The increasing availability of data derived from linked consumer financial accounts has the
potential to dramatically expand the potential for research. Examining the most …

In this essay, we discuss the importance of consumption inequality in the debate concerning
the measurement of disparities in economic well-being. We summarize the advantages and …

We use sizable lottery prizes in Norwegian administrative panel data to explore how
transitory income shocks are spent and saved over time and how households' marginal …

We propose a new approach to studying the pass-through of credit expansion policies that
focuses on frictions, such as asymmetric information, that arise in the interaction between …

This chapter provides an overview of household finance. The first part summarizes key facts
regarding household financial behavior, emphasizing empirical regularities that are …

In a field experiment that constructs a randomized credit limit shock, participants borrow to
spend 11 cents on the dollar in the first quarter and 28 cents by the third year. Effects extend …

A set of newly-added questions in the 2011–2014 Bank of England/NMG Consulting Survey
reveals that British households tend to change their consumption by significantly more in …

We estimate how the marginal propensity to consume (MPC) out of liquidity varies over the
business cycle. Ten years after a Chapter 7 bankruptcy, the bankruptcy flag is removed from …

We study the spending response of first-time borrowers to an overdraft facility and elicit their
preferences, beliefs, and motives through a FinTech application. Users increase their …

Using data from the China Household Finance Survey (CHFS) in 2017, this paper examines
the association between access to online consumer credit and household consumption. We …