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Reverse mortgage participation in the United States : evidence from a national study

Chatterjee, Swarn - In: International Journal of Financial Studies : open … 4 (2016) 1, pp. 1-10

This paper uses the most recent wave of a nationally representative dataset to examine the factors associated with elderly homeowners' decision to obtain reverse mortgage loans. The findings of this study suggest that very few homeowners participated in the reverse mortgage market, and...

Persistent link: https://www.econbiz.de/10011474457

Credit conditions and consumption, house prices and debt : what makes Canada different?

Muellbauer, John; St-Amant, Pierre; Williams, David - 2015

transmission. We trace the impact of shifts in non-price household credit conditions through joint estimation of a system of error … for income and household portfolios, easier credit conditions raise house prices, debt and consumption. However, unlike in …

Persistent link: https://www.econbiz.de/10011408596

Household Debt to Household Income vs Government Debt to GDP : An Empirical Analysis with Panel Data in Europe

Georgiou, Miltiades N. - 2011

government debt to GDP and the household debt to total household income. The estimation of the model is made feasible through the …

Persistent link: https://www.econbiz.de/10013118677

Evidence on Household Savings in Italy

Coscarelli, Angela - 2011

the relationship between population structure and Italian household savings. Data is collected on Italian household saving …

Persistent link: https://www.econbiz.de/10013123234

Are Adjustable-Rate Mortgage Borrowers Borrowing Constrained?

Johnson, Kathleen - 2011

Past research argues that changes in adjustable-rate mortgage (ARM) payments may lead households to cut back on consumption or to default on their mortgages. In this paper, we argue that these outcomes are more likely if ARM borrowers are borrowing constrained, and find that ARM borrowers...

Persistent link: https://www.econbiz.de/10013124982

Are Adjustable-Rate Mortgage Borrowers Borrowing Constrained?

Johnson, Kathleen - 2012

Past research argues that changes in adjustable-rate mortgage (ARM) payments may lead households to cut back on consumption. These outcomes are more likely if ARM borrowers are borrowing constrained, and we show in this paper that ARM borrowers exhibit attitudes towards borrowing and behavior...

Persistent link: https://www.econbiz.de/10013097415

Household Leverage

Corradin, Stefano - 2012

I propose a life-cycle model where a finitely lived risk averse agent finances her housing investment choosing to provide a down payment. After signing the mortgage contract, the agent may strategically default and move into the rental market. Risk neutral lenders efficiently price mortgages...

Persistent link: https://www.econbiz.de/10013104146

The Real Effects of Household Debt in the Short and Long Run

Lombardi, Marco J. - 2017

Household debt levels relative to GDP have risen rapidly in many countries over the past decade. We investigate the … problem of endogeneity present in traditional regressions. Using data on 54 economies over 1990-2015, we show that household … in the household debt-to-GDP ratio tends to lower growth in the long run by 0.1 percentage point. Our results suggest …

Persistent link: https://www.econbiz.de/10012964573

Consumption and Portfolio Rebalancing Response of Households to Monetary Policy : Evidence of the HANK Channel

Agarwal, Sumit - 2020

unique panel dataset of household's credit and debit card spending, ATM withdrawals, financial investments into risky assets …. These results highlight how the heterogeneity in contract design and household wealth affects the monetary policy pass-through …

Persistent link: https://www.econbiz.de/10012835832

Macroprudential Policy and Household Wealth Inequality

Carpantier, Jean-Francois - 2017

emerging markets and advanced countries alike. Given that housing is the most important asset in household portfolios, relaxing … or tightening access to mortgages may affect the distribution of household wealth in the country. In a stylised model we … illustrated with estimations of "Gini Recentered Influence Function" regressions on household survey data from 12 eurozone …

Persistent link: https://www.econbiz.de/10012953956