Zahirovic-Herbert, Velma; Gibler, Karen M.; Chatterjee, … - In: International Journal of Housing Markets and Analysis 9 (2016) 2, pp. 164-189
Purpose The purpose of this paper is to evaluate whether low financial literacy is associated with the use of risky mortgages and delinquency. Design/methodology/approach A probit analysis is used to analyze the results of a survey of US homeowners. Findings It was found that borrowers with low...