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Jørgensen, Thomas - 2014

register data. Results suggest that children does not affect household consumption in the same magnitude previously assumed …

Persistent link: https://www.econbiz.de/10013045082

Insuring Consumption Using Income-Linked Assets

Fuster, Andreas - 2010

Shiller (2003) and others have argued for the creation of financial instruments that allow households to insure risks associated with their lifetime labor income. In this paper, we argue that while the purpose of such assets is to smooth consumption across states of nature, one must also...

Persistent link: https://www.econbiz.de/10013147090

Household Debt, Consumption and Inequality

Bahadir, Berrak - 2019

This papers examines the potential link between household credit shocks and income inequality at the national level …

Persistent link: https://www.econbiz.de/10012863603

Revisiting the Effect of Household Size on Consumption Over the Life-Cycle

Bick, Alexander; Choi, Sekyu - 2014

Although the link between household size and consumption has strong empirical support, there is no consistent way in … deterministic changes in household size and composition affect optimal consumption decisions. We show theoretically that the …

Persistent link: https://www.econbiz.de/10014184792

Life Cycle Income and Consumption Patterns in Transition

Kolasa, Aleksandra - 2013

There is vast literature examining how households’ income and consumption change over the life cycle. These studies, however, are usually restricted to developed economies. The main objective of this paper is to add to this literature by investigating the life cycle profiles and relative...

Persistent link: https://www.econbiz.de/10014161372

Sustainable consumption and the comprehensive economic well-being of American households

Cooper, Daniel; Cynamon, Barry Z.; Fazzari, Steven M. - 2023 - This version: July 2023

This paper develops a comprehensive measure of household economic well-being. The "sustainable consumption" concept … with expenditure over a household's lifetime. Calculating sustainable consumption using Panel Study of Income Dynamics data … demonstrates that it acts as an anchor for actual household spending. Results show that following a period of rapid growth from the …

Persistent link: https://www.econbiz.de/10014322503

Risk heterogeneity and credit supply: Evidence from the mortgage market

Besley, Timothy; Meads, Neil; Surico, Paolo - 2010

This paper uses a unique data set on more than 600,000 mortgage contracts to estimate a credit supply function which allows for risk-heterogeneity. Non-linearity is modelled using quantile regressions. We propose an instrumental variable approach in which changes in the tax treatment of housing...

Persistent link: https://www.econbiz.de/10010277872

Risk Heterogeneity and Credit Supply: Evidence from the Mortgage Market

Besley, Timothy; Meads, Neil; Surico, Paolo - London School of Economics and Political Science - 2010

This paper uses a unique data set on more than 600,000 mortgagecontracts to estimate a credit supply function which allows for risk-heterogeneity. Non-linearity is modeled using quantile regressions. Wepropose an instrumental variable approach in which changes in the taxtreatment of housing...

Persistent link: https://www.econbiz.de/10009248804

Risk heterogeneity and credit supply : evidence from the mortgage market

Besley, Timothy; Meads, Neil; Surico, Paolo - 2010

Persistent link: https://www.econbiz.de/10008695862

Does it Pay to Read Your Junk Mail? Evidence of the Effect of Advertising on Home Equity Credit Choices

Agarwal, Sumit - 2008

We examine the effect of direct mail (commonly referred to as junk mail) advertising on individual financial decisions by studying consumer choice of home equity debt contracts. Consistent with the theoretical predictions, we find that financial variables underlying the relative pricing of debt...

Persistent link: https://www.econbiz.de/10012722604