Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212172 
Authors: 
Year of Publication: 
2010
Series/Report no.: 
Bank of Finland Research Discussion Papers No. 15/2010
Publisher: 
Bank of Finland, Helsinki
Abstract: 
I find quantitative evidence of a significant effect for credit constraints on durable consumption during a post-deregulation consumer spending spree. The effect varied markedly across age and educational groups. Young households with low levels of education displayed high sensitivity to credit conditions. In contrast, older highly educated households were relatively immune to credit market developments.
Subjects: 
durable consumption
credit constraints
stochastic frontier analysis
JEL: 
D12
D91
E21
Persistent Identifier of the first edition: 
ISBN: 
978-952-462-615-6
Document Type: 
Working Paper

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