This article reviews the literature on international comparative household finance. It presents
summary statistics on household balance sheets for 13 developed countries and uses these …

We follow a representative panel of US borrowers to study the suspension of household
debt payments (debt forbearance) during the COVID-19 pandemic. Between March and …

Debt overhang is associated with higher financial fragility and slower recovery from
recession. However, while household credit booms have been extensively documented to …

We provide evidence of the stock market consumption wealth effect by using a local labor
market analysis. An increase in local stock wealth driven by aggregate stock prices …

Households in developing economies have greater access to formal credit today than at any
point in history, owing to the global expansion of microfinance and recent innovations in …

We examine the consequences of a sudden increase in household debt burdens by
exploiting variation in exposure to household foreign currency debt during Hungary's late …

We study the distributional consequences of student debt forgiveness in present value
terms, accounting for differences in repayment behavior across the earnings distribution. Full …

By exploiting variation in state capital gains taxation as an instrument, we analyze the
economic consequences of housing speculation during the US housing boom in the 2000s …

We empirically document two adjustment margins that are usually absent from the
predominant “bank balance sheet lending” view of financial intermediation. For the shadow …

This paper examines how housing market distress affects job search. Using data from a
leading online job search platform during the Great Recession, we find that job seekers in …