Dynan, Karen E.; Kohn, Donald L. - 2007
broader economy.
Factors Influencing Household Debt
In a world with no borrowing constraints, households choose a path …. If incomes rise over
time until retirement, as they typically do, households in this constraint-free world tend to … this world, households’ desire to take on debt can increase for a number of reasons.
1
Households may become less …