Showing 181 - 190 of 122,713
In this paper we provide what we believe to be the first evidence on the nature of gross debt flows across consumers. We find that the aggregate dynamics in the consumer debt market are largely explained by the behavior of consumers with mortgage debt, and the behavior of such consumers is found...
Persistent link: https://www.econbiz.de/10013054151
people was not significantly different from other cohorts. Education and household size positively affect the demand for debt …There is a need to identify household debt behaviour in different age cohorts even in countries without prominent … household debt problems so that the measures for vulnerable groups can be made. Authors used multilevel mixed effect analysis to …
Persistent link: https://www.econbiz.de/10011905183
This paper offers new empirical evidence on the marginal propensity to consume out of an unanticipated liquidity shock. A Danish 2012 policy reform reduced the incentive to retire early in order to increase labour supply but at the same time the policy released a substantial amount of savings...
Persistent link: https://www.econbiz.de/10012287308
When the zero lower bound on nominal interest rate binds, monetary policy makers may lack traditional tools to stimulate aggregate demand. We investigate whether "unconventional" fiscal policy, in the form of pre-announced consumption tax changes, has the potential to meaningfully shift durables...
Persistent link: https://www.econbiz.de/10012219281
When the zero lower bound on nominal interest rate binds, monetary policy makers may lack traditional tools to stimulate aggregate demand. We investigate whether "unconventional" fiscal policy, in the form of pre-announced consumption tax changes, has the potential to meaningfully shift durables...
Persistent link: https://www.econbiz.de/10011924732
household behaviour in terms of education, health expenditure and savings. We construct a new measure of political instability …Using representative household survey data, we study the short-term microeconomic effects of the Egyptian revolution on …-in-Differences estimations show that affected households increased spending on education, especially on their sons' higher education. This can be …
Persistent link: https://www.econbiz.de/10011696512
hours, loss of sales and income of a household business, inability to travel to work, increased need to stay at home to look … after children or sick household members, higher prices and/or lack of availability of staple items, reduced access to …, the Philippines, Thailand, and Viet Nam. Our empirical results suggest that various household characteristics, including …
Persistent link: https://www.econbiz.de/10012490593
borrowing decisions in our sample, covering the urban middle-class in an emerging economy. We then test education at school … better education of the mother and encouragement to save by parents. Our findings suggest that regular formal education may …
Persistent link: https://www.econbiz.de/10010489297
, education specific productivity shocks, and catastrophic consumption events, while bankruptcy is governed by the basic … importance of the two chapters (7 and 13) for each of our two education groups that differ in both preferences and wage profiles …
Persistent link: https://www.econbiz.de/10013167646
Household Surveys. We applied both ordinary least squares and propensity score matching techniques to estimate the welfare …
Persistent link: https://www.econbiz.de/10014284778