This paper analyzes how financial literacy and reported willingness to take financial risk impact a household's choice of mortgage type. The results show that households reporting higher financial literacy and lower risk aversion are 55 to 97 percent more likely to opt for interest-only...

We analyse the impact of homeownership on neighbourhood safety and neighbourhood satisfaction, using a unique panel dataset for the city of Rotterdam. Our results show that there are significant, but economically small, effects of homeownership on safety and satisfaction. Moreover, the relation...

This paper analyzes how financial literacy and reported willingness to take financial risk impact a household's choice of mortgage type. The results show that households reporting higher financial literacy and lower risk aversion are 55 to 97 percent more likely to opt for interest-only...

The article analyses the impact of homeownership on neighbourhood safety and neighbourhood satisfaction, using a unique panel dataset for the city of Rotterdam. The results show that there are significant, but economically small, effects of homeownership on safety and satisfaction. Moreover, the...

Does homeownership benefit neighborhoods? We analyze two specific positive externalities of homeownership in neighborhoods: perceived safety and neighborhood satisfaction. Our analysis addresses two important questions: ëHow does the causal relation run between homeownership-rates and...

This paper analyzes how financial literacy and reported willingness to take financial risk impact a household’s choice of mortgage type. The results show that households reporting higher financial literacy and lower risk aversion are 55 to 97 % more likely to opt for interest-only mortgages....