Household Financial Fragility, Debt and Income in a Dynamic Model

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2024-08-14 DOI:10.1007/s10614-024-10698-y

Giorgio Calcagnini, Federico Favaretto, Germana Giombini, Fabio Tramontana

引用次数: 0

Abstract

We develop a novel dynamic model for household debt and household income change studying the interaction between financial fragility and financial literacy. We compare the results to the U.S. data under several parameterizations. Households react pro-cyclically to income shocks and are better able to represent aggregate data when financial literacy is low.

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动态模型中的家庭财务脆弱性、债务和收入

我们建立了一个新颖的家庭债务和家庭收入变化动态模型，研究金融脆弱性和金融知识之间的相互作用。我们将结果与美国数据在多个参数化条件下进行了比较。当金融知识水平较低时，家庭会对收入冲击做出顺周期反应，并能更好地代表总体数据。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.