A Debt Puzzle
收藏NBER2000-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7879
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资源简介：
Over 60% of US households with credit cards are currently borrowing -- i.e., paying interest -- on those cards. We attempt to reconcile the high rate of credit card borrowing with observed levels of life cycle wealth accumulation. We simulate a lifecycle model with five properties that create demand
提供机构：
美国国家经济研究局
创建时间：
2000-09-01
