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Mortgage indebtedness and household financial distress

Georgarakos, Dimitris; Lojschova, Adriana; … - 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 …. - Mortgage debt ; credit markets ; financial distress ; household finance ; peer effects …

Persistent link: https://www.econbiz.de/10003971055

Borrowing constraints, own labour and homeownership : does it pay to paint your walls?

Lindner, Peter; Mathä, Thomas; Pulina, Giuseppe; … - 2020

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

Persistent link: https://www.econbiz.de/10012299081

Behavioural characteristics and financial distress

McCarthy, Yvonne - 2011

Using a new nationally representative survey of financial capability and experience in the UK and Ireland, I investigate the key factors that cause individuals to experience financial distress. In this context, a key area that I focus on is whether individuals' behavioural traits, such as their...

Persistent link: https://www.econbiz.de/10008902392

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 inuenced 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/10008902398

Liquidity constraints and demand for maturity the case of mortgages

Ferrari, Alessandro; Loseto, Marco - 2023

Using administrative data on mortgages issued in Italy between 2018 and 2019, this paper estimates loan demand elasticities to maturity and interest rate. We find that households are responsive to both contract terms: a 1% decrease in interest rate increases the average loan size by 0.22%...