Arbeitspapier
Credit constraints and durable consumption: A new empirical approach
I find quantitative evidence of a significant effect for credit constraints on durable consumption during a post-deregulation consumer spending spree. The effect varied markedly across age and educational groups. Young households with low levels of education displayed high sensitivity to credit conditions. In contrast, older highly educated households were relatively immune to credit market developments.
- Sprache
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Englisch
- ISBN
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978-952-462-615-6
- Erschienen in
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Series: Bank of Finland Research Discussion Papers ; No. 15/2010
- Klassifikation
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Wirtschaft
Consumer Economics: Empirical Analysis
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Macroeconomics: Consumption; Saving; Wealth
- Thema
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durable consumption
credit constraints
stochastic frontier analysis
- Ereignis
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Geistige Schöpfung
- (wer)
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Herrala, Risto
- Ereignis
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Veröffentlichung
- (wer)
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Bank of Finland
- (wo)
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Helsinki
- (wann)
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2010
- Handle
- Letzte Aktualisierung
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20.09.2024, 08:24 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Herrala, Risto
- Bank of Finland
Entstanden
- 2010