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-seeking behavior. They supply larger credit due to higher demand, but at higher rates due to greater perceived risks. The resulting …
Persistent link: https://www.econbiz.de/10012985420
This paper investigates the importance of status in household consumption and financial decisions using household data … evidence that a household's income rank — its position in the income distribution relative to its close neighbors — is … household's portfolio. More aggregate county-level evidence based on a dataset of every new car sold in each county in the …
Persistent link: https://www.econbiz.de/10013046477
This paper studies the direct impact of households' debt on consumption over the business cycle. We use household …
Persistent link: https://www.econbiz.de/10013184105
and evaluate their impact on the unconditional distribution of household income and selected inequality measures. We …
Persistent link: https://www.econbiz.de/10013033015
The collective approach to household behavior relaxes the restrictive features of the unitary model by specifying … household welfare as a weighted combination of the individuals' utilities. But the weights are assumed fixed or exogenous to the … determined and simultaneously estimated with the household outcomes. The authors present Nepalese evidence that suggests that a …
Persistent link: https://www.econbiz.de/10012748554
We estimate marginal propensities to consume from wealth shocks for Italian households. Large asset price shocks in 2008 underpin an IV estimator. A euro fall in financial or risky financial wealth resulted in cuts in annual total (non-durable) consumption of 5-9 (3.5-6) cents. There is evidence...
Persistent link: https://www.econbiz.de/10009779253
This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK …
Persistent link: https://www.econbiz.de/10009315614
We use direct evidence on credit constraints to study their importance for household consumption growth and for welfare …
Persistent link: https://www.econbiz.de/10009315706
The first part of this paper provides a brief survey of the recent literature that employs survey data on household …, namely: i) wealth effects on consumption, ii) housing prices and household indebtedness, iii) retirement income, consumption …
Persistent link: https://www.econbiz.de/10013316515
late March 2020. In this paper, we analyze household survey data on income from a representative Indian state, Punjab. We … analyze the impacts of the pandemic and lockdown on total household income, as well as its components, including wages …
Persistent link: https://www.econbiz.de/10013323310