Who is wealthy? This paper presents empirical estimates of household movements into and out of the top percents of the …

household earnings growth accounts for these properties, albeit not for the large volatility of credit. We find that tilting … household consumption towards goods that can be purchased on credit and a slight countercyclicality in the terms of access to …We document the cyclical properties of unsecured consumer credit (procyclical and volatile) and of consumer …

This paper adopts a novel approach to examine the roles of gender difference and intra-household economic power in …

This paper investigates the impact of uncertainty on consumer credit outcomes. We develop a local measure of economic … uncertainty capturing county-level labor market shocks. We then exploit microeconomic data on mortgages and credit-card balances … absent and the cost of mortgage credit declines, suggesting that lenders reallocate credit towards safer borrowers when …

activities than their younger counterparts. Generally, the results reveal that the household whose age is relatively small should … head of the household is the enabling factor for the household to borrow due to the financial literacy awareness one can … derive from education. The income level of the household is also considered as the determining factor of the household …