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Household Debt: Facts, Puzzles, Theories, and Policies / Jonathan Zinman.
- Format:
- Book
- Author/Creator:
- Zinman, Jonathan.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w20496.
- NBER working paper series no. w20496
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Household Debt
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2014.
- Summary:
- Borrowing decisions affect most households, with large stakes and implications for subfields as varied as macroeconomics and industrial organization. I review theoretical and empirical work on household debt: its prevalence, level, growth, and composition, as well as various measures of consumer choice and market (in)efficiency, elasticities, and prices, including new evidence on how borrowing heterogeneity affects the distribution of the opportunity cost of consumption. I also discuss opportunities and challenges in policy evaluation. A key takeaway is that puzzles outstrip stylized facts, and I highlight numerous avenues for further research.
- Notes:
- Print version record
- September 2014.
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