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the age structure of the population on the saving rate, the saving behavior of retired households, saving motives, the …
Persistent link: https://www.econbiz.de/10012430036
This paper investigates the potentially non-linear relation between households' indebtedness and their consumption … previous studies, we find a negative effect of households' indebtedness on their consumption, even in the absence of negative …, rather than its overall sustainability, that leads households to reduce their consumption. We perform as well a threshold …
Persistent link: https://www.econbiz.de/10012489274
This paper investigates the potentially non-linear relation between households' indebtedness and their consumption … previous studies, we find a negative effect of households' indebtedness on their consumption, even in the absence of negative …, rather than its overall sustainability, that leads households to reduce their consumption. We perform as well a threshold …
Persistent link: https://www.econbiz.de/10012597339
in consumption after 2008. First, households may have optimally adjusted to lower wealth by reducing their demand for …
Persistent link: https://www.econbiz.de/10010252065
We analyse how money as a store of value affects the decisions of a representative household under diversifiable and non-diversifiable risks. given that the central bank successfully stabilizes the rate of inflation at a low level. Assuming exponential utility allows us to derive an explicit...
Persistent link: https://www.econbiz.de/10010426370
In this paper, we attempt to shed light on whether Japanese households are rational or if their behavior is influenced …
Persistent link: https://www.econbiz.de/10011478422
This paper investigates the potentially non-linear relation between households' indebtedness and their consumption … previous studies, we find a negative effect of households' indebtedness on their consumption, even in the absence of negative …, rather than its overall sustainability, that leads households to reduce their consumption. We perform as well a threshold …
Persistent link: https://www.econbiz.de/10012486606
This paper investigates the potentially non-linear relation between households' indebtedness and their consumption … Survey. Unlike previous studies, we find a negative effect of households' indebtedness on their consumption, even in the …-to-day sustainability of the debt, rather than its overall sustainability, that leads households to reduce their consumption. To explore …
Persistent link: https://www.econbiz.de/10012437753
This paper investigates the potentially non-linear relation between households' indebtedness and their consumption … previous studies, we find a negative effect of households' indebtedness on their consumption, even in the absence of negative …, rather than its overall sustainability, that leads households to reduce their consumption. We perform as well a threshold …
Persistent link: https://www.econbiz.de/10012494203
This paper studies consumption and savings decisions of Danish households before and during the financial crisis as … increasing housing wealth over one year to be around 4-6 per cent. Younger and more levered households have a larger MPC out of … housing wealth, suggesting that collateral effects may play a role. The MPC is asymmetric; households adjust their consumption …
Persistent link: https://www.econbiz.de/10011696538