000			01581nam a22001577a 4500
999			_c519101 _d519101
008			220127b ||||| |||| 00| 0 eng d
100			_aGomes, F., Haliasssos, M. and Ramadorai, T. _931995
245			_aHousehold finance
260			_aJournal of Economic Literature
300			_a59(3), Sep, 2021: p.919-1000
520			_aHousehold financial decisions are complex, interdependent, and heterogeneous, and central to the functioning of the financial system. We present an overview of the rapidly expanding literature on household finance (with some important exceptions) and suggest directions for future research. We begin with the theory and empirics of asset market participation and asset allocation over the life cycle. We then discuss household choices in insurance markets, trading behavior, decisions on retirement saving, and financial choices by retirees. We survey research on liabilities, including mortgage choice, refinancing, and default, and household behavior in unsecured credit markets, including credit cards and payday lending. We then connect the household to its social environment, including peer effects, cultural and hereditary factors, intra-household financial decision-making, financial literacy, cognition, and educational interventions. We also discuss literature on the provision and consumption of financial advice. – Reproduced
650			_aHousehold finance, Financial system, Financial decision-making, Credit cards, Payday lending _931996
773			_aJournal of Economic Literature
906			_aHOUSEHOLD FINANCE
942			_cAR