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We test the interest rate sensitivity of subprime credit card borrowers using a unique panel data set from a UK credit card company. What is novel about our contribution is that we were given details of a randomized interest rate experiment conducted by the lender between October 2006 and...
Persistent link: https://www.econbiz.de/10009640638
Prior to the recession of 2008/09 household saving was extremely low in the United States. In the context of the recession the saving rate has increased by about 2 percentage points to close to 4%. Such a rise is in line with the record from previous recessions. The study argues that, this time,...
Persistent link: https://www.econbiz.de/10009641069
organisers of the conference 'Time for action — towards sustainable consumption and production in Europe'. Three sets of three … top-priority recommendations towards sustainable consumption and production (SCP) in Europe were developed at the …
Persistent link: https://www.econbiz.de/10009639022
This guide shows how a life cycle approach can be used to identify and reduce the environmental and health impacts of …
Persistent link: https://www.econbiz.de/10009640202
The consumption of goods and services in EEA member countries is a major driver of global resource use — and associated … European consumption taking place beyond Europe. Food and drink, housing, mobility and tourism are responsible for a large part … of the pressures and impacts caused by consumption in the EU. Achieving significant reductions in environmental pressures …
Persistent link: https://www.econbiz.de/10009640562
of consumption and production patterns. It begins with a review of key recent environmental trends in the region, then … production and consumption patterns. Addressing environmental challenges in a sustainable manner requires a close review of …
Persistent link: https://www.econbiz.de/10009640952
This Country Focus studies the development of private consumption in France during the decade before the crisis. Are … French consumers greater spendthrifts than their European fellows? In this paper, we estimate a consumption function to show … that strong growth of private consumption in France during the pre-crisis decade is explained by the main determinants …
Persistent link: https://www.econbiz.de/10009641052
In Germany private consumption virtually stagnated for nearly a decade and clearly lagged behind GDP growth. This … Country Focus uses the estimation of a consumption function to show that the drop in employment is the most important factor … and the expiry of the more generous depreciation rules have also held back private consumption. Since these one-offs will …
Persistent link: https://www.econbiz.de/10009641101
The health and well-being of individuals are two dimensions around which researchers and policymakers are re …-arranging the debate on how to foster the progress of societies. Health and well-being have an intrinsic value, which should be part … study the relationship of work with many health dimensions and, in the fifth EWCS, with a measure of emotional and …
Persistent link: https://www.econbiz.de/10011902497
Developments in Working Life in Europe 2014 is part of a series of annual reviews published by Eurofound and provides an overview of the latest developments in industrial relations and working conditions across the European Union and Norway. The Annual Review collates information based on...
Persistent link: https://www.econbiz.de/10011902645