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luxury goods. Moreover, uncertainty reduces household propensity to invest in mutual funds. These results support the notion … that macroeconomic uncertainty can impact household decisions and have large negative effects on economic outcomes …
Persistent link: https://www.econbiz.de/10013234860
luxury goods. Moreover, uncertainty reduces household propensity to invest in mutual funds. These results support the notion … that macroeconomic uncertainty can impact household decisions and have large negative effects on economic outcomes …
Persistent link: https://www.econbiz.de/10013236401
luxury goods. Moreover, uncertainty reduces household propensity to invest in mutual funds. These results support the notion … that macroeconomic uncertainty can impact household decisions and have large negative effects on economic outcomes …
Persistent link: https://www.econbiz.de/10012496179
Persistent link: https://www.econbiz.de/10014484103
Persistent link: https://www.econbiz.de/10011391768
Persistent link: https://www.econbiz.de/10012013253
unemployment increase in Spain can be traced back to the debt deleveraging needs of Spanish households. We use provincial household … debt and sectoral unemployment data and follow Mian and Sufi (2012) to isolate the effect of household debt on Spanish … unemployment. We find that the level of household sector debt in Spanish provinces in 2007 is a highly significant determinant of …
Persistent link: https://www.econbiz.de/10010341122
This paper examines whether biased income expectations due to overconfidence lead to higher levels of debt-taking. We show suggestive evidence for a link between overconfidence and borrowing behavior in a representative survey of German households (GSOEP-IS). This motivates a laboratory...
Persistent link: https://www.econbiz.de/10014468921
Persistent link: https://www.econbiz.de/10000805484
consumption volatility. A household's currently observed poverty status might therefore not be a good indicator of the household …
Persistent link: https://www.econbiz.de/10003372301