Essays in macroeconomics and consumer finance

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URN:	urn:nbn:de:bsz:180-madoc-623767
Document Type:	Doctoral dissertation
Year of publication:	2022
Place of publication:	Mannheim
University:	Universität Mannheim
Evaluator:	Tertilt, Michèle
Date of oral examination:	15 June 2022
Publication language:	English
Institution:	School of Law and Economics > Makro- u. Entwicklungsökonomie (Tertilt 2010-) Außerfakultäre Einrichtungen > Graduate School of Economic and Social Sciences - CDSE (Economics)
Subject:	330 Economics
Keywords (English):	macroeconomics ; consumer finance ; consumer default ; family economics
Abstract:	This dissertation studies questions in macroeconomics and more specifically consumer finance. It consists of two self-contained chapters. While each chapter studies a different question, they share common objects of interest and similar methodologies. The topics that I study in this thesis relate to how households make financial decisions in terms of saving and borrowing and the role of bankruptcy in smoothing consumption. Based on this understanding of household behavior I then ask how (bankruptcy) policy should be shaped. The first chapter focuses on the interaction of two loan types in the presence of asymmetric information. The second examines how risk differs across marital status and how these differences affect bankruptcy regulation.