This paper uses loan-level data from Thailand's National Credit Bureau to study household debt over the life cycle of … components that unveil the extensive and intensive margins of household indebtedness. We find a striking inverted-U life …

assets, particularly stocks. Using an instrumental variable approach and household survey data, I estimate a lower stock … market participation when the household's home equity is below the exemption level. However, I do not find a stronger …

In most countries household debt increased from the 1990s until the crisis of 2007-2008 before stabilizing due to … recession and deleveraging. However, there are national differences in household debt/GDP ratios. This paper studies the … determinants of household debt, using a 32-country dataset and taking both demand-side and supply-side factors into account. The …

Historically high household debt in several economies is calling for a deleveraging, but according to some economists …, this paper finds evidence of a negative relationship between changes of household debt-to-income ratios and saving rates … suggest that the economic cost associated with household deleveraging may be overestimated and motivate a deleveraging via …