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Mortgage choice and expenditure over the lifecycle : evidence from expiring interest-only loans
Andersen, Henrik Yde; Bech, Stine Ludvig - 2020
We study how homeowners' consumption responds to a negative and anticipated disposable income shock: the beginning of … the amortisation period on interest-only mortgages. We identify spending behavior through an event study approach, by … matching loan-level data that covers the universe of Danish mortgages to detailed administrative registries on borrowers. In …
Persistent link: https://www.econbiz.de/10012149871
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House Prices, Second Mortgages and Household Savings; An Empirical Investigation for the Netherlands, 1987-1994
Rouwendal, Jan; Alessie, Rob - 2002
paper we study the effect of this developmenton the demand for second mortgages and on the savings of Dutch households. We … investigatethe effect of house prices on (i) the number and size of second mortgages, (ii) the savingsof owner-occupiers and (iii … for second mortgages.Savings of homeowners decrease when house prices accelerate. We find no evidence that inc …
Persistent link: https://www.econbiz.de/10010325002
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House Prices, Second Mortgages and Household Savings; An Empirical Investigation for the Netherlands, 1987-1994
Rouwendal, Jan; Alessie, Rob - Tinbergen Institute - 2002
paper we study the effect of this development on the demand for second mortgages and on the savings of Dutch households. We … investigate the effect of house prices on (i) the number and size of second mortgages, (ii) the savings of owner-occupiers and … demand for second mortgages. Savings of homeowners decrease when house prices accelerate. We find no evidence that inc …
Persistent link: https://www.econbiz.de/10005144443
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House Prices, Second Mortgages and Household Savings; An Empirical Investigation for the Netherlands, 1987-1994
Rouwendal, Jan; Alessie, Rob - Tinbergen Instituut - 2002
paper we study the effect of this developmenton the demand for second mortgages and on the savings of Dutch households. We … investigatethe effect of house prices on (i) the number and size of second mortgages, (ii) the savingsof owner-occupiers and (iii … for second mortgages.Savings of homeowners decrease when house prices accelerate. We find no evidence that inc …
Persistent link: https://www.econbiz.de/10011256325
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House prices, second mortgages and household savings : an empirical investigation for the Netherlands, 1987 - 1994
Rouwendal, Jan; Alessie, Rob - 2002
paper we study the effect of this developmenton the demand for second mortgages and on the savings of Dutch households. We … investigatethe effect of house prices on (i) the number and size of second mortgages, (ii) the savingsof owner-occupiers and (iii … for second mortgages.Savings of homeowners decrease when house prices accelerate. We find no evidence that inc …
Persistent link: https://www.econbiz.de/10011327548
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The heterogeneous effects of household debt relief
Adelino, Manuel; Ferreira, Miguel A.; Oliveira, Miguel - 2025
more likely to enter forbearance, irrespective of income shocks. Mortgage payment suspension increases consumption and …
Persistent link: https://www.econbiz.de/10015339674
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Low interest rates and the distribution of household debt
Emiris, Marina; Koulischer, François