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We examine the effect of rising U.S. house prices on borrowing and spending from 2002 to 2006. There is strong heterogeneity in the marginal propensity to borrow and spend. Households in low income zip codes aggressively liquefy home equity when house prices rise, and they increase spending...
Persistent link: https://www.econbiz.de/10013006147
We examine the effect of rising U.S. house prices on borrowing and spending from 2002 to 2006. There is strong heterogeneity in the marginal propensity to borrow and spend. Households in low income zip codes aggressively liquefy home equity when house prices rise, and they increase spending...
Persistent link: https://www.econbiz.de/10013053478
We examine the effect of rising U.S. house prices on borrowing and spending from 2002 to 2006. There is strong heterogeneity in the marginal propensity to borrow and spend. Households in low income zip codes aggressively liquefy home equity when house prices rise, and they increase spending...
Persistent link: https://www.econbiz.de/10013056728
Persistent link: https://www.econbiz.de/10010365215
Persistent link: https://www.econbiz.de/10010412336
Persistent link: https://www.econbiz.de/10003423468
This study focuses on the financialization of the U.S. household sector, featuring enhanced access to credit and ease … household income shows that the continued decline in household saving in the 1990s was broadly based and included middle …
Persistent link: https://www.econbiz.de/10009560921
Persistent link: https://www.econbiz.de/10012656979
In response to growing interest in household finance, this collection of essays with a foreword by John Y. Campbell …, studies household and consumer use of credit instruments. It shows how individual consumers and households utilize various …
Persistent link: https://www.econbiz.de/10012054218