cognition intersect to play an important role in financial decision-making, and how to improve financial capacity through …

. This paper uses household-level data from the 'experiment' of German reunification that (exogenously) offered to East …-unification participation of former East and West Germans in financial products, controlling for relevant household characteristics. We vary … grew. They were more likely to use consumer debt, partly to catch up with richer new peers. We find no signs of abrupt …

consumers to seek financial advice in the form of credit counseling concerning their credit and debt. Credit counseling is an … important component of the consumer credit sector for consumers facing debt problems.We combine instrumental variable approaches …

Household finance—the normative and positive study of how households use financial markets to achieve their objectives …