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Nominal Mortgage Contracts and the Effects of Inflation on Portfolio Allocation

Nichols, Joseph B. - 2008

demonstrates how the share of total wealth held in housing is sensitive to the rate of inflation, even when perfectly anticipated …

Persistent link: https://www.econbiz.de/10014216526

Student Loans and Homeownership

Mezza, Alvaro - 2017

We estimate the effect of student loan debt on subsequent homeownership in a uniquely constructed administrative dataset for a nationally representative cohort. We instrument for the amount of individual student debt using changes to the in-state tuition rate at public 4-year colleges in the...

Persistent link: https://www.econbiz.de/10012970032

Reversing the Trend : The Recent Expansion of the Reverse Mortgage Market

Shan, Hui - 2010

Reverse mortgages allow elderly homeowners to tap into their housing wealth without having to sell or move out of their … more likely to purchase reverse mortgages when the local housing market is at its peak. This finding suggests that the 2000 …-05 housing market boom may be partially responsible for the rapid growth of reverse mortgage markets. Lastly, I show that the …

Persistent link: https://www.econbiz.de/10014202553

Confidence, Financial Literacy and Investment in Risky Assets : Evidence from the Survey of Consumer Finances

Cupák, Andrej - 2020

We employ recent Survey of Consumer Finances (SCF) microdata from the US to analyze the impacts of confidence in one's own financial knowledge, confidence in the economy, and objective financial literacy on investment in risky financial assets (equity and bonds) on both the extensive and...

Persistent link: https://www.econbiz.de/10012834179

The Smart Money is in Cash? Financial Literacy and Liquid Savings Among U.S. Families

Bhutta, Neil; Blair, Jacqueline; Dettling, Lisa J. - 2022

Most financial advisors recommend storing three to six months of expenses in liquid assets in case of an emergency. Yet we estimate that more than half of U.S. families do not have at least three months of their non-discretionary expenses in liquid savings. We find that financial literacy is...

Persistent link: https://www.econbiz.de/10013309614

Returning to the Nest : Debt and Parental Co-Residence Among Young Adults

Dettling, Lisa J. - 2014

This paper examines the relationship between a young adults' debt burden and the decision to co-reside with a parent. Using a quarterly panel of young adults' credit histories, and controlling for age, country, and quarter fixed effects, and local demographic characteristics, unemployment rates,...

Persistent link: https://www.econbiz.de/10013045466

Gamblers as Personal Finance Activists

Li, Geng - 2012

Gambling behavior can serve as an informative indicator of important household heterogeneity that is difficult to observe directly in data. We present, to the best of our knowledge, the first comprehensive study of the consumption and personal finance of gamblers using a nationwide...

Persistent link: https://www.econbiz.de/10013106836

Do Homeowners Know Their House Values and Mortgage Terms?

Pence, Karen M. - 2006

To assess whether homeowners know their house values and mortgage terms, we compare the distributions of these variables in the household-reported 2001 Survey of Consumer Finances (SCF) to the distributions in lender-reported data. We also examine the share of SCF respondents who report not...

Persistent link: https://www.econbiz.de/10012733743

How Much are Car Purchases Driven by Home Equity Withdrawal?

McCully, Brett - 2020

Previous research indicates that changes in housing wealth affect consumer spending on cars. We find that home equity … directly, even during the mid-2000s housing boom; this finding holds across three nationally representative household surveys …

Persistent link: https://www.econbiz.de/10012855857

For Better and for Worse? Effects of Access to High-Cost Consumer Credit

Dobridge, Christine - 2016

-being. Loan access reduces spending on nondurable goods overall and reduces housing- and food-related spending particularly. These …

Persistent link: https://www.econbiz.de/10013210424