Research Discussion Papers, Bank of Finland
Credit constraints and durable consumption
Abstract: 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.
Keywords: durable consumption; credit constraints; stochastic frontier analysis; (follow links to similar papers)
JEL-Codes: D12; D91; E21; (follow links to similar papers)
19 pages, September 19, 2010
Before downloading any of the electronic versions below
you should read our statement on
for viewing Postscript files and the
Acrobat Reader for viewing and printing pdf files.
Full text versions of the paper:
Questions (including download problems) about the papers in this series should be directed to Minna Nyman ()
Report other problems with accessing this service to Sune Karlsson ()
or Helena Lundin ().
Design by Joachim Ekebom