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Precautionary borrowing and the credit card debt puzzle

Druedahl, Jeppe; Jørgensen, Casper Nordal - In: Quantitative Economics 9 (2018) 2, pp. 785-823

This paper addresses the credit card debt puzzle using a generalization of the buffer-stock consumption model with long …

Persistent link: https://www.econbiz.de/10012215345

Consumption Response to Credit Expansions: Evidence from Experimental Assignment of 45,307 Credit Lines

Aydın, Deniz - 2021

I design a large-scale field experiment that constructs a randomized credit limit extension isolating selection, anticipation, wealth, and interest rate effects and study the impulse responses on spending, contract choice, and balance sheets. Participants borrow to spend 11 cents on the dollar...

Persistent link: https://www.econbiz.de/10012436165

Did US consumers 'save for a rainy day' before the Great Recession?

Anundsen, André Kallåk; Nymoen, Ragnar - 2015

the period 1980q1-2011q4. That is, income is more often found to predict consumption and saving than the converse. Our … consumption and by exploring the direction of Granger causality between the two series. We also give evidence that house price … changes played a role in the US income and consumption dynamics, before, during and after the Great Recession. …

Persistent link: https://www.econbiz.de/10010518800

Fear of COVID-19 contagion and consumption : evidence from a survey of Italian households

Immordino, Giovanni; Jappelli, Tullio; Oliviero, Tommaso; … - In: Health economics 31 (2022) 3, pp. 496-507

Persistent link: https://www.econbiz.de/10012815752

The effect of mortgage debt on consumer spending : evidence from household-level data

Price, Fiona; Beckers, Benjamin; La Cava, Gianni - 2019

Persistent link: https://www.econbiz.de/10013262759

Perceived precautionary savings motives : evidence from FinTech

Scheuch, Christoph; D'Acunto, Francesco; Rauter, Thomas; … - In: Essays on FinTech, (pp. 75-116, 135-145). 2020

We study the spending response of first-time borrowers to an overdraft facility and elicit their preferences, beliefs, and motives through a FinTech application. Users increase their spending permanently, lower their savings rate, and reallocate spending from non-discretionary to discretionary...

Persistent link: https://www.econbiz.de/10012416105