We extend household-level data from the Household Finance and Consumption Survey using aggregate series and micro … incomes. Household deleveraging was primarily driven by the restrained mortgage borrowing by the young. In several countries …

The fall in economic output all over Europe since 2008 has had important consequences for household liabilities. Major … growth in demand and supply for household credit products has generated an increase in household debt, which contributed to … growth rates during the pre-crisis period but – in some countries – became household-debt overhangs and helped inflate asset …

situation of an individual household. Using the data from the Household Finance and Consumption Survey and the country …