We study a government policy that restricts repayment choices with the aim of reducing credit card debt. The policy … requires the minimum payment on credit card balances in Quebec to be at least 2% of the statement balance for cards opened … policy's effects by applying a difference-in-differences methodology to comprehensive, Canadian consumer credit …

We analyze the saving motives of European households using micro-data from the Household Finance and Consumption Survey …

problems. Our results challenge the notion that young borrowers are bad credit card users. We first show that the CARD Act of … 2009 succeeded in its aim of reducing young borrowers' access to credit. We then exploit the Act to identify what types of … individuals get a credit card before age 21. Early entrants default less and are more likely to get a mortgage early. Early …

exogenously received a new credit card, without requesting one. Using random variation in the time of receipt we show that …

This paper examines whether relative income and income inequality within reference groups affect household consumption …. Using the explanations of consumption behavior based on Dusenberry's relative income hypothesis, we test if household … consumption levels in Turkey are affected by the household's relative position and inequality in the reference group between 2005 …

and second moments of inflation expectations separately affect subsequent household decisions. We document several key … encourages household job search, leading to higher subsequent employment among the unemployed and less under-employment among the …

This paper examines the relationship between the head of household’s risk tolerance and household debt in China for a … sample of 49,621 households drawn from the China Household Finance Survey, 2011, 2013, 2015 and 2017. The effect of risk … tolerance on both the decision to hold and the amount of total household debt, housing debt and non-housing debt held is …

Using individual-level credit card data from a Singapore financial institution, this paper investigates the … effectiveness of a consumer financial regulation aiming to reduce household unsecured debt accumulation. A threat of suspending all … existing unsecured credit induces the credit card revolvers to reduce their monthly credit card balance by 211 SGD (or 10 …

In this paper, we analyze the saving motives of European households using micro-data from the Household Finance and …-quarter of total household wealth in Europe provides further corroboration for this finding. …