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analysis and k-means method), enabling to classify EU households according to the features of their indebtedness. Moreover, in … order to define the quantitative relationships between the level and structure of households’ indebtedness and the frequency …
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in consumption after 2008. First, households may have optimally adjusted to lower wealth by reducing their demand for …
Persistent link: https://www.econbiz.de/10010252065
Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry the covariance of income and loan repayments may explain higher household borrowings than in the case without default option. Under ex post information asymmetry and positive...
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This paper investigates the potentially non-linear relation between households' indebtedness and their consumption … previous studies, we find a negative effect of households' indebtedness on their consumption, even in the absence of negative …, rather than its overall sustainability, that leads households to reduce their consumption. We perform as well a threshold …
Persistent link: https://www.econbiz.de/10012486606
This paper investigates the potentially non-linear relation between households' indebtedness and their consumption … Survey. Unlike previous studies, we find a negative effect of households' indebtedness on their consumption, even in the …-to-day sustainability of the debt, rather than its overall sustainability, that leads households to reduce their consumption. To explore …
Persistent link: https://www.econbiz.de/10012437753
This paper investigates the potentially non-linear relation between households' indebtedness and their consumption … previous studies, we find a negative effect of households' indebtedness on their consumption, even in the absence of negative …, rather than its overall sustainability, that leads households to reduce their consumption. We perform as well a threshold …
Persistent link: https://www.econbiz.de/10012494203