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Interaction between housing prices and household borrowing in Finland
Oikarinen, Elias - 2008
Housing prices and household borrowing are expected to be tightly connected to each other. Better availability of …, housing prices may significantly influence household borrowing through various wealth effects. Employing time series … by households. It appears that there is no similar relationship between stock price movements and household borrowing …
Persistent link: https://www.econbiz.de/10010273080
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Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data
Coibion, Olivier; Gorodnichenko, Yuriy; Kudlyak, Marianna; … - 2014
One suggested hypothesis for the dramatic rise in household borrowing that preceded the financial crisis is that low … households. Using household level data on debt accumulation during 2001-2012, we show that low-income households in high …
Persistent link: https://www.econbiz.de/10010333254
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Costly contracts and consumer credit
Livshits, Igor; MacGee, James; Tertilt, Michèle - 2011
Financial innovations are a common explanation of the rise in consumer credit and bankruptcies. To evaluate this story, we develop a simple model that incorporates two key frictions: asymmetric information about borrowers' risk of default and a fixed cost to create each contract offered by...
Persistent link: https://www.econbiz.de/10010291903
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Do consumers choose the right credit contracts?
Agarwal, Sumit; Chomsisengphet, Souphala; Liu, Chunlin; … - 2005
A number of studies have pointed to various mistakes that consumers might make in their consumption-saving and financial decisions. We utilize a unique market experiment conducted by a large U.S. bank to assess how systematic and costly such mistakes are in practice. The bank offered consumers a...
Persistent link: https://www.econbiz.de/10010298314
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Credit cards: Facts and theories
Bertaut, Carol C.; Haliassos, Michael - 2005
We use data from several waves of the Survey of Consumer Finances to document credit and debit card ownership and use across US demographic groups. We then present recent theoretical and empirical contributions to the study of credit and debit card behavior. Utilization rates of credit lines and...
Persistent link: https://www.econbiz.de/10010298333
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Credit card debt and payment use
Sprenger, Charles; Stavins, Joanna - 2008
Approximately half of credit card holders in the United States regularly carry unpaid credit card debt. These so-called revolvers exhibit payment behavior that differs from that of those who repay their entire credit card balance every month. Previous literature has focused on the adoption of...
Persistent link: https://www.econbiz.de/10010280914
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Financialization of the U.S. household sector: The "subprime mortgage crisis" in U.S. and global perspective
Bibow, Jörg - 2010
This study focuses on the financialization of the U.S. household sector, featuring enhanced access to credit and ease … household income shows that the continued decline in household saving in the 1990s was broadly based and included middle …
Persistent link: https://www.econbiz.de/10010464410
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Consumption Smoothing and the Structure of Labor and Credit Markets
Bertola, Giuseppe; Koeniger, Winfried - 2004
Smoother labor incomes alleviate credit constraints by reducing workers' desire to borrow, and prospects of upward income mobility have smaller beneficial effects for currently poor workers when borrowing constraints are binding. These simple theoretical insights are consistent with the...
Persistent link: https://www.econbiz.de/10010261817
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Elasticities of demand for consumer credit
Karlan, Dean S.; Zinman, Jonathan - 2005
The price elasticity of demand for credit has major implications for macroeconomics, finance, and development. We present estimates of this parameter derived from a randomized trial. The experiment was implemented by a consumer microfinance lender in South Africa and identifies demand curves...
Persistent link: https://www.econbiz.de/10010274421
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Studie zu Dispozinsen / Ratenkrediten - Forschungsvorhaben zur Bereitstellung wissenschaftlicher Entscheidungshilfe für das Bundesministerium für Ernährung, Landwirtschaft und Verb...
Dick, Christian D.; Knobloch, Michael; Al-Umaray, Kerim S. - 2012
offered by the overdraft facility more frequently than the average household. From the research sample of banks covered by the …
Persistent link: https://www.econbiz.de/10010310619