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Payment size, negative equity, and mortgage default

Fuster, Andreas; Willen, Paul S. - 2012

Surprisingly little is known about the importance of mortgage payment size for default, as efforts to measure the treatment effect of rate increases or loan modifications are confounded by borrower selection. We study a sample of hybrid adjustable-rate mortgages that have experienced large rate...

Persistent link: https://www.econbiz.de/10010377446

Summary of the Workshop on Consumer Behavior and Payment Choice

Schuh, Scott; Stavins, Joanna - 2008

. Topics addressed are the consumer adoption of new payment technologies, credit card debt management, payment card surcharges …

Persistent link: https://www.econbiz.de/10010282747

The Boston Fed study of consumer behavior and payment choice: A survey of Federal Reserve System employees

Benton, Marques; Blair, Krista; Crowe, Marianne; Schuh, … - 2007

and payment choice are publicly available. This paper describes the results of a survey of payment behavior and attitudes … taken by Federal Reserve employees in 2004. Major contributions of the survey are that it asks: 1) why payment choices are … payment choice. Although the survey is not statistically representative of U.S. consumers, and thus may not provide accurate …

Persistent link: https://www.econbiz.de/10010282767

Consumer behavior and payment choice: 2006 conference summary

Carten, Margaret; Littman, Dan; Schuh, Scott; Stavins, … - 2007

This paper summarizes the proceedings of the second Consumer Behavior and Payment Choice conference, held at the Federal Reserve Bank of Boston on July 2527, 2006. These conferences are unique in featuring the collaboration of two groups of payments experts the private-sector payments industry...

Persistent link: https://www.econbiz.de/10010282779

Lifecycle prices and production

Aguiar, Mark; Hurst, Erik - 2005

Using scanner data and time diaries, we document how households substitute time for money through shopping and home production. We find evidence that there is substantial heterogeneity in prices paid across households for identical consumption goods in the same metro area at any given point in...

Persistent link: https://www.econbiz.de/10010282783

Adopting, using, and discarding paper and electronic payment instruments: Variation by age and race

Mann, Ronald J. - 2011

This paper uses data from the 2008 Survey of Consumer Payment Choice to discuss the adoption, use, and discarding of …

Persistent link: https://www.econbiz.de/10010282787

The 2009 survey of consumer payment choice

Foster, Kevin; Meijer, Erik; Schuh, Scott; Zabek, Michael A. - 2011

This paper presents results of the 2009 Survey of Consumer Payment Choice (SCPC), along with revised 2008 SCPC data. In …

Persistent link: https://www.econbiz.de/10010286942

Eyes on the Prize: How Did the Fed Respond to the Stock Market?

Tootell, Geoff; Fuhrer, Jeff - 2004

The appropriate role for equity prices in monetary policy deliberations has been hotly debated for some time. Recent work suggests that equity prices have affected monetary policy decisions above and beyond their indirect effect on the traditional goal variables of the FOMC. However, the...

Persistent link: https://www.econbiz.de/10010263329

Wives' Work and Family Income Mobility

Bradbury, Katharine; Katz, Jane - 2004

Married women in the United States are increasingly integral to their families' economic wellbeing. With two-earner families becoming the norm, little research investigates the role of wives in family income mobility. How much does a wife's labor market activity matter in her family's ability to...

Persistent link: https://www.econbiz.de/10010263330

Educational Opportunity and Income Inequality

Hendel, Igal; Shapiro, Joel; Willen, Paul - 2004

Affordable higher education is, and has been, a key element of social policy in the United States with broad bipartisan support. Financial aid has substantially increased the number of people who complete university - generally thought to be a good thing. We show, however, that making education...

Persistent link: https://www.econbiz.de/10010263332