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April 18, 2019

Disentangling the effect of household debt on consumption

Publication

We estimate the contemporaneous relationship between household debt and consumption for the period 2006 to 2015. Using Dutch administrative data, we fi nd that the average consumption of households with high debt has decreased much more during the crisis than that of other households. We disentangle this into an effect through the availability of credit for direct consumption and an effect through household debt overhang.

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April 3, 2019

The welfare effects of co-payments in long term care

Publication

Insight in the lifecycle dynamics of long term care costs is important to understand the effect of policy changes, such as the design of co-payments, on the costs and welfare across income and wealth groups. Modeling long term care expenditures over the lifecycle is challenging because of their very uneven distribution.