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Precautionary borrowing and the credit card debt puzzle

Druedahl, Jeppe; Jørgensen, Casper Nordal - In: Quantitative Economics 9 (2018) 2, pp. 785-823

This paper addresses the credit card debt puzzle using a generalization of the buffer-stock consumption model with long-term revolving debt contracts. Closely resembling actual US credit card law, we assume that card issuers can always deny their cardholders access to new debt, but that they...

Persistent link: https://www.econbiz.de/10012215345

Risk and saving in two-person households: More scope for precautionary saving

Apps, Patricia; Andrienko, Yuri; Rees, Ray - 2012

The existing literature suggests that when the saving decision of two-earner households under risk is analysed, standard results on the existence of precautionary saving no longer apply: precautionary saving is obtained if and only if very stringent conditions hold. This paper shows that when...

Persistent link: https://www.econbiz.de/10010287608

Precautionary borrowing and the credit card debt puzzle

Druedahl, Jeppe; Jørgensen, Casper Nordal - 2015

This paper explores a rational economic explanation for the much discussed credit card debt puzzle. We set-up and simulate a generalization of the buffer-stock consumption model with longterm revolving debt contracts. In line with US credit card law, lenders can always deny households access to...

Persistent link: https://www.econbiz.de/10011390530

Precautionary borrowing and the credit card debt puzzle

Druedahl, Jeppe; Jørgensen, Casper Nordal - In: Quantitative economics : QE ; journal of the … 9 (2018) 2, pp. 785-823

This paper addresses the credit card debt puzzle using a generalization of the buffer‐stock consumption model with long‐term revolving debt contracts. Closely resembling actual US credit card law, we assume that card issuers can always deny their cardholders access to new debt, but that they...

Persistent link: https://www.econbiz.de/10011994455

Risk and Saving in Two-Person Households: More Scope for Precautionary Saving

Apps, Patricia; Andrienko, Yuri; Rees, Ray - Institute for the Study of Labor (IZA) - 2012

Persistent link: https://www.econbiz.de/10010812036

Risk and Saving in Two-Person Households: More Scope for Precautionary Saving

Apps, Patricia; Andrienko, Yuri; Rees, Ray - Research School of Economics, College of Business and … - 2012

Persistent link: https://www.econbiz.de/10011079148

Do positional goods inhibit saving? Evidence from a life-cycle experiment

Feltovich, Nick; Ejebu, Ourega-Zoé - In: Journal of Economic Behavior & Organization 107 (2014) PB, pp. 440-454

We investigate the effect of positional goods (goods for which one's consumption relative to others’ matters) on saving, based on results from a life-cycle consumption/saving experiment. In a Group treatment, we allow inter-personal comparisons by assigning subjects to groups and displaying...

Persistent link: https://www.econbiz.de/10011116860

Household Saving and Labor Informality: The Case of Chile

Schclarek, Alfredo; Caggia, Mauricio - 2015

This paper compares the saving behavior of formal and informal workers and additionally provides a socioeconomic and financial characterization of informal workers in Chile. The paper uses the Financial Household Survey conducted by the Central Bank of Chile in 2007, 2008, 2009 and 2010, which...

Persistent link: https://www.econbiz.de/10011314205

Household saving and labor informality : the case of Chile

Schclarek, Alfredo; Caggia, Mauricio - 2015

Persistent link: https://www.econbiz.de/10011290974

Demand for Complementary Financial and Technological Tools for Managing Drought Risk

Ward, Patrick; Spielman, David J.; Ortega, David; … - 2015

manage drought risk: weather index insurance and a recently released drought-tolerant rice variety. We illustrate how these … tools can independently address drought risk and demonstrate the potential for these tools to be combined in a complementary … independently and in a bundled package. Findings indicate that farmers are generally unwilling to pay for drought-tolerant rice …

Persistent link: https://www.econbiz.de/10014136573