Similar Search Results

Mortgage Indebtedness and Household Financial Distress

Georgarakos, Dimitris - 2010

towards mortgage indebtedness. We find that a given debt burden creates much higher distress in countries with fewer mortgage … holders relative to countries where a significant part of households uses mortgage debt. This effect is net of ppp …

Persistent link: https://www.econbiz.de/10013147952

Borrowing Constraints, Own Labour and Homeownership : Does it Pay to Paint Your Walls?

Lindner, Peter; Mathä, Thomas; Pulina, Giuseppe; … - 2021

increase with the mortgage interest rate. These theoretical results are supported by empirical analysis, which also shows that …

Persistent link: https://www.econbiz.de/10013315282

Consumption and Initial Mortgage Conditions : Evidence from Survey Data

Masier, Giacomo - 2011

consumption path of credit constrained homeowners is determined by the size and timing of payments (mortgage maturity). We exploit … the rapid expansion of mortgage markets during the last decade in Spain and a very detailed survey on household finances … consumption of households headed by an individual with high school responds more to mortgage maturity than to the interest rate …

Persistent link: https://www.econbiz.de/10013130154

Who lost the most? Financial literacy, cognitive abilities, and the financial crisis

Bucher-Koenen, Tabea; Ziegelmeyer, Michael - 2011

We study how and to what extent private households are affected by the recent financial crisis and how their financial decisions are influenced by this shock. Our analysis reveals that individuals with low levels of financial literacy are less likely to have invested in the stock market and thus...

Persistent link: https://www.econbiz.de/10011605345

Wealth mobility and dynamics over entire individual working life cycles

Hochguertel, Stefan; Ohlsson, Henry - 2011

We study taxable wealth in unique Swedish administrative data, annually following a large sample of households over a period of almost 40 years. The main data limitation is non-observability of wealth for those below the tax exemption level. This implies that much of the focus of the paper is on...

Persistent link: https://www.econbiz.de/10011605347

Household saving behaviour and credit constraints in the euro area

Porpiglia, Alessandro; Le Blanc, Julia; Teppa, Federica; … - 2015

We study the role of household saving behaviour, of individual motives for saving and that of perceived liquidity constraints in 15 Euro Area countries. The empirical analysis is based on the Household Finance and Consumption Survey, a new harmonized data set collecting detailed information on...

Persistent link: https://www.econbiz.de/10011605835

Unemployment risk and over-indebtedness

Du Caju, Philip; Rycx, François; Tojerow, Ilan - 2016

We study how unemployment affects the over-indebtedness of households using the new European Household Finance and Consumption Survey (HFCS). First, we assess the role of different labor market statuses (i.e. employed, unemployed, disabled, retired, etc.) and other household characteristics...

Persistent link: https://www.econbiz.de/10011605953

Richer earnings dynamics, consumption and portfolio choice over the life cycle

Gálvez, Julio; Paz Pardo, Gonzalo - 2023

Households face earnings risk which is non-normal and varies by age and over the income distribution. We show that allowing for these rich features of earnings dynamics, in the context of a structurally estimated life-cycle portfolio choice model, helps to rationalize the limited participation...

Persistent link: https://www.econbiz.de/10014374598

Unemployment Risk and Over-Indebtedness

Du Caju, Philip - 2016

Persistent link: https://www.econbiz.de/10012988621

Wealth Mobility and Dynamics over Entire Individual Working Life Cycles

Hochgürtel, Stefan - 2011

Persistent link: https://www.econbiz.de/10013130148