Household-Finance

Fan Liang

Layer 1: Overview This paper asks why small firms hold large quantities of liquid assets — cash and cash equivalents that earn low or negative real returns — even when external credit is available. …

Marc K Chan (University of Melbourne · Tax and Transfer Policy Institute); Cain Polidano (University of Melbourne · TTPI · ARC Centre of Excellence for Children and Families Over the LifeCourse); Ha Vu (Deakin University · TTPI); Roger Wilkins (University of Melbourne · TTPI · IZA); Andrew Carter (Australian Taxation Office); Hang To (Australian Taxation Office)

Layer 1: Overview Governments across ten-plus countries — including Australia, the United States, Germany, and New Zealand — have introduced matching schemes to encourage low- and middle-income …

Peyman Firouzi Naeim · David W Johnston · Maryam Naghsh-Nejad

Layer 1: Overview This paper examines how workplace environments shape the economic consequences that fall on mothers — but not fathers — when a child is diagnosed with cancer. The motivation is a gap …

Eugene Tan

Layer 1: Overview This paper investigates how the illiquidity of entrepreneurial capital shapes investment dynamics and wealth inequality. The central question is whether entrepreneurship drives …

Nezih Guner · Christopher Rauh · Gustavo Ventura

Layer 1: Overview Guner, Rauh, and Ventura document the scope, generosity, distributional impact, and time evolution of means-tested transfers to working-age US households, and provide parametric …

Salomon Garcia-Villegas

Layer 1: Overview This paper develops a quantitative general equilibrium model of the U.S. housing finance system that jointly determines mortgage credit and mortgage-backed security (MBS) issuance, …

Heejeong Kim · Jung Hwan Kim

Layer 1: Overview U.S. outstanding student debt rose roughly 20-fold, from about $50 billion in 1985 to nearly $1 trillion in 2014 (about 7% of GDP), making it the second-largest form of household …

Jung Sakong

Layer 1: Overview Research question and motivation: Wealth in the US is far more concentrated than income, even among the bottom 99%. In 2013, the next-49% (above the bottom 50%) earned 4.7 times the …

Chadwick Curtis · Julio Garín · Robert Lester

Layer 1: Overview Research question and motivation: The paper asks whether population aging flattens the Phillips curve through a previously unexplored channel — age-related differences in the …

Marc Folch · Luca Mazzone

Layer 1: Overview Research question and motivation: Folch and Mazzone ask how undergraduate student debt shapes three intertwined post-college decisions — whether to pursue a post-bachelor (graduate) …

Unknown

Layer 1: Overview Research question and motivation: The paper asks whether and why the type of employment — specifically public-sector employment — affects household saving rates in China. This …

TAKAO ASANO · YUSUKE OSAKI

Layer 1: Overview Research question and motivation: How much to save is a central household financial decision, and uncertainty drives the “precautionary saving motive.” The …

Pasqualina Arca · Gianfranco Atzeni · Luca G. Deidda

Layer 1: Overview Research question and motivation: Under U.S. Chapter 7 bankruptcy, an individual entrepreneur has most unsecured debt discharged and only her non-exempt assets liquidated, producing …

Filippo Pallotti · Gonzalo Paz-Pardo · Jiri Slacalek · Oreste Tristani · Giovanni L. Violante

Layer 1: Overview This paper measures the heterogeneous first-order welfare effects of the 2021-2023 inflation surge across households in the four largest euro area countries (Germany, France, Italy, …

Peter Maxted · David Laibson · Benjamin Moll

Layer 1 — Summary Maxted, Laibson, and Moll study fiscal and monetary policy in a partial-equilibrium heterogeneous-agent model in which homeowners have present-biased time preferences (Instantaneous …