We evaluate the impact of loan-to-value restrictions on household financial vulnerability. Using Norwegian tax data, we first document a beneficial leverage effect, in which households respond to the regulation by reducing house purchase probabilities, debt and interest expenses. Second, we...

This paper investigates how monetary expansion affects household consumption and savings through household debts. Using monetary policy cuts in China in the end of 2008 as an experiment, we find that the resulted increase in indebted households’ disposable income leads to increasing...

This paper develops a new class of poverty and inequality measures we call common prosperity. This measure complements existing classes of measures and allows decomposition across income sources or components of consumption expenditure. This framework enables us to study the trade-off between...

Using OeNB Euro Survey data from fall 2020, we will briefly address the questions: Who has been affected by the covid-19 pandemic and how severely? We will look at the results along three dimensions: (1) across main socio-economic characteristics, (2) across regions and countries, (3) across...

This paper studies the causal effect of technology transfer on early industrial development. Between 1950 and 1957, the Soviet Union supported the “156 Projects” in China for the construction of technologically advanced, large-scale, capital-intensive industrial facilities. We exploit...

Please note that the CEPR Fifth European Workshop on Household Finance will take place completely virtually via online webinars. Topics: - Patterns of asset allocation and debt behaviour over the life cycle; - Financing retirement and the demographic transition; - Consumer indebtedness, financial...

The objective of this workshop is to host presentations and foster interaction between Senior and Junior Researchers working in the area of household finance. The workshop will include state-of-the-art research on household financial behaviour and on how this is influenced by other choices,...

The objective of this workshop is to host presentations and foster interaction between Senior and Junior Researchers working in the area of household finance. The workshop will include state-of-the-art research on household financial behaviour and on how this is influenced by other choices,...

The workshop will include state-of-the-art research on household financial behavior and on how this is influenced by other choices, government policies, and the overall economic environment. We solicit papers in the following areas, but other related areas may also be considered: - Patterns of...