Sheffield Household Finance Research Group

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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. 

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
Upcoming event

Household Finance Workshop, 5th of June 2024.

The Sheffield Household Finance Research Group will host their fourth workshop on the 5th of June 2024 and the keynote speaker for this event is Professor Rob Alessie from the University of Groningen. The workshop, which is part funded by the Royal Economic Society, will have a special focus on the “cost of living crisis” and it aims to bring together world-leading researchers in this area and provide an interactive platform for discussion relating to recent developments in the field of household finances. 

Please complete this registration form to register for the workshop.
Workshop Programme

Research group leader:

Daniel Gray


Academic staff: 

Karl Taylor

Alberto Montagnoli

Pamela Lenton

Sarah Brown

Raslan Alzuabi

Gurleen Popli

Mallory Yeromonahos

Mich Tvede


Representative publications

Gedikli C, Gurleen Popli & Yilmaz O (2023) The impact of intimate partner violence on women’s labour market outcomes. World Development.

Sarah Brown, Mark NH, Christopher S & Karl Taylor (2023) Financial Expectations and Household Consumption: Does Middle Inflation Matter? Journal of Money, Credit and Banking.

Görtz C, McGowan D & Mallory Yeromonahos (2023) Furlough and Household Financial Distress during the COVID-19 Pandemic. Oxford Bulletin of Economics and Statistics.

Sarah Brown, Harris MN, Srivastava P & Karl Taylor (2022) Mental health, reporting bias and economic transitions. Oxford Economic Papers.

Raslan Alzuabi, Sarah Brown & Karl Taylor (2022) Charitable behaviour and political affiliation: evidence for the UK. Journal of Behavioral and Experimental Economics.

Görtz C and Mallory Yeromonahos (2022) Asymmetries in risk premia, macroeconomic uncertainty and business cyclesJournal of Economic Dynamics and Control, 137.

Hervé Crès and Mich Tvede (2022) Corporate self-regulation of imperfect competition. Economic Theory. 

Hervé Crès and Mich Tvede (2022) Aggregation of opinions in networks of individuals and collectives. Journal of Economic Theory.

Alzuabi R, Sarah Brown, Daniel Gray, Harris M & Spencer C (2021) Household saving, health, and healthcare utilization in JapanOxford Economic Papers.

Daniel Gray, Alberto Montagnoli & Moro M (2021) Does education improve financial behaviors? Quasi-experimental evidence from BritainJournal of Economic Behavior and Organization.

Sarah Brown, Daniel Gray, Harris MN & Spencer C (2021) Household portfolio allocation, uncertainty, and riskJournal of Empirical Finance.

Sarah Brown, Ghosh P, Daniel Gray, Pareek B & Roberts J (2021) Saving behaviour and health: A high-dimensional Bayesian analysis of British panel dataThe European Journal of Finance.

Sarah Brown, Ghosh P, Pareek B & Karl Taylor (2021) The protective role of saving: Bayesian analysis of British panel dataJournal of Empirical Finance.

Sarah Brown, Kontonikas A, Alberto Montagnoli, Moro M & Onnis L (2021) Life satisfaction and austerity: Expectations and the macroeconomyJournal of Behavioral and Experimental Economics.

Sarah Brown, Daniel Gray & Alberto Montagnoli (2019) Credit supply shocks and household leverage: Evidence from the US banking deregulation, Journal of Financial Stability. 

Alberto Montagnoli, & Moro, M (2018). The cost of banking crises: New evidence from life satisfaction dataKyklos.

Cao, Y, Gregory-Smith, I, & Alberto Montagnoli (2018). Transmission of liquidity shocks: Evidence on cross-border bank ownership linkagesJournal of International Financial Markets, Institutions and Money.

Hervé Crès and Mich Tvede (2018) Regulation of trades based on differences in beliefs. European Economic Review.

Dickerson A & Gurleen Popli (2017) The Many Dimensions of Child Poverty: Evidence from the UK Millennium Cohort StudyFiscal Studies.


Household Finance Workshop Series:  

Upcoming event

Household Finance Workshop, 5th of June 2024.

The Sheffield Household Finance Research Group will host their fourth workshop on the 5th of June 2024 and the keynote speaker for this event is Professor Rob Alessie from the University of Groningen. The workshop, which is part funded by the Royal Economic Society, will have a special focus on the "cost of living crisis" and it aims to bring together world-leading researchers in this area and provide an interactive platform for discussion relating to recent developments in the field of household finances. The workshop is open to all, the programme and registration form will be available here on the 4th of March 2024. 

Previous events

Programme: Household Finance Workshop 2023

Programme: Household Finance Workshop 2019

Programme: Household Finance Workshop 2017

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