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Household Financial Distress and Household Deleveraging
Jiang, Helu - 2020
Persistent link: https://www.econbiz.de/10012855150
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The Dynamics of Mortgage Debt in Default
Jiang, Helu - 2020
Persistent link: https://www.econbiz.de/10012855615
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The role of information in the rise in consumer bankruptcies
Sánchez, Juan M. - 2009
Persistent link: https://www.econbiz.de/10003828485
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Labor Market Upheaval, Default Regulations, and Consumer Debt
Athreya, Kartik - 2014
In 2005, reforms made formal personal bankruptcy much more costly. Shortly after, the US began to experience its most … severe recession in seventy years, and while personal bankruptcy rates rose, they rose only modestly given the severity of … unsecured debt seen in the past three decades. We measure the relative roles of recent bankruptcy reform and labor market risk …
Persistent link: https://www.econbiz.de/10013059435
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Mortgage Defaults
Hatchondo, Juan Carlos - 2015
We present a model in which households facing income and housing-price shocks use long-term mortgages to purchase houses. Interest rates on mortgages reflect the risk of default. The model accounts for observed patterns of housing consumption, mortgage borrowing, and defaults. We use the model...
Persistent link: https://www.econbiz.de/10013020093
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The Role of Information in the Rise in Consumer Bankruptcies
Sánchez, Juan M. - 2012
significant effect on the bankruptcy rate. Additionally, a drop in information costs generates changes in other variables (e …
Persistent link: https://www.econbiz.de/10013096666
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Bankruptcy and Delinquency in a Model of Unsecured Debt
Athreya, Kartik - 2015
At an aggregate level, formal default via bankruptcy and informal default via delinquency are both quantitatively …
Persistent link: https://www.econbiz.de/10013014284
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Mortgage Defaults
Hatchondo, Juan Carlos - 2015
We present a model in which households facing income and housing-price shocks use long-term mortgages to purchase houses. Interest rates on mortgages reflect the risk of default. The model accounts for observed patterns of housing consumption, mortgage borrowing, and defaults. We use the model...
Persistent link: https://www.econbiz.de/10013017245
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Financial Distress and Macroeconomic Risks
Athreya, Kartik; Mather, Ryan; Mustre-del-Rio, Jose; … - 2021
The goal of this paper is to show that household-level financial distress (FD) varies greatly, meaning there is unequal exposure to macroeconomic risk, and that FD can increase macroeconomic vulnerability. To do this, we first establish three facts: (i) regions in the U.S. vary significantly in...
Persistent link: https://www.econbiz.de/10013322291