Health Uninsurance Premium and Mortgage Interest Rates
I show that lenders charge higher interest rates on mortgage-financed houses in areas with a higher rate of health uninsurance to protect themselves against a potential future bankruptcy of the borrower caused by health uninsurance. The health uninsurance premium is higher for applicants who are more likely to file for bankruptcy and for mortgage-financed houses in areas where there are greater benefits to obtaining insurance or where there is a higher percentage of uninsured people who cannot afford insurance. The premium is lower following the implementation of the requirement to have qualifying health insurance coverage under the Affordable Care Act
Year of publication: |
2022
|
---|---|
Authors: | Gill, Balbinder |
Publisher: |
[S.l.] : SSRN |
Subject: | Hypothek | Mortgage | Zins | Interest rate | Krankenversicherung | Health insurance | Risikoprämie | Risk premium |
Saved in:
freely available
Saved in favorites
Similar items by subject
-
Health uninsurance premium and mortgage interest rates
Gill, Balbinder Singh, (2023)
-
Evaluating the costs of increased lending in low and negative growth local housing markets
Gong, Frank Fangxiong, (1998)
-
Magri, Silvia, (2019)
- More ...