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Financial Behavior and Attitudes of Asians Compared to Other Racial/Ethnic Groups in the United States
Hanna, Sherman D. - 2015
analyzed as a separate group and should not be combined with other racial/ethnic groups for comparison purposes …
Persistent link: https://www.econbiz.de/10013024749
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Tracking and stress-testing U.S. household leverage
Fuster, Andreas; Guttman-Kenney, Benedict; Haughwout, Andrew - 2016
Borrowers' housing equity is an important component of their wealth and a critical determinant of their vulnerability to shocks. In this paper, we create a unique data set that allows us to provide a comprehensive look at the ratio of housing debt to housing values - what we refer to as...
Persistent link: https://www.econbiz.de/10011523769
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Import competition and household debt
Barrot, Jean-Noël; Loualiche, Erik; Plosser, Matthew; … - 2017
We analyze the effect of import competition on household balance sheets from 2000 to 2007 using individual data on consumer finances. We exploit variation in exposure to foreign competition using industry-level shipping costs and initial differences in regions' industry specialization. We show...
Persistent link: https://www.econbiz.de/10011708618
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Mortgage market maturity and homeownership inequality among young households : a five-country perspective
Bičáková, Alena; Sierminska, Eva - 2008 - This version: February 2008
relate it to cross-country differences in mortgage market maturity. We find that aside from Italy, homeownership rates and … inequality in the four countries correspond to their mortgage take up rates and its distribution across income, reflecting the … different degree of development of their respective mortgage markets. In Italy, alternative ways of financing, such as family …
Persistent link: https://www.econbiz.de/10011631928
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Liquidity in the Mortgage Market : How Does the COVID-19 Crisis Compare with the Global Financial Crisis?
Pence, Karen M. - 2022
The liquidity strains that contributed to the meltdown of the mortgage market in the Global Financial Crisis (GFC) re …-emerged in the Coronavirus 2019 (COVID-19) Crisis. Some of these strains were acute. For example, the dependence of mortgage real … pressures had only minor repercussions for the overall mortgage market because of reforms since the GFC, a heavy government …
Persistent link: https://www.econbiz.de/10013404844
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The Effects of Financial Literacy Overconfidence on the Mortgage Delinquency of US Households
Kim, Kyoung Tae - 2019
This study investigated the effect of objective and subjective financial literacy on mortgage payment delinquency using …
Persistent link: https://www.econbiz.de/10012897977
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How the Federal Reserve's Large-Scale Asset Purchases (LSAPs) Influence Mortgage-Backed Securities (MBS) Yields and U.S. Mortgage Rates
Hancock, Diana - 2014
mortgage rates. The Federal Reserve's accumulation of MBS and Treasury securities lowered MBS yields and mortgage rates by more … turn significantly lower mortgage rates …
Persistent link: https://www.econbiz.de/10013059311
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Insolvency after the 2005 bankruptcy reform
Albanesi, Stefania; Nosal, Jaromir - 2015
Using a comprehensive panel dataset on U.S. households, we study the effects of the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA), the most substantive reform of personal bankruptcy in the United States since the Bankruptcy Reform Act of 1978. The 2005 legislation...
Persistent link: https://www.econbiz.de/10010505950
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The Anatomy of U.S. Personal Bankruptcy Under Chapter 13
Eraslan, Hulya; Li, Wenli; Sarte, Pierre-Daniel G. - 2019
By compiling a novel data set from bankruptcy court dockets recorded in Delaware between 2001 and 2002, the authors build and estimate a structural model of Chapter 13 bankruptcy. This allows them to quantify how key debtor characteristics, including whether they are experiencing bankruptcy for...
Persistent link: https://www.econbiz.de/10014222419
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Wage Garnishment in the United States : New Facts from Administrative Payroll Records
DeFusco, Anthony A.; Enriquez, Brandon M.; Yellen, … - National Bureau of Economic Research - 2022
Wage garnishment allows private and public creditors to pull money directly out of a worker's paycheck to repay defaulted debt. Despite growing public concern surrounding the effects of strict debt collection mechanisms, a dearth of data has precluded empirical examination of the prevalence of...
Persistent link: https://www.econbiz.de/10013477216