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Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data

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NBER2014-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19850
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One suggested hypothesis for the dramatic rise in household borrowing that preceded the financial crisis is that low-income households increased their demand for credit to finance higher consumption expenditures in order to "keep up" with higher-income households. Using household level data on debt
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美国国家经济研究局
创建时间:
2014-01-01
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