Gathergood, John; Weber, Jörg - In: Journal of Economic Behavior & Organization 107 (2014) PB, pp. 455-469
We use UK survey data to analyze the puzzling co-existence of high cost revolving consumer credit alongside low yield liquid savings in household balance sheets, which we name the ‘co-holding puzzle’. Approximately 12% of households in our sample co-hold, on average, £3800 of revolving...