Please use this identifier to cite or link to this item: http://hdl.handle.net/2381/4440
Title: Mortgages and Financial Expectations: A Household Level Analysis
Authors: Brown, Sarah B.
Garino, Gaia
Taylor, Karl B.
First Published: Dec-2006
Publisher: Dept. of Economics, University of Leicester
Abstract: We contribute to the literature on household mortgage debt by exploring one particular influence on mortgage debt at the household level, namely the financial expectations of the individuals within the household. Our theoretical model predicts a positive association between the quantity of mortgage debt and optimistic financial expectations. Our empirical findings based on household level data provide convincing support for our theoretical priors in that optimistic financial expectations are positively associated with the level of outstanding mortgage debt.
Series/Report no.: 05/9
Links: http://www.le.ac.uk/economics/research/discussion/papers2005.html
http://hdl.handle.net/2381/4440
Type: Report
Appears in Collections:Reports, Dept. of Economics

Files in This Item:
File Description SizeFormat 
dp05-9.pdf598.72 kBAdobe PDFView/Open


Items in LRA are protected by copyright, with all rights reserved, unless otherwise indicated.