portfolios, observed in the Household Finance and Consumption Survey (HFCS) for these countries. We then show that the … heterogeneity in household finances implies that responses of consumption to changes in the real interest rate and in house prices …

, observed in the Household Finance and Consumption Survey (HFCS) for these countries. We then show that the heterogeneity in … household finances implies that responses of consumption to changes in the real interest rate and in house prices differ … substantially across countries, and within countries by household characteristics such as age, housing tenure, and asset positions …

, observed in the Household Finance and Consumption Survey (HFCS) for these countries. We then show that the heterogeneity in … household finances implies that responses of consumption to changes in the real interest rate and in house prices differ … substantially across countries, and within countries by household characteristics such as age, housing tenure, and asset positions …

household level data for 2007 and 2009 in the United States - the Survey of Consumer Finances. We find that asset diversity …

household level data for 2007 and 2009 in the United States - the Survey of Consumer Finances. We find that asset diversity …

household level data for 2007 and 2009 in the United States – the Survey of Consumer Finances. We find that asset diversity …

regions, consistent with complementarity in spouses' leisure in the US versus substitution in spouses' household production in … Europe …

regions, consistent with complementarity in spouses' leisure in the US versus substitution in spouses' household production in … Europe …

In this paper, I conduct an international comparison of the financial health of households using data on household … wealth and indebtedness for the Group of Seven (G7) countries and show that, even though household borrowings in Japan were … the highest among the G7 countries, at least until 2000, household assets were also high in Japan, as a result of which …