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household debt in the aspects of ‘flow effect' arising in the course of changes in household debt size and ‘stock effect …' occuring due to the level of household loans, and then, empirically analyzes the effects using the Korean time series data and … the OECD panel data.The result of empirical estimation with GMM reveals that the flow effect of household debt facilitates …
Persistent link: https://www.econbiz.de/10012965187
A life-cycle savings model was tested to analyze consumption patterns of elderly U.S. households, using the 1990 and 1991 BLS Interview Survey of Consumer Expenditures. The model implies substantial, planned decreases in consumption after retirement, regardless of income patterns. The empirical...
Persistent link: https://www.econbiz.de/10012986420
We develop a Supermultiplier model where debt-financed household autonomous consumption drives growth. However, instead … payments have on their income; and (ii) credit conditions to affect the pace of household expenditures. The model has two … equilibria, with steady state one (two) combining a lower (higher) household debt ratio with a higher (lower) growth rate. Both …
Persistent link: https://www.econbiz.de/10014030155
Persistent link: https://www.econbiz.de/10013532583
This review studies the literature on within household attitudes and behaviour vis-à-vis money, in order to understand … the implications for the wellbeing of individual household members, particularly children.Three types of studies were …' attitudes to money and analyse decision-making in terms of who manages the household's finances and who actually controls …
Persistent link: https://www.econbiz.de/10013134970
In India, the household sector contributes about 80% of Gross Domestic Savings (GDS). The sector's investments are … mutual funds. This paper makes an attempt to analyze the determinants of household portfolio, particularly the ownership of …
Persistent link: https://www.econbiz.de/10013135533
In the theory of microeconomics, in discussions related to consumer behavior, it is usually assumed that the household … acts as a decision-making unit like an individual, and for a household, a budget constraint and a utility function are … considered. As a result, only the general behavior of the household will be observable and analyzed. Since the 1980s, this method …
Persistent link: https://www.econbiz.de/10014241529
Using a life-cycle model and a representative sample of households, we analyze the extent to which using home equity leads to (heterogeneity in) welfare gains over the life cycle. The most policy-feasible option to borrow against 50% of home equity over the life cycle leads to median (average)...
Persistent link: https://www.econbiz.de/10014345518
infrastructure conditions on excess sensitivity of household consumption based on the China Family Panel Survey (CFPS) and multi … infrastructure network has a significant alleviating effect on excess sensitivity of household consumption along the route, and the … infrastructure to alleviate excess sensitivity of household consumption. This paper confirms that improving the transportation …
Persistent link: https://www.econbiz.de/10015181985
Persistent link: https://www.econbiz.de/10013328951