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Nominal Mortgage Contracts and the Effects of Inflation on Portfolio Allocation
Nichols, Joseph - 2008
demonstrates how the share of total wealth held in housing is sensitive to the rate of inflation, even when perfectly anticipated …
Persistent link: https://www.econbiz.de/10014216526
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Student Loans and Homeownership
Mezza, Alvaro - 2017
We estimate the effect of student loan debt on subsequent homeownership in a uniquely constructed administrative dataset for a nationally representative cohort. We instrument for the amount of individual student debt using changes to the in-state tuition rate at public 4-year colleges in the...
Persistent link: https://www.econbiz.de/10012970032
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Reversing the Trend : The Recent Expansion of the Reverse Mortgage Market
Shan, Hui - 2010
Reverse mortgages allow elderly homeowners to tap into their housing wealth without having to sell or move out of their … more likely to purchase reverse mortgages when the local housing market is at its peak. This finding suggests that the 2000 …-05 housing market boom may be partially responsible for the rapid growth of reverse mortgage markets. Lastly, I show that the …
Persistent link: https://www.econbiz.de/10014202553
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Gamblers as Personal Finance Activists
Li, Geng - 2012
Gambling behavior can serve as an informative indicator of important household heterogeneity that is difficult to observe directly in data. We present, to the best of our knowledge, the first comprehensive study of the consumption and personal finance of gamblers using a nationwide...
Persistent link: https://www.econbiz.de/10013106836
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Do Homeowners Know Their House Values and Mortgage Terms?
Pence, Karen M. - 2006
To assess whether homeowners know their house values and mortgage terms, we compare the distributions of these variables in the household-reported 2001 Survey of Consumer Finances (SCF) to the distributions in lender-reported data. We also examine the share of SCF respondents who report not...
Persistent link: https://www.econbiz.de/10012733743
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How Much are Car Purchases Driven by Home Equity Withdrawal?
McCully, Brett - 2020
Previous research indicates that changes in housing wealth affect consumer spending on cars. We find that home equity … directly, even during the mid-2000s housing boom; this finding holds across three nationally representative household surveys …
Persistent link: https://www.econbiz.de/10012855857
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Wealth, Pensions, Debt, and Savings : Considerations for a Panel Survey
Bucks, Brian - 2015
Several U.S. panel surveys measure household wealth. At the same time, many important questions about household wealth accumulation remain somewhat unresolved. We consider whether measurement error on the existing suite of longitudinal surveys hinders their usefulness for addressing these...
Persistent link: https://www.econbiz.de/10013023807
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Signaling Status : The Impact of Relative Income on Household Consumption and Financial Decisions
Bricker, Jesse - 2014
This paper investigates the importance of status in household consumption and financial decisions using household data from the Survey of Consumer Finances (SCF) linked to neighborhood data in the American Community Survey (ACS). We find evidence that a household's income rank — its position...
Persistent link: https://www.econbiz.de/10013046477
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For Better and for Worse? Effects of Access to High-Cost Consumer Credit
Dobridge, Christine - 2016
-being. Loan access reduces spending on nondurable goods overall and reduces housing- and food-related spending particularly. These …
Persistent link: https://www.econbiz.de/10013210424
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Confidence, Financial Literacy and Investment in Risky Assets : Evidence from the Survey of Consumer Finances
Cupák, Andrej - 2020
We employ recent Survey of Consumer Finances (SCF) microdata from the US to analyze the impacts of confidence in one's own financial knowledge, confidence in the economy, and objective financial literacy on investment in risky financial assets (equity and bonds) on both the extensive and...
Persistent link: https://www.econbiz.de/10012834179