We examine the effect of rising U.S. house prices on borrowing and spending from 2002 to 2006. There is strong heterogeneity in the marginal propensity to borrow and spend. Households in low income zi
There is ample empirical evidence documenting widespread financial illiteracy and limited pension knowledge. At the same time, the distribution of wealth is widely dispersed and many workers arrive on
Little is known about how affected residents are able to cope with the financial shock of a natural disaster. This paper investigates the impact of flooding on household finance. Spikes in credit card
Spar- und Finanzanlageverhalten privater Haushalte. Themen: 1. Derzeitige Lebenssituation: Zufriedenheit mit derGesundheit, der Arbeit, der Wohnung, dem Haushaltseinkommen und demLebensstandard (Skal
