This paper analyses the determinants of credit demand in the presence of borrowing constraints for Uruguayan economy. I model the determinants of debt level for Uruguayan households taking into account selection bias and ...

This paper analyses the determinants of credit demand in the presence of borrowing constraints for Uruguayan economy. I model the determinants of debt level for Uruguayan households taking into account selection bias and ...

This paper develops a model to capture the key features of poverty, credit constraints and resource management faced by poor rural households. We assume that, due to the existence of asymmetric information and moral hazard, ...

In the last few decades, there was a marked increase in consumer debt in the United States, Latin America and other emerging countries, spurring a debate about the real costs and benefits of household credit. Using a unique ...

We examine evidence from a 2006 to 2009 data panel to explore how Chilean households were affected by the negative income shock observed during the recent financial crisis. Our results show that there is a negative and ...

Unpaid debts for rents and utilities, including electricity, water, gas, and internet access, grew at an accelerated rate during the months of social distancing meant to prevent the spread of the novel coronavirus. Currently, ...

We analyze the debt side of household balance sheets in a small economy with underdeveloped financial markets. Our main focus is on the influence of income on the intensive margin of debt holdings and how business ownership ...

Marriage rates have become increasingly stratified by homeownership. We investigate this in a household model where investments in public goods reduce future earnings and, thus, divorce risk creates inefficiencies. Access ...