across socio-economic groups? ii) What is the incidence of mortgage debt across households and how does this vary across … socio-economic groups? What is the impact of mortgage debt on access to homeownership and wealth accumulation, and on debt …

Jappelli and Pagano (1994) argues that tightening the borrowing constraints in the mortgage markets promotes savings … savings and growth rates to fall. Therefore, for countries with scarce mortgage availability like those in the Middle East …, expanding the mortgage markets to some extent is conducive to savings and growth …