consumption, aggregate wealth, and labour income should predict both stock returns and housing returns. We use quarterly data for … temporarily allow consumption to rise. Regarding housing returns, if housing assets are complementary to stocks, then investors … their consumption. …

deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for … future stock returns to be higher, they will temporarily allow consumption to rise. Regarding housing returns, if housing … substitutes consumption will be temporarily reduced. …

We study the impact of loan regulation in rural India on child labor with an overlapping-generations model of formal …

that credit and insurance markets are also more developed in the North than in the South, existing theories of consumption …In this paper we analyze the relationship between unemployment and consumption. We study this relationship with panel … smaller consumption losses in Spanish and Italian households. We discuss this finding in the light of different market and …

intensive margin. We therefore make use of the natural experiment of German Division and Reunification and, based on savings … bank customer data from German savings banks, study whether the customers of East German banks differ from their West …, individuals are willing to bear, seems to change only slowly as the portfolios of East and West German savings bank customers …

information on a firm’s credit demand, we develop a direct measurement for access to credit and provide for the first time an … empirical evaluation of these methods. We find that information on the usage of credit is not sufficient to identify financially …