This paper examines whether relative income and income inequality within reference groups affect household consumption …. Using the explanations of consumption behavior based on Dusenberry's relative income hypothesis, we test if household … consumption levels in Turkey are affected by the household's relative position and inequality in the reference group between 2005 …

across states shows that the rise in top income shares can explain almost all of the accumulation of household debt held as a … financial asset by the household sector. Since the Great Recession, the saving glut of the rich has been financing government …

Does regional income inequality affect a household's likelihood of being indebted? This question is addressed by using … that banks may use local income inequality and a household's position in the income distribution to make inferences about … types of debt, unobserved household heterogeneity using panel data and a number of robustness checks …

This paper constitutes an initial attempt to shed light on the role of income distribution in household debt and … financial market access in Central, Eastern and Southeastern Europe (CESEE). Using household-level data from the OeNB’s Euro … this impact for almost all components of household debt, but evidence is strongest for mortgage, car and foreign currency …