We analyze the effect of import competition on household balance sheets from 2000 to 2007 using individual data on … that household debt increases significantly in regions where manufacturing industries are more exposed to import … household leverage growth, and is mostly driven by home equity extraction. Using data on individual expectations, we find that …

We analyze the effect of import competition on household balance sheets from 2000 to 2007 using individual data on … that household debt increases significantly in regions where manufacturing industries are more exposed to import … household leverage growth, and is mostly driven by home equity extraction. Using data on individual expectations, we find that …

We analyze the effect of import competition on household balance sheets from 2000 to 2007 using individual data on … differences in regions' industry specialization. We show that household debt increased significantly in regions where … explains 30 percent of the cross-regional variation in household leverage growth, and is mostly driven by home equity …

This paper proposes that globalization can affect household saving in the long run in a number of ways. Social … Nations, the OECD, and other sources, this paper finds evidence that household saving declines as globalization deepens …