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Portfolio choice with house value misperception
Corradin, Stefano; Fillat Comenge, José Luis; … - 2017
make decisions based on their perceived level of housing wealth. Numerical simulations generate the effects of house value …
Persistent link: https://www.econbiz.de/10012059590
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La duración en el mercado de vivienda nueva en México
Rodríguez-Zamora, Carolina; Morales Ramírez, Alejandro - 2018
In this article we study the market duration of new housing built by developers in Mexico between 2013 and 2015. In … particular, this document discusses whether the physical characteristics of housing, state of location, date put on sale, time of …
Persistent link: https://www.econbiz.de/10012057068
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How important is variability in consumer credit limits?
Fulford, Scott L. - 2014
Credit limit variability is a crucial aspect of the consumption, savings, and debt decisions of households in the United States. Using a large panel, this paper first demonstrates that individuals gain and lose access to credit frequently and often have their credit limits reduced unexpectedly....
Persistent link: https://www.econbiz.de/10010478883
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Consumer revolving credit and debt over the life cycle and business cycle
Fulford, Scott L.; Schuh, Scott - 2015
Little work has examined how unsecured consumer credit, such as the limit on credit cards, varies over the life cycle, and how consumers respond to changes in their ability to borrow over the short and long term. Using a large panel of credit accounts in the United States, we document that large...
Persistent link: https://www.econbiz.de/10011754796
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The credit card debt puzzle: The role of preferences, credit risk, and financial literacy
Gorbachev, Olga; Luengo-Prado, María José - 2016
We use the 1979 National Longitudinal Survey of Youth to revisit what is termed the credit card debt puzzle: why consumers simultaneously co-hold high-interest credit card debt and lowinterest assets that could be used to pay down this debt. This dataset contains unique information on...
Persistent link: https://www.econbiz.de/10011754803
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An approach for housing wealth estimation: The Mexican case
García, Ana Laura; González, Juan Pedro; Velázquez, … - 2022
Housing is the greatest asset held by most households, and it is an important determinant of their financing and … consumption decisions. Despite the fact that measuring housing wealth is crucial for understanding households' economic behavior … data requirements while still meeting international guidelines. Our results suggest housing wealth in Mexico has followed …
Persistent link: https://www.econbiz.de/10014319977
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Cross-sectional patterns of mortgage debt during the housing boom: Evidence and implications
Foote, Christopher L.; Loewenstein, Lara; Willen, Paul S. - 2016
explanations of the early 2000s housing boom. We show that such a reallocation never occurred, as the distribution of mortgage debt …
Persistent link: https://www.econbiz.de/10011754809
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Credit card utilization and consumption over the life cycle and business cycle
Fulford, Scott L.; Schuh, Scott - 2017
The revolving credit available to consumers changes substantially over the business cycle, life cycle, and for individuals. We show that debt changes at the same time as credit, so credit utilization is remarkably stable. From ages 20-40, for example, credit card limits grow by more than 700...
Persistent link: https://www.econbiz.de/10012059588
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Credit card debt and consumer payment choice: What can we learn from credit bureau data?
Stavins, Joanna - 2018
We estimate a two-stage Heckman selection model of credit card adoption and use with a unique dataset that combines administrative data from the Equifax credit bureau and self-reported data from the Survey of Consumer Payment Choice, a representative survey of US consumers. Even though the...
Persistent link: https://www.econbiz.de/10012059598
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How does liquidity affect consumer payment choice?
Stavins, Joanna - 2019
We measure consumers' readiness to face emergency expenses. Based on data from a representative survey of US consumers, we find that financial readiness varies widely across consumers, with lowest-income, least-educated, unemployed, and black consumers most likely to have $0 saved for emergency...
Persistent link: https://www.econbiz.de/10012388943