://www.econbiz.de/10010500212
Cover Image
Saving on a rainy day, borrowing for a rainy day
Alan, Sule; Crossley, Thomas F.; Low, Hamish - 2012
The aim of this paper is to understand what a recession means for individual consumers, and to model in a life-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in the current and recent recessions. We show...
Persistent link: https://www.econbiz.de/10009530241
Cover Image
Saving on a Rainy Day, Borrowing for a Rainy Day
Alan, Sule; Crossley, Thomas; Low, Hamish - İktisat Bölümü, İktisadi ve İdari Bilimler Fakültesi - 2012
The aim of this paper is to understand what a recession means for individual consumers, and to model in a life-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in the current and recent recessions. We show...
Persistent link: https://www.econbiz.de/10010548897
Cover Image
Saving on a rainy day, borrowing for a rainy day
Alan, Sule; Crossley, Thomas; Low, Hamish - Institute for Fiscal Studies (IFS) - 2012
The aim of this paper is to understand what a recession means for individual consumers, and to model in a life-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in the current and recent recessions. We show...
Persistent link: https://www.econbiz.de/10010827626
Cover Image
Household consumption through recent recessions
Crossley, Thomas F.; Low, Hamish; O'Dea, Cormac - 2011
This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK …
Persistent link: https://www.econbiz.de/10010331050
Cover Image
Do consumers gamble to convexify?
Crossley, Thomas F.; Low, Hamish; Smith, Sarah - 2011
The combination of credit constraints and indivisible consumption goods may induce some riskaverse individuals to play …
Persistent link: https://www.econbiz.de/10010275746
Cover Image
House price rises and borrowing to invest
Crossley, Thomas F.; Levell, Peter; Low, Hamish - 2024
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 …
Persistent link: https://www.econbiz.de/10014581808
Cover Image
House price rises and borrowing to invest
Crossley, Thomas; Levell, Peter; Low, Hamish - 2020
is not consumption. We propose an alternative borrow-to-invest channel by which house price gains affect household … through reducing access to leveraged returns and so reducing lifetime resources, rather than through consumption smoothing. …
Persistent link: https://www.econbiz.de/10012265332
Cover Image
House price rises and borrowing to invest
Crossley, Thomas F.; Levell, Peter; Low, Hamish - 2022
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. …
Persistent link: https://www.econbiz.de/10013479039