Is financial literacy a substitute or complement for financial advice? In this paper we analyze the decision by consumers to seek financial advice in the form of credit counseling concerning their credit and debt. Credit counseling is an important component of the consumer credit sector for...

Household finance—the normative and positive study of how households use financial markets to achieve their objectives—has gained a lot of attention over the past decade and has become a field with its own identity, style, and agenda. In this chapter we review its evolution and most recent...

Chinese Household Finance: Research Background and Conceptual Delineation -- Health status, risk attitude and Household financial investment behavior -- Housing type, financial literacy and household financial investment behavior -- The effect of mental accounting and housing wealth on household...