Saha, Asish; Hock Eam, Lim; Goh Yeok, Siew - In: International Journal of Housing Markets and Analysis 16 (2022) 2, pp. 273-291
consider endogeneity bias. This study assumes a latent (unobservable) variable ( Y *), representing a borrower’s tendency to … default, which is associated linearly with the borrower’s and loan characteristics and other variables ( Xi ). This study uses … individual borrower-level information of 43,156 housing loan borrowers from the files of a well-established housing bank in …