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
Englisch
ISBN
978-952-462-615-6

Erschienen in
Series: Bank of Finland Research Discussion Papers ; No. 15/2010

Klassifikation
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
durable consumption
credit constraints
stochastic frontier analysis

Ereignis
Geistige Schöpfung
(wer)
Herrala, Risto
Ereignis
Veröffentlichung
(wer)
Bank of Finland
(wo)
Helsinki
(wann)
2010

Handle
Letzte Aktualisierung
20.09.2024, 08:24 MESZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
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Objekttyp

  • Arbeitspapier

Beteiligte

  • Herrala, Risto
  • Bank of Finland

Entstanden

  • 2010

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