Credit constraints and durable consumption

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:	2010-09-19
Authors:	Herrala, Risto
Institutions:	Suomen Pankki
Subject:	durable consumption \| credit constraints \| stochastic frontier analysis

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Extent:	application/pdf
Series:	Research Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series Research Discussion Papers The price is Available online only. Number 15/2010 19 pages
Classification:	D12 - Consumer Economics: Empirical Analysis ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; E21 - Consumption; Saving
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008643871