Historically high household debt in several economies is calling for a deleveraging, but according to some economists …, this paper finds evidence of a negative relationship between changes of household debt-to-income ratios and saving rates … suggest that the economic cost associated with household deleveraging may be overestimated and motivate a deleveraging via …

data from the 2005 wave of the DNB Dutch Household Survey that provides us with detailed portfolio data of 257 investors …-perceptions in household financial decision-making. …