Credit constraints and durable consumption: A new empirical approach

I find quantitative evidence of a significant effect for credit constraints on durable consumption during a post-deregulation consumer spending spree. The effect varied markedly across age and educational groups. Young households with low levels of education displayed high sensitivity to credit conditions. In contrast, older highly educated households were relatively immune to credit market developments.

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Year of publication:	2010
Authors:	Herrala, Risto
Publisher:	Helsinki : Bank of Finland
Subject:	durable consumption \| credit constraints \| stochastic frontier analysis

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Series:	Bank of Finland Research Discussion Papers ; 15/2010
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
ISBN:	978-952-462-615-6
Other identifiers:	63611371X [GVK] hdl:10419/212172 [Handle] RePEc:zbw:bofrdp:rdp2010_015 [RePEc]
Classification:	D12 - Consumer Economics: Empirical Analysis ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; E21 - Consumption; Saving
Source:	EconStor

Persistent link: https://www.econbiz.de/10012148103