This paper studies the direct impact of households' debt on consumption over the business cycle. We use household …

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 …

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 …

to consume (MPCs). Our main contribution is to document how MPCs vary with household characteristics and prize size, and …

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 …

effectiveness of a consumer financial regulation aiming to reduce household unsecured debt accumulation. A threat of suspending all …