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A bigger house at the cost of an empty fridge? The effect of households' indebtedness on their consumption: Micro-evidence using Belgian HFCS data

Du Caju, Philip; Périlleux, Guillaume; Rycx, François; … - 2021

between 2010 and 2014 in Belgium. To do so, we use panel data from the two waves of the Household Finance and Consumption …

Persistent link: https://www.econbiz.de/10012606471

Household economic prudence in Thailand

2020

theory and raised questions about household saving behaviors in the country. Using constructed pseudo-panel data sets from … the Thai Household Socioeconomic Surveys from 1992 to 2011, this paper estimates the intensity of the precautionary saving … those with a high education level exhibit high prudence, indicating the high income uncertainty faced by these groups in the …

Persistent link: https://www.econbiz.de/10012609999

The evolution of arrears among US households 1995-2013

Grant, Charles B. - In: Journal of Risk and Financial Management 14 (2021) 2, pp. 1-40

This paper looks at arrears among US households between 1995 and 2013. It uses household data from the Survey of … Consumer Finances (SCF) where arrears occur when a household reports it 'sometimes got behind or missed a payment'. The key …

Persistent link: https://www.econbiz.de/10012611601

How do mortgage rate resets affect consumer spending and debt repayment? Evidence from Canadian consumers

Kartashova, Katya; Zhou, Xiaoqing - 2020

about future interest rates. Our findings help us to understand the responses of the household sector to changes in the …

Persistent link: https://www.econbiz.de/10012619568

MPCs through COVID: Spending, saving and private transfers

Crossley, Thomas F.; Fisher, Paul; Levell, Peter; Low, … - 2020

MPCs were directly elicited from a representative sample of UK adults in July 2020. Reported MPCs are low, around 11% on average. They are higher, but still modest, for individuals in households with high current needs. These low MPCs may be a consequence of the prevailing economic uncertainty....

Persistent link: https://www.econbiz.de/10012625373

MPCs through COVID: Spending, saving and private transfers

Crossley, Thomas F.; Fisher, Paul; Levell, Peter; Low, … - 2021

MPCs were directly elicited from a representative sample of UK adults in July 2020 using receipt of a hypothetical unanticipated, one-time income payment. Reported MPCs are low, around 11% on average. They are higher, but still modest, for individuals in households with high current needs. These...

Persistent link: https://www.econbiz.de/10012625381

MPCs in an economic crisis: Spending, saving and private transfers

Crossley, Thomas F.; Fisher, Paul; Levell, Peter; Low, … - 2021

MPCs were directly elicited from a representative sample of UK adults in July 2020 using receipt of a hypothetical unanticipated, one-time income payment. Reported MPCs are modest, around 11% on average. They are higher, but still modest, for individuals in households with high current needs....

Persistent link: https://www.econbiz.de/10012625404

Wage risk and portfolio choice: The role of correlated returns

König, Johannes; Longmuir, Maximilian - 2021

From standard portfolio-choice theory it is well-understood that background risk, overwhelmingly due to wage risk, is one of the central determinants of individuals' portfolio composition: higher background risk reduces risky investments. However, if background risk is negatively correlated with...

Persistent link: https://www.econbiz.de/10012643603

Testing the Permanent Income Hypothesis using the Spanish Christmas Lottery

Cabanillas-Jiménez, Guillermo - 2021

windfall gains from the Christmas Lottery can affect household consumption behavior. We find that there is a significant …

Persistent link: https://www.econbiz.de/10012664387

Target date funds and portfolio choice in 401(k) plans

Mitchell, Olivia S.; Utkus, Stephen P. - 2021

Target date funds in corporate retirement plans grew from $5B in 2000 to $734B in 2018, partly because federal regulation sanctioned these as default investments in automatic enrollment plans. We show that adopters delegated pension investment decisions to fund managers selected by plan...

Persistent link: https://www.econbiz.de/10012669298