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Household surveys are the source of some of the most widely studied data on consumer balance sheets, with the Survey of … research questions survey respondents' propensity and ability to report debt characteristics accurately. We compare household … debt as reported by borrowers to the SCF with household debt as reported by lenders to Equifax using the new FRBNY Consumer …
Persistent link: https://www.econbiz.de/10013119387
Household surveys are the source of some of the most widely studied data on consumer balance sheets, with the Survey of … research questions survey respondents' propensity and ability to report debt characteristics accurately. We compare household … debt as reported by borrowers to the SCF with household debt as reported by lenders to Equifax using the new FRBNY Consumer …
Persistent link: https://www.econbiz.de/10009349598
between household debt levels, financial stability risks, and the ongoing implications of the ‘debt overhang’ for economic … growth. However, accurately measuring the household debt burden remains problematic. Aggregate measures of household … indebtedness (e.?g. household liabilities relative to income) fail to fully capture the debt servicing burdens of households …
Persistent link: https://www.econbiz.de/10012507225
economics and household finance are included …
Persistent link: https://www.econbiz.de/10012962957
A unique Finnish household-level data from 1994 to 2009 allow us to measure how households' financial expectations are … related to the subsequent outcomes. We use the difference between the two to measure forecast errors and household optimism …
Persistent link: https://www.econbiz.de/10013104174
Household financial resilience is related to the availability of financial resources but also to the ability to … risks, which could affect the future financial situation of their own household (treatment) or of a household with similar … asked for their own household compared to a similar household - confirming overplacement bias in the context of financial …
Persistent link: https://www.econbiz.de/10015075031
This paper investigates whether false confidence, as characterized by a high level of personal mastery and a low level of intelligence (IQ), results in frequent investor trading and subsequent investor wealth erosion across time. Using the National Longitudinal Survey (NLSY79), change in wealth...
Persistent link: https://www.econbiz.de/10013027944
We examine experimentally the effect of complexity on individual decision making. We focus on credit choices, as they have been widely criticized for their complexity in recent years. In a first study, we find that complexity in benefits leads to random mistakes, while complexity in costs leads...
Persistent link: https://www.econbiz.de/10010427626
Persistent link: https://www.econbiz.de/10003820951
Housing prices and household borrowing are expected to be tightly connected to each other. Better availability of …, housing prices may significantly influence household borrowing through various wealth effects. Employing time series … by households. It appears that there is no similar relationship between stock price movements and household borrowing …
Persistent link: https://www.econbiz.de/10003739055