types of debt and financial assets held conditional on holding the different types of debt and assets. The analysis suggests … amounts of both debt (unsecured and secured) and assets (property and non-housing), even after conditioning on the probability … the household balance sheet, i.e. liabilities and assets. Additionally, we allow the influence of social interaction on …

unsecured debt and assets, as well as how social interaction influences the levels of unsecured debt, financial assets and net … worth held. Our findings suggest that social interaction has a positive influence upon the types of financial assets held … amount of financial assets held as well as the level of household net worth. In contrast, there appears to be no clear …