Using Danish household level data, we find that a relatively large share of total interest-only mortgage debt is held by families with few liquid assets and high loan to value ratios. This may arise because families with interest-only loans do not fully use the lower instalments to increase...

Microfinance programs have become increasingly popular instruments in development policy. Many microfinance programs are supported or subsidized by donors, a fact which calls for detailed analyses of their impacts in order to inform policymakers allocating a limited budget. Fertility reduction...

This paper uses two decades of individual level information from Danish administrative registers to show that a 1-dollar increase in pension wealth leads to a 26-cent rise in total debt. We exploit time-sector variation in mandatory pension contribution rates to isolate the effect of pension...

We explore the consistency at household-level between register-imputed and survey-based consumption figures for Denmark over the period 2002-15. Furthermore, we analyse the differences between consumption functions estimated on the basis of the two types of microdata. We find that there is a...

We have estimated a new measure of pension wealth gains, covering the working-age population in Denmark during 2015-2022, in collaboration with Statistics Denmark. By linking this new data to the existing income and tax registers at the individual level, we provide a full picture of net...