- relative to older borrowers has played a major role in easing the debt repayment burden in the presence of large income shocks … problems. However, there is also a role for equity factors. …

types of debt and financial assets held conditional on holding the different types of debt and assets. The analysis suggests … amounts of both debt (unsecured and secured) and assets (property and non-housing), even after conditioning on the probability … the household balance sheet, i.e. liabilities and assets. Additionally, we allow the influence of social interaction on …

associated with their households’ wealth holdings, (ii) different components of wealth, such as real and financial assets, as … well as debt, have differential effects on life satisfaction, (iii) both wealth levels and wealth holdings relative to …

- relative to older borrowers has played a major role in easing the debt repayment burden in the presence of large income shocks … problems. However, there is also a role for equity factors. …