types of debt and financial assets held conditional on holding the different types of debt and assets. The analysis suggests … amounts of both debt (unsecured and secured) and assets (property and non-housing), even after conditioning on the probability … the household balance sheet, i.e. liabilities and assets. Additionally, we allow the influence of social interaction on …

More than three-quarters of U.S. households bear consumer debt, yet we have little understanding of the relationship … between financial education and the debt behavior of U.S. consumers. In this paper, we study the effects of exposure to … financial training on debt outcomes in early adulthood. Identification comes from variation in financial literacy, economics …

This study analyzes the effect of individual finances (specifically creditworthiness and severely delinquent debt) on … is utilized in an instrumental variables design. The possibility of the reverse causality of bad health causing debt and … 2005 residence. Worsening creditworthiness and increases in severely delinquent debt are found to lead to increases in …

head in the 50-59 age group) in Japan do not have inordinate amounts of debt and that their financial health is … satisfactory. However, we also find that households with a head in the 30-39 age group have shown a sharp increase in debt holdings …

We use information from the last wave of the Spanish Survey of Households Finance to study the influence of debt on the … smaller MPC than non-indebted households. This negative association increases along with the amount of debt. We also find a …

the determinants of household debt holding and to investigate whether or not credit constraints are important for … household debt holding. We extend the existing literature in important ways. First, we present comparative evidence for four … settings for debt incidence, debt outstanding and credit constraints. We also explore the implications for debt holding from …

This report summarises key stylised facts from the Household Finance and Consumption Survey (HFCS) about assets and …

household assets and liabilities, income, and indicators of consumption and credit constraints. …

I explain the credit card debt puzzle – the co-holding of high-cost debt and low-yield liquid assets – with a household … and individual determinant that lower debt repayments. At the household level, co-holding is consistent with intra … option to reduce high-cost debt. At the individual level, anchoring contributes to co-holding, because credit card debt …

the politically charged claims being that the high interest rates on payday loans trap consumers in a “cycle of debt.” We … on payday loans are not the cause of a “cycle of debt.” …