Job Polarisation and Household Borrowing

Job Polarisation in Denmark ?

Tax Incentives for Household Saving and Borrowing

The paper reviews the literature on these tax incentives, with special focus on long-term saving, housing, and household liabilities. The paper addresses several areas of policy intervention: (1) the interest rate effect on personal saving; (2) the effect of tax incentives on long-term mandatory saving programs; (3) government programs that target saving for home purchase; (4) government progra...

The Impact of Microcredit Borrowing on Household Consumption in Bangladesh

The rapid expansion of microcredit in recent years renders knowledge of its impact on poverty critical. Unfortunately, empirical investigations have been limited by endogeneity issues. This paper suggests a strategy for handling the endogeneity of microcredit borrowing without specifying instrumental variables, allowing for estimation using observational data. The model is identified by an assu...

Borrowing and non-Borrowing among International Courts

Why do some international courts and judges extensively borrow from other international courts while others do not? Answers to this question have important implications for debates on transjudicial communication, the diffusion of international legal norms, and international judicial behavior. Judges may use external sources because they help improve decisions or because it fits their ideologica...

House Prices , Home Equity - Based Borrowing , and the U . S . Household Leverage Crisis

Using individual-level data on homeowner debt and defaults from 1997 to 2008, we show that borrowing against the increase in home equity by existing homeowners is responsible for a significant fraction of both the sharp rise in U.S. household leverage from 2002 to 2006 and the increase in defaults from 2006 to 2008. Employing land topology-based housing supply elasticity as an instrument for ho...