This paper uses two decades of individual level information from Danish administrative registers to show that a 1-dollar increase in pension wealth leads to a 26-cent rise in total debt. We exploit time-sector variation in mandatory pension contribution rates to isolate the effect of pension...

This paper studies Danish non-financial firms' debt financing decisions during covid-19 with a focus on the impact of government support measures. The growth in credit from banks and mortgage banks to firms has been modest during the pandemic, and many firms reduced their debt level in the...

Several studies have found that the levels of inflation perceived by households persistently exceed observed inflation levels measured by official Consumer Price Indices. In this paper, we revisit the issue based on rich and previously unexplored household-level data from the Danish part of the...

This paper uses two decades of individual level information from Danish administrative registers to show that a 1-dollar increase in pension wealth leads to a 26-cent rise in total debt. We exploit time-sector variation in mandatory pension contribution rates to isolate the effect of pension...