Household currency and deposits as a percentage of total household financial assets in the United Kingdom (UK) increased overall between 2000 and 2021, albeit with some fluctuations. Household currenc
We use data from the Panel Study of Income Dynamics to investigate how households portfolio allocations change in response to wealth fluctuations. Persistent habits, consumption commitments, and subsi
Borrowing decisions affect most households, with large stakes and implications for subfields as varied as macroeconomics and industrial organization. I review theoretical and empirical work on househo
