scholarly journals Does Household Debt Influence the Labor Supply and Benefit Claiming Decisions of Older Americans?

Author(s):  
Barbara A. Butrica ◽  
Nadia S. Karamcheva



2013 ◽  
Author(s):  
Nicole Maestas ◽  
Kathleen Mullen ◽  
David Powell




Author(s):  
Matthew J. Baker ◽  
Lisa M George

Abstract We examine whether advertising increases household debt by studying the initial expansion of television in the 1950's. Exploiting the idiosyncratic spread of television across markets, we use micro data from the Survey of Consumer Finances to test whether households with early access to television saw steeper debt increases than households with delayed access. Results indicate that exposure to television advertising increases the tendency to borrow for household goods and the tendency to carry debt. Television access is associated with higher debt levels for durable goods, but not with the total amount of non-mortgage debt. We provide suggestive evidence that increased labor supply may drive our results. The role of media in household debt may be greater than suggested by existing research.



Author(s):  
Lucie Schmidt ◽  
Purvi Sevak
Keyword(s):  




Author(s):  
Alicia H. Munnell ◽  
Steven A. Sass
Keyword(s):  


2020 ◽  
pp. 132-164
Author(s):  
Barbara A. Butrica ◽  
Nadia S. Karamcheva

Household debt among older Americans approaching retirement has increased dramatically over time. Older households have become increasingly more indebted and more leveraged. While mortgages remain the predominant type of debt among households in their 50s and 60s, student loan debt has also risen among these households in recent years. This chapter uses household survey data to show that more indebted older adults are more likely to work, less likely to be retired, and, on average, expect to work longer than those with less debt. Furthermore, the chapter examines how different types of debt such as mortgages, credit card debt, and student loans affect those decisions.



2008 ◽  
Vol 31 (2) ◽  
pp. 207-232 ◽  
Author(s):  
Lucie Schmidt ◽  
Purvi Sevak
Keyword(s):  


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