During the period leading up to the recession of 2007-08, there was a large increase in household debt relative to …. It is sometimes claimed that these three developments were closely linked. In these stories, the rise in household debt … ask if this story is consistent with the empirical evidence. In particular, I ask five questions: How much household …

How does income inequality impact the propensity for and levels of formal and informal household debt? This paper … as well as a zero-inflated Poisson model are employed, and inequality is measured by a household relative deprivation … small-scale ventures and household financial security and a keeping-up effect- through hire purchase of furniture and …

This paper studies the secular increase in U.S. household debt and its relation to growing income inequality and … financial fragility. We exploit a new household-level data set that covers the joint distributions of debt, income, and wealth …