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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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Income volatility and residential mortgage delinquency : evidence from 12 EU countries
Diaz-Serrano, Luis (contributor) - 2004 - [Elektronische Ressource]
We investigate the socio-economic determinants of mortgage delinquency in 12 EU countries and observe that income … volatility significantly increases the mortgage delinquency risk. This pattern even holds for borrowers with higher …-income profiles if volatility in income is high enough. From this result we can draw the following conclusions: i) mortgage protection …
Persistent link: https://www.econbiz.de/10002485593
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Surviving the crisis : foreign multinationals vs domestic firms in Ireland
Godart, Olivier N.; Görg, Holger; Hanley, Aoife - 2011
Starting from the observation that all firms in Ireland (foreign and domestic in manufacturing and services industries … survival ; Ireland …
Persistent link: https://www.econbiz.de/10009311507
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Heterogeneous effects of blood pressure screening
Kaempfen, Fabrice; Mosca, Irene - 2024
(follow-up) as part of a nationally-representative longitudinal study on ageing in Ireland. We employ a Regression …
Persistent link: https://www.econbiz.de/10014464112
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Demand side analysis of microlending markets in Germany
Kritikos, Alexander; Kneiding, Christoph; Germelmann, … - 2009
In developing and transition economies, microlending has become an effective instrument for providing micro businesses with the necessary financial resources to launch operations. In the industrialized countries, with their highly developed banking systems, however, there has been ongoing debate...
Persistent link: https://www.econbiz.de/10003879327
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Reputation and credit market formation : how relational incentives and legal contract enforcement interact
Fehr, Ernst; Zehnder, Christian - 2009
The evidence suggests that relational contracting and legal rules play an important role in credit markets but on the basis of the prevailing field data it is difficult to pin down their causal impact. Here we show experimentally that relational incentives are a powerful causal determinant for...
Persistent link: https://www.econbiz.de/10003884085
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Financial dependence, formal credit, and informal jobs : new evidence from Brazilian household data
Catão, Luis; Pagés, Carmen; Rosales, Maria Fernanda - 2009
This paper examines a much overlooked link between credit markets and formalization: since access to bank credit typically requires compliance with tax and employment legislation, firms are more likely to incur such formalization costs once bank credit is more widely available at lower cost; if...
Persistent link: https://www.econbiz.de/10003925244
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Inequality, human capital formation and the process of development
Galor, Oded - 2012
Conventional wisdom about the relationship between income distribution and economic development has been subjected to dramatic transformations in the past century. While classical economists advanced the hypothesis that inequality is beneficial for growth, the neoclassical paradigm dismissed the...
Persistent link: https://www.econbiz.de/10009530757
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Macroeconomic dynamics in a model of goods, labor and credit market frictions
Petrosky-Nadeau, Nicolas; Wasmer, Etienne - 2011
Building a model with three imperfect markets - goods, labor and credit - representing a product's life-cycle, we find that goods market frictions drastically change the qualitative and quantitative dynamics of labor market variables. The calibrated model leads to a significant reduction in the...
Persistent link: https://www.econbiz.de/10009307979
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Why use ROSCAs when you can use banks? : theory and evidence from Ethiopia
Kedir, Abbi Mamo; Disney, Richard; Dasgupta, Indraneel - 2011
Much of the existing literature on the use of informal credit arrangements such as ROSCAs (Rotating and Credit Saving Associations) theorises the use of such institutions as arising from market failures in the development of formal saving and credit mechanisms. As economic development proceeds,...
Persistent link: https://www.econbiz.de/10009308836