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) wealth (including unsecured debt, liquid, and illiquid assets) play in default decisions. In sharp contrast to prior studies …
Persistent link: https://www.econbiz.de/10013063505
The authors exploit new data from the Panel Study of Income Dynamics (PSID) to provide a more systematic and detailed analysis of household-level employment, income, and expense shocks to mortgage default decisions than has been possible before. These new data provide very different answers...
Persistent link: https://www.econbiz.de/10013011360
We examine the relationship between self-control and household wealth. Building on literature in psychology, we take a … standard representative survey. We find that self-control failure is strongly associated with different household net wealth …
Persistent link: https://www.econbiz.de/10013034878
Life cycle theory is applied to determine which households are more likely to have negative net worth. Negative net worth household characteristics are examined using data from the 1992, 1995, 1998, 2001, 2004, and 2007 Survey of Consumer Finances. Logit Analysis showed households in survey...
Persistent link: https://www.econbiz.de/10013103371
In this paper, we analyze the wealth accumulation and saving behavior of the retired elderly in Italy using micro data … from the “Survey of Italian Households' Income and Wealth,” a panel survey of households conducted every two years by the … Bank of Italy. We find that, on average, the retired elderly in Italy are decumulating their wealth (dissaving) but that …
Persistent link: https://www.econbiz.de/10012837210
in the 2.1-4.7% range, in line with econometric estimates that use housing wealth and consumption realizations. However … positive or negative wealth shocks. The relation between the MPC from wealth shocks and cash-on-hand is negative, consistent …
Persistent link: https://www.econbiz.de/10012864710
in the 2.1-4.7% range, in line with econometric estimates that use housing wealth and consumption realizations. However … positive or negative wealth shocks. The relation between the MPC from wealth shocks and cash-on-hand is negative, consistent …
Persistent link: https://www.econbiz.de/10012868834
financial behavior. We find that private consumption is excessively sensitive to dividend income. Investors across wealth …
Persistent link: https://www.econbiz.de/10012223798
We examine the relationship between household wealth and self-control. Although self-control has been linked to … standard representative survey. We find that self-control failure is strongly associated with different household net wealth …
Persistent link: https://www.econbiz.de/10010412690
strategic default. Wealth data suggest a limited scope for strategic default, with only one-third of underwater defaulters …
Persistent link: https://www.econbiz.de/10011401237