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hitherto been boosted by historically high levels of household debt-financing. These events question the validity of … Keynesian relative income hypothesis, which claims that current income, its distribution, household borrowing, and household … alternative Keynesian theory of consumption based on the relative income hypothesis …
Persistent link: https://www.econbiz.de/10013104453
This paper investigates the household consumption behavior in Russia. The model assumes that household consumption can …
Persistent link: https://www.econbiz.de/10013073526
an innovative approach to identifying households likely in need of credit to investigate the effect on household spending …
Persistent link: https://www.econbiz.de/10012897917
This article analyses the relationship between household consumption and that in their social environment, defined as … those households that live in nearby geographical areas. The results, drawn from the Spanish Household Expenditure Survey …, reveal that, on average, approximately one-third of the non-durable goods consumption of the average Spanish household is …
Persistent link: https://www.econbiz.de/10012926302
I examine the relationship between uncertainty and private household consumption using an ex-ante survey …-based uncertainty indicator that elicits household survey questions referring to the personal household financial position, general … economic situation, unemployment, and inflation expectations, I find that (i) total private household consumption is adversely …
Persistent link: https://www.econbiz.de/10014353256
household vulnerabilities. This study analyzes the role of financial inclusion on household consumption during the pandemic … using Indonesian household data at the micro-level and analyzing differences in consumption during a pandemic and … households who receive formal financial services, especially access to household credit, reduce the chances of being vulnerable …
Persistent link: https://www.econbiz.de/10014356175
This paper examines the prevalence of disability and its effects on household consumption. The fixed effects model is … household consumption of all items, implying both short-run and long-run effects. Comparatively, disability highly hits …
Persistent link: https://www.econbiz.de/10014356955
According to the dictionary, the definition of household is “a group of persons who realistically share the same … residence and living space”. The household is not only a major economic subject along with the government and firm, but also an … important consumer in the economy. Recently, a notable change in the household structure has been an increase in the number of …
Persistent link: https://www.econbiz.de/10014235936
This paper estimates the cross-sectional distribution of Epstein-Zin preferences using the wealth and risky portfolio shares of a large panel of Swedish households. We find heterogeneous risk aversion (a standard deviation of 1.06 with a mean/median of 7.57/7.50), time preference rate (standard...
Persistent link: https://www.econbiz.de/10014236370
The 2020 Covid-19 pandemic led to a large number of studies in household finance, using new high-frequency data in … close to real time. This paper surveys household behavior during the pandemic, with a focus on consumption, government … recessions, likely due to government debt relief policies. Household investment behavior was affected by pandemic-induced changes …
Persistent link: https://www.econbiz.de/10014236482