Sheffield Household Finance Research Group
The Sheffield Household Finance Research Group empirically explores a range of aspects relating to household financial behaviours and outcomes. The area of household finance has received an increased amount of attention over the past two decades and remains high on both policy and research agendas.
Our research areas
We are committed to producing real world empirical evidence relating to policy relevant research questions. Members of the Household Finance Research Group have expertise in the following areas:
- Financial portfolio allocations
- Household debt accumulation and saving decisions
- Intersections between the macro-economy and household finances
- Poverty and inequality
- Subjective financial position
Inaugural Annual Lecture: Professor Michael Haliassos
Postponed, new date to be confirmed.
Professor Haliassos holds the Chair of Macroeconomics and Finance at Goethe University Frankfurt. He is Research Fellow of the Centre for Economic Policy Research and Founding Director of the CEPR Network on Household Finance and International Research Fellow of NETSPAR (The Netherlands).
He is also advisor to the European Central Bank on the Eurozone Survey of Household Finances and Consumption since its inception in 2006; and member of the Consultative Working Group of ESMA’s Investor Protection and Intermediaries Standing Committee (IPISC).
Development Dilemmas: The Indian Experience and Beyond
Professor Ajit Mishra, Director, Institute of Economic Growth, Delhi, India.
Wednesday 11 March 2020
This talk will focus on some key aspects of the process of economic development and how one addresses questions related to the Informal sector, Governance and Corruption, and Public Investment. While the recent Indian experience will be the context, cross-country evidence will be used to shed light on these issues.
Topics in Household Finance
Members of the Sheffield Household Finance Research Group
Wednesday 4 March 2020
Members of the Sheffield Household Finance Research Group will introduce a range of topics in the area of household finance based on their research expertise. The talk will outline key literature and highlight openly available data sources to explore these topics.
Some key questions on the Chinese economy
Xiaobing Wang, Department of Economics, University of Manchester
Wednesday 26 February 2020
This talk focused on some key questions on the Chinese economy, such as banking and finance, poverty and inequality, growth dynamics etc. The talk will also explored the open data sets that are often used in addressing those questions.
Special Session on Household Finance, at the Annual Scientific Meeting of the Italian Economic Association, Palermo, Italy, October 2019. Jointly organised with Professor Alessandro Bucciol (University of Verona)
Special Session on Household Finance, at the Annual Scientific Meeting of the Italian Economic Association, Bologna, Italy, October 2018. Jointly organised with Professor Alessandro Bucciol (University of Verona)
Household Finance Workshop Series - University of Sheffield
These biennial workshops bring together world leading researchers in the area of household finances. The next workshop is due to be held in 2021.
- Relevant publications since 2014
Brown, S., Gray, D., & Montagnoli, A. (2019). Credit Supply Shocks and Household Leverage: Evidence from the US Banking Deregulation. Journal of Financial Stability, 43, 97-115.
Cao, Y., Gregory-Smith, I., & Montagnoli, A. (2018). Transmission of liquidity shocks: Evidence on cross-border bank ownership linkages. Journal of International Financial Markets, Institutions and Money, 53, 158-178.
Dickerson, A., & Popli, G. (2018). The many dimensions of child poverty: Evidence from the UK Millennium Cohort Study. Fiscal Studies, 39(2), 265-298.
Montagnoli, A., & Moro, M. (2018). The cost of banking crises: new evidence from life satisfaction data. Kyklos, 71(2), 279-309.
Bernini, M., & Montagnoli, A. (2017). Competition and financial constraints: a two-sided story. Journal of International Money and Finance, 70, 88-109.
Brown, S., & Taylor, K. (2016). Early influences on saving behaviour: Analysis of British panel data. Journal of Banking & Finance, 62, 1-14.
Brown, S., Ghosh, P., & Taylor, K. (2016). Household Finances and Social Interaction: Bayesian Analysis of Household Panel Data. Review of Income and Wealth, 62(3), 467-488.
Brown, S., & Gray, D. (2016). Household finances and well-being in Australia: An empirical analysis of comparison effects. Journal of Economic Psychology, 53, 17-36.
Dickerson, A., & Popli, G. K. (2016). Persistent poverty and children's cognitive development: evidence from the UK Millennium Cohort Study. Journal of the Royal Statistical Society: Series A (Statistics in Society), 179(2), 535-558.
