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more households partake in mortgage finance in their entry to homeownership, and (ii) financial intensity, in which …This paper provides a comprehensive assessment of household debt dynamics in Malta between 2010 and 2020. Drawing on … the Household Finance and Consumption Survey, it argues that a process of financialisation of the household is underway on …
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Poverty is typically measured as insufficient yearly income or consumption. In practice, however, poverty is marked by seasonality, economic instability, and illiquidity across months. To capture within-year variability, we extend traditional poverty measures to include a temporal dimension....
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We set up and solve a rich life-cycle model of household decisions involving consumption of both perishable goods and … housing services, stochastic and unspanned labor income, stochastic house prices, home renting and owning, stock investments …, and portfolio constraints. The model features habit formation for housing consumption, which leads to optimal decisions …
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We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel …
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