Studies of economic inequality almost always separately examine income, consumption,
and wealth inequality, and hence, miss the important synergy amongst the three measures …

We show that three factors combine to explain the mean magnitude of excess sensitivity
reported in studies estimating the consumption response to income changes: the use of …

This article provides an analysis of the impact of the pandemic on household liquidity
constraints using the China Household Finance Survey (CHFS) data. We find that …

A large body of literature has examined factors leading to filing for personal bankruptcy, but
little is known about household borrowing after bankruptcy. This paper augments the …

This paper estimates the causal effect of income change on reducing energy poverty by
exploiting age-based eligibility for China's New Rural Pension Scheme (NRPS) through a …

We examine how financial technology affects households in terms of personal bankruptcy by
leveraging exogenous variation in marketplace credit supply to Connecticut and New York …

Who files for bankruptcy in the United States is not well understood. Previous research relied
on small samples from surveys or a small number of states from administrative records …

Once a debtor files for bankruptcy under Chapter 7, all or some of the unsecured debts are
discharged and the debtor is endowed with a financial fresh start. However, a post …

Abstract The Permanent Income Hypothesis was first proposed by Milton Friedman in the
1950s and has been an important theory in the field of macroeconomics. According to this …

Credit Constraints and Consumer Spending Page 1 Working Paper/Document de travail
2009-25 Credit Constraints and Consumer Spending by Kimberly Beaton Page 2 2 Bank of …