addressing saving against unemployment risk in terms of changes in credit supply and households' financial wealth. Time series … negative relationship of changes in households' financial wealth and credit availability with the household propensity to save … credit availability for household consumption/saving decisions. In case of expansionary monetary policy and making credit …

There are more young adults today with either no credit history or insufficient credit history to be scored by one of … the major credit bureaus than there were before the Great Recession−a reality that is likely an unintended outcome … adults missing from credit bureau data act as a drag on state-level consumption growth. This finding seems to be driven by …

hypothesis of safe asset shortage-induced excess credit booms and financial instability. As an alternative step forward from the … safe asset demands. Based on the long-run trends of aging and government debt, I construct a new safe asset shortage index …. Using the index, consecutive empirical exercises confirm the positive relationship of safe asset shortage-credit expansion …

presence of labor income uncertainty and credit constraints. Saving in the model is affected by the gap between 'target' and … actual wealth, with the target determined by credit conditions and uncertainty. An estimated structural version of the model … suggests that increased credit availability accounts for most of the long-term saving decline, while fluctuations in wealth and …

control treatment. Varying the strength of the social orientation and prevailing credit constraints, we find that the time … path of macroeconomic time series is largely affected by the Joneses effect, while credit constraints determine their … to credit exposes already poor households to find themselves caught in a poverty trap. …

of labor income uncertainty and credit constraints. Saving in the model is affected by the gap between target and actual … wealth, with the target determined by credit conditions and uncertainty. An estimated structural version of the model … suggests that increased credit availability accounts for most of the long-term saving decline, while fluctuations in wealth and …

I design a large-scale field experiment that constructs a randomized credit limit extension isolating selection … by the third year. The effects extend to those far from the limit, those who had the new limits as available credit, and …

sustain debt. As a result, when the supply of credit increases and interest rates fall, they take on disproportionately more …The surge in credit and house prices that preceded the Great Recession was particularly pronounced in ZIP codes with a … credit. Owing to their low incomes, subprime households are constrained in their ability to meet interest payments and hence …