Brown, S., Gray, D., & Roberts, J. (2015). The relative income hypothesis: A comparison of methods. Economics Letters, 130, 47-50.
Ratcliffe, A., & Taylor, K. (2015). Who cares about stock market booms and busts? Evidence from data on mental health. Oxford Economic Papers, 67(3), 826-845.
Brown, S., Durand, R. B., Harris, M. N., & Weterings, T. (2014). Modelling financial satisfaction across life stages: A latent class approach. Journal of Economic Psychology, 45, 117-127.
Brown, S. (2015). Household repayment behaviour and neighbourhood effects. Urban Studies, 52(6), 1169-1188.
Gregoriou, A., Kontonikas, A., & Montagnoli, A. (2014). Aggregate and regional house price to earnings ratio dynamics in the UK. Urban Studies, 51(13), 2916-2927.
Blanchflower, D. G., Bell, D. N., Montagnoli, A., & Moro, M. (2014). The happiness trade‐off between unemployment and inflation. Journal of Money, Credit and Banking, 46(S2), 117-141.
Brown, S., Ghosh, P., & Taylor, K. (2014). The existence and persistence of household financial hardship: A Bayesian multivariate dynamic logit framework. Journal of Banking & Finance, 46, 285-298.
Brown, S., & Taylor, K. (2014). Household finances and the ‘Big Five’ personality traits. Journal of Economic Psychology, 45, 197-212.
Brown, S., Ghosh, P., Su, L., & Taylor, K. (2015). Modelling household finances: A Bayesian approach to a multivariate two-part model. Journal of Empirical Finance, 33, 190-207.
- Recent working papers
Brown, S., Kontonikas, A., Montagnoli, A. (2020) Household Portfolios and Monetary Policy. The Sheffield Economic Research Paper Series (SERPS), (No 2020002).
Brown, S., & Taylor, K. (2019). Charitable behaviour and political ideology: Evidence for the UK. The Sheffield Economic Research Paper Series (SERPS), (No 2019002).
Brown, S., Kontonikas, A., Montagnoli, A., Moro, M., & Onnis, L. (2019). Life satisfaction and austerity: Expectations and the macroeconomy. The Sheffield Economic Research Paper Series (SERPS), ( No 2019011).
Brown, S., Ghosh, P., Gray, D., Pareek, B., & Roberts, J. (2017). Saving Behaviour and Biomarkers: A High-Dimensional Bayesian Analysis of British Panel Data. The Sheffield Economic Research Paper Series (SERPS), (No. 2017005).
Montagnoli, A., Moro, M., Panos, G. A., & Wright, R. E. (2017). Financial Literacy and Attitudes to Redistribution. Institute of Labor Economics (IZA), (No. 10633).
Gray, D., Montagnoli, A., & Moro, M. (2017). Does education improve financial outcomes? Quasi-experimental evidence from Britain. The Sheffield Economic Research Paper Series (SERPS), (No 2017010).
Brown, S., Ghosh, P., Pareek, B., & Taylor, K. (2017). Financial Hardship and Saving Behaviour: Bayesian Analysis of British Panel Data. Institute of Labor Economics (IZA), (No. 10910).
Brown, S., Gray, D., Harris, M. N., & Spencer, C. (2016). Portfolio Allocation, Income Uncertainty and Households' Flight from Risk. Institute of Labor Economics (IZA), (No. 10408).
- Celia Wallace
- Adam Rowe
- Maria Padilla Montoya
- Shanshan You
- Jialong Li
- Zizhou Luo
Members of the Household Finance Research group are currently interesting in supervising individuals in the any of the above areas of research. If you require any further information, please contact email@example.com
- Marieke Bos, Stockholm School of Economics
- Alessandro Bucciol, University of Verona
- Tabea Bucher-Koenen, ZEW and Munich Center for the Economics of Aging
- Rowena Crawford, Institute for Fiscal Studies
- Tom Crossley, European University Institute, Florence
- Mike Daly, Department for Work and Pensions
- Michael Haliassos, Goethe University Frankfurt
- Tulio Japelli, University of Naples Federico II
- Stephen Millard, Bank of England
- Rebecca Riley, National Institute of Economic and Social Research
- Elaine Squires, Department for Work and Pensions
- Nick Watkins, Money and Pensions Service
Research Excellence Framework 2021 results
The results demonstrate our research and impact excellence across a broad range of disciplines and confirm that our research is having a significant positive impact on lives across the globe.