assets, particularly stocks. Using an instrumental variable approach and household survey data, I estimate a lower stock … market participation when the household's home equity is below the exemption level. However, I do not find a stronger …

The goal of this paper is to show that household-level financial distress (FD) varies greatly, meaning there is unequal …

Household arrears on payment obligations are one of the most direct measures of household sector financial stress. This … paper uses a time series approach to model two of the key components of aggregate UK household arrears: those on mortgages … more important in overall household debt. During this period of rapid debt accumulation, the proportion of mortgage loans …