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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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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Piazzesi, M. & Schneider, M., 2016. "Housing and Macroeconomics," Handbook of Macroeconomics, Elsevier.
    2. repec:bla:abacus:v:54:y:2018:i:4:p:576-599 is not listed on IDEAS
    3. Marcén, Miriam & Morales, Marina, 2018. "The effect of culture on home-ownership," GLO Discussion Paper Series 244, Global Labor Organization (GLO).
    4. Sierminska, Eva & Silber, Jacques, 2019. "The Diversity of Household Assets Holdings in the United States in 2007 and 2009: Measurement and Determinants," IZA Discussion Papers 12562, Institute of Labor Economics (IZA).
    5. H. Evren Damar & Reint Gropp & Adi Mordel, 2019. "Flight from Safety: How a Change to the Deposit Insurance Limit Affects Households’ Portfolio Allocation," Staff Working Papers 19-29, Bank of Canada.
    6. Damar, H. Evren & Gropp, Reint & Mordel, Adi, 2019. "Flight from safety: How a change to the deposit insurance limit affects households' portfolio allocation," IWH Discussion Papers 19/2019, Halle Institute for Economic Research (IWH).
    7. repec:red:issued:18-225 is not listed on IDEAS
    8. repec:eee:socmed:v:192:y:2017:i:c:p:36-48 is not listed on IDEAS
    9. repec:eee:dyncon:v:95:y:2018:i:c:p:1-18 is not listed on IDEAS
    10. Andrej Cupak & Pirmin Fessler & Maria Silgoner & Elisabeth Ulbrich, 2018. "Financial literacy gaps across countries: the role of individual characteristics and institutions," Working and Discussion Papers WP 2/2018, Research Department, National Bank of Slovakia.
    11. Graciela Sanroman & Guillermo Santos, 2017. "The Joint Distribution of Income and Wealth in Uruguay," Documentos de Trabajo (working papers) 0717, Department of Economics - dECON.
    12. Zuzana Brokesova & Andrej Cupak & Gueorgui Kolev, 2017. "Financial literacy and voluntary savings for retirement in Slovakia," Working and Discussion Papers WP 10/2017, Research Department, National Bank of Slovakia.
    13. repec:ejn:ejefjr:v:6:y:2018:i:3:p:72-82 is not listed on IDEAS
    14. repec:eee:regeco:v:73:y:2018:i:c:p:143-154 is not listed on IDEAS
    15. Khan, Hashmat & Rouillard, Jean-François, 2018. "Household borrowing constraints and residential investment dynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 95(C), pages 1-18.
    16. Bekhtiar, Karim & Fessler, Pirmin & Lindner, Peter, 2019. "Risky assets in Europe and the US: risk vulnerability, risk aversion and economic environment," Working Paper Series 2270, European Central Bank.

    More about this item

    Keywords

    household finance; household balance sheet; pension finance; risky investments; mortgage debt; international comparisons;

    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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