Handbook of US Consumer Economics
Front Cover -- Handbook of US Consumer Economics -- Handbook of US Consumer Economics -- Copyright -- Contents -- Contributors -- Preface -- 1 - Empirical analysis of the US consumer: fact, fiction, and the future -- 1. Big(ger) data: new sources and new questions -- 2. Consumer spending and the aggregate economy -- 3. Household finance -- 4. Responding to shocks -- 5. Spending over the life cycle -- 6. Measurement issues -- 7. International perspectives -- 8. Concluding thoughts -- References -- 2 - Handbook of the consumer chapter: trends in household debt and credit -- 1. Overview -- 2. Data -- 3. Decomposing the borrowing cycle -- 4. Trends in borrower characteristics -- 5. Trends in other debt -- 6. Perspectives on current household debt -- 6.1 Change in debt composition -- 6.2 Implications of the change in debt composition -- 6.3 Delinquencies -- 7. Conclusion -- References -- 3 - Trends in household portfolio composition∗ -- 1. Introduction -- 2. Survey of consumer finances data and comparison to aggregates -- 2.1 Wealth measurement: comparing the Survey of Consumer Finances to macroaggregates -- 2.2 The Survey of Consumer Finances and other household finance research -- 3. Composition of average household portfolios -- 4. Household portfolios across the asset distribution -- 4.1 Across time -- 5. Asset concentration -- 6. Cohorts -- 6.1 Interpreting the cohort figures -- 6.2 Median household assets -- 6.3 Ownership of risky assets: business, equity, and housing -- 6.4 Business ownership -- 6.5 Equity ownership -- 6.6 Home-ownership -- 6.7 Mortgage holding -- 6.7.1 The risky asset share -- 6.8 Business share -- 6.9 Equity share -- 6.10 Housing share -- 6.11 Combined risk asset share -- 7. Financial vulnerability, shocks, and the health of the household balance sheet -- 7.1 Risk from asset price shocks.