This article discusses some key results in the theoretical literature on credit market imperfections, household wealth … dynasty model, explains how a household may be caught in a poverty trap because of credit market imperfections but says little …

socioeconomic characteristics, housing traits, country-specific constant terms, and household unobserved heterogeneity. We attribute … access to liquidity. Household's reported distress is also affected by excess indebtedness relative to the debt load of …

household borrowers during a huge cycle and its aftermath yields evidence of time-varying credit policy. We find that the focus …

Do different types of household credit affect income growth and income inequality differently? This empirical paper … investigates this question by employing both macrolevel data and micro-level household survey data, covering the period since 1997 …. We find that the different types of household credit matter, and our contributions are twofold. First, on income growth …

Using a new and representative data set of Chinese household finance, this paper documents household access to and … household finance, and wealth tends to be associated with better access to formal and informal finance. Better financial … positively associated with access to informal finance. Controlling for household characteristics, rural residents pay interest …