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International Comparative Household Finance

Author

Listed:
  • Cristian Badarinza

    (Institute of Real Estate Studies, National University of Singapore, Singapore 117566
    Oxford-Man Institute of Quantitative Finance, University of Oxford, Oxford OX1 1HP, United Kingdom
    Centre for Economic Policy Research, London EC1V 0DX, United Kingdom)

  • John Y. Campbell

    (Department of Economics, Harvard University, Cambridge, Massachusetts 02138
    National Bureau of Economic Research, Cambridge, Massachusetts 02138)

  • Tarun Ramadorai

    (Oxford-Man Institute of Quantitative Finance, University of Oxford, Oxford OX1 1HP, United Kingdom
    Centre for Economic Policy Research, London EC1V 0DX, United Kingdom
    Saïd Business School, University of Oxford, Oxford OX1 1HP, United Kingdom)

Abstract

This article reviews the literature on international comparative household finance. It presents summary statistics on household balance sheets for 13 developed countries and uses these statistics to discuss common features and contrasts across countries. It then discusses retirement savings, investments in risky assets, unsecured debt, and mortgages.

Suggested Citation

  • Cristian Badarinza & John Y. Campbell & Tarun Ramadorai, 2016. "International Comparative Household Finance," Annual Review of Economics, Annual Reviews, vol. 8(1), pages 111-144, October.
    • Handle: RePEc:anr:reveco:v:8:y:2016:p:111-144
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    More about this item

    Keywords

    household finance; household balance sheet; pension finance; risky investments; mortgage debt; international comparisons;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • N20 - Economic History - - Financial Markets and Institutions - - - General, International, or Comparative
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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