migrating peasants, and, consequently, has a positive effect on narrowing the rural-urban income or consumption gap. Urban labor …Relying on the present literature, official statistics, and household survey data in the People's Republic of China …

Drawing on the 2013 Household Finance and Consumption Survey (HFCS) and complementary administrative data sources, we … simulate household balance sheets at the micro level for the 2005-14 period. We use this dataset to tell the story of household … signficantly faster pace for older households, when compared with younger age groups. In contrast, we find t hat a higher …

This paper examines whether biased income expectations due to overconfidence lead to higher levels of debt-taking. In a … lab experiment, participants can purchase goods by borrowing against their future income. We exogenously manipulate income … expectations by letting income depend on relative performance in hard and easy quiz tasks. We successfully generate biased income …

. Overconfident participants scale back their consumption after income feedback. However, they remain in higher debt at the end of the …This paper examines whether biased income expectations due to overconfidence lead to higher levels of debt-taking. We … households (GSOEP-IS). This motivates a laboratory experiment to study causality behind these effects. In two experiments …