Household Finance in Retrospect and Prospect

Publication information:

Household Finance in Retrospect and Prospect. Journal of Finance: Insights and Perspectives. 2026.

Abstract

Household finance research has come of age during the early 21st Century by exploiting computational advances for solving complex optimization problems, the availability of large administrative datasets, the development of microeconometrics for causal inference, and new paradigms in behavioral economics. We discuss the distinctive concerns of household finance in relation to other fields of financial economics, and we outline directions for the future growth of the field.