Household Debt and Aggregate Consumption Expenditures
نویسندگان
چکیده
منابع مشابه
Household Debt and Aggregate Consumption Expenditures
This paper shows that the debt burden of households, as measured by the debt service to income ratio, is helpful in forecasting the future growth of consumption expenditures. Using data for the United States over the period 1960-97, I find a significant negative relationship between the debt-service ratio of households and future aggregate spending growth. This effect is statistically important...
متن کاملAnticipated Changes in Household Debt and Consumption
This paper evaluates how anticipated changes in household debt associated with the leveraged purchase of housing a ects consumption. I build a heterogeneous agent model, calibrated to match the distribution of income and wealth within the US economy, in which households are subject to uninsurable income shocks and can save in both liquid and illiquid assets. I show that the marginal propensity ...
متن کاملAnticipated Changes in Household Debt and Consumption
This paper evaluates how anticipated changes in household debt associated with the leveraged purchase of housing a ects consumption. I build a heterogeneous agent model, calibrated to match the distribution of income and wealth within the US economy, in which households are subject to uninsurable income shocks and can save in both liquid and illiquid assets. I show that the marginal propensity ...
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Household-level data on consumer expenditures underpins a wide range of empirical research in modern economics, spanning microand macroeconomics. This research includes work on consumption and saving, on poverty and inequality, and on risk sharing and insurance. We review different ways in which such data can be collected or captured: traditional detailed budget surveys, less onerous survey pro...
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The aim of this paper is twofold. On the one hand, we attempt to find out whether Spanish households took part in a process of substituting loans for wages during the period before the beginning of the current economic crisis. On the other hand, we try to identify the consequences of such process in the evolution of income and consumption inequalities. The theoretical framework to deal with the...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2000
ISSN: 1556-5068
DOI: 10.2139/ssrn.228496