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Mortgage finance in Central and Eastern Europe : opportunity or burden?
Beck, Thorsten; Kibuuka, Katie; Tiongson, Erwin R. - 2010
determinants of access to mortgage finance. It also examines whether mortgage holders were more likely to suffer financial distress … compared with non-mortgage holders in the period before the global financial crisis. The analysis does not find any systematic … evidence that mortgage holders are financially more vulnerable than renters or outright owners; in fact, the incidence of …
Persistent link: https://www.econbiz.de/10003940327
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Mortgage indebtedness and household financial distress
Georgarakos, Dimitris; Lojschova, Adriana; … - 2009
Using comparable survey data from twelve European countries we investigate households' attitudes towards mortgage … households have a mortgage outstanding relative to countries where a sizeable part of the population uses mortgage debt, like the … reference households, and crucially so in countries with less expanded mortgage markets. Thus it appears that households …
Persistent link: https://www.econbiz.de/10003926442
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Monetary policy transmission to consumer financial stress and durable consumption
Georgarakos, Dimitris; Tatsiramos, Konstantinos - 2019
We examine the effects of monetary policy on household self-assessed financial stress and durable consumption using panel data from eighteen annual waves of the British Household Panel Survey. For identification, we exploit random variation in household exposure to interest rates generated by...
Persistent link: https://www.econbiz.de/10012019231
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Is rising household debt affecting retirement decisions?
Butrica, Barbara A.; Karamcheva, Nadia S. - 2020
Household debt among older Americans approaching retirement has increased dramatically over the past couple of decades. Older households have become increasingly more indebted and more leveraged. While mortgages remain the predominant type of debt among households in their 50s and 60s, in recent...
Persistent link: https://www.econbiz.de/10012207096
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Present-biased preferences and credit card borrowing
Meier, Stephan; Sprenger, Charles - 2009
Some individuals borrow extensively on their credit cards. This paper tests whether present-biased time preferences correlate with credit card borrowing. In a field study, we elicit individual time preferences with incentivized choice experiments, and match resulting time preference measures to...
Persistent link: https://www.econbiz.de/10003859319
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Debt portfolios
Hintermaier, Thomas; Koeniger, Winfried - 2011
We provide a model with endogenous portfolios of secured and unsecured household debt. Secured debt is collateralized by owner-occupied housing whereas unsecured debt can be discharged according to bankruptcy regulations. We show that the calibrated model matches important quantitative...
Persistent link: https://www.econbiz.de/10009244090
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In-state tuition for undocumented immigrants and its impact on college enrollment, tuition costs, student financial aid, and indebtedness
Amuedo Dorantes, Catalina; Sparber, Chad - 2012
The 1996 Immigration Reform and Responsibility Act barred states from giving unlawful residents postsecondary education benefits that states do not offer to U.S. citizens. In contrast to this federal law, several states have passed legislation explicitly allowing undocumented immigrants to pay...
Persistent link: https://www.econbiz.de/10009621609
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Indebted and overweight : the link between weight and household debt
Averett, Susan; Smith, Julie K. - 2012
There is a substantial correlation between household debt and bodyweight. Theory suggests that a causal relationship between debt and bodyweight could run in either direction or both could be caused by unobserved common factors. We use OLS and Propensity Score Matching to ascertain if household...
Persistent link: https://www.econbiz.de/10009629689
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Does greater inequality lead to more household borrowing? : new evidence from household data
Coibion, Olivier; Gorodnichenko, Yuriy; Kudlyak, Marianna; … - 2014
-inequality regions than high-inequality regions. We confirm the predictions of the model using data on individual mortgage applications …
Persistent link: https://www.econbiz.de/10010238213
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Redistributive taxation and personal bankruptcy in US states
Grant, Charles B. (contributor);  … - 2005
Both personal bankruptcy and redistributive taxes can insure households' consumption risk and both vary considerably across US states. We derive sufficient conditions under which more redistributive taxation makes bankruptcy exemptions less attractive both for the intratemporal insurance and for...
Persistent link: https://www.econbiz.de/10003189633