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Who Invests in Home Equity to Exempt Wealth from Bankruptcy?
Corradin, Stefano - 2011
Homestead exemptions to personal bankruptcy allow households to retain their home equity up to a limit determined at the state level. Households that may experience bankruptcy thus have an incentive to bias their portfolios towards home equity. Using US household data from the Survey of Income...
Persistent link: https://www.econbiz.de/10013126001
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Insolvency frameworks and private debt : an empirical investigation
Consolo, Agostino; Malfa, Federica; Pierluigi, Beatrice - 2021
This paper presents new evidence on the importance of insolvency frameworks for private sector debt deleveraging and … for the resolution of non-performing loans (NPL). We construct an aggregate insolvency framework index (IFI), which is …, our results indicate that better insolvency frameworks lead to faster NPL reductions and to lower NPL increases during …
Persistent link: https://www.econbiz.de/10013315395
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Consumption Effects of Job Loss Expectations : New Evidence for the Euro Area
Dias da Silva, Antonio; Weissler, Marco; Rusinova, Desislava - 2023
Probabilistic job loss expectations elicited in the Consumer Expectations Survey have predictive power for future job loss. We find that an unexpected job loss leads to a negative consumption response, while this e˙ect is muted for workers with ex-ante job loss expectations - consistent with...
Persistent link: https://www.econbiz.de/10014348864
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Subprime Consumer Credit Demand : Evidence From a Lender's Pricing Experiment
Alan, Sule - 2011
We test the interest rate sensitivity of subprime credit card borrowers using a unique panel data set from a UK credit card company. What is novel about our contribution is that we were given details of a randomized interest rate experiment conducted by the lender between October 2006 and...
Persistent link: https://www.econbiz.de/10013130142
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Debt Overhang and Deleveraging in the US Household Sector : Gauging the Impact on Consumption
Albuquerque, Bruno - 2015
Using a novel dataset for the US states, this paper examines whether household debt and the protracted debt deleveraging help explain the dismal performance of US consumption since 2007 in the aftermath of the housing bubble. By separating the concepts of deleveraging and debt overhang -- a flow...
Persistent link: https://www.econbiz.de/10013016939
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Mortgage Indebtedness and Household Financial Distress
Georgarakos, Dimitris - 2010
Using comparable survey data from twelve European countries from 1994 to 2001 we investigate households' attitudes 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...
Persistent link: https://www.econbiz.de/10013147952
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Household Risk Management and Actual Mortgage Choice in the Euro Area
Ehrmann, Michael - 2014
Mortgages constitute the largest part of household debt. An essential choice when taking out a mortgage is between fixed-interest-rate mortgages (FRMs) and adjustable-interest-rate mortgages (ARMs). However, so far, no comprehensive cross-country study has analyzed what determines household...
Persistent link: https://www.econbiz.de/10013060536
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Mortgage indebtedness and household financial distress
Georgarakos, Dimitris; Lojschová, Adriana; … - 2010
Using comparable survey data from twelve European countries from 1994 to 2001 we investigate households’ attitudes 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...
Persistent link: https://www.econbiz.de/10011605202
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Subprime consumer credit demand: evidence from a lender's pricing experiment
Alan, Sule; Dumitrescu, Ruxandra; Loranth, Gyongyi - 2011
We test the interest rate sensitivity of subprime credit card borrowers using a unique panel data set from a UK credit card company. What is novel about our contribution is that we were given details of a randomized interest rate experiment conducted by the lender between October 2006 and...
Persistent link: https://www.econbiz.de/10011605350
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Who invests in home equity to exempt wealth from bankruptcy?
Corradin, Stefano; Gropp, Reint E.; Huizinga, Harry; … - 2011
Homestead exemptions to personal bankruptcy allow households to retain their home equity up to a limit determined at the state level. Households that may experience bankruptcy thus have an incentive to bias their portfolios towards home equity. Using US household data from the Survey of Income...
Persistent link: https://www.econbiz.de/10011605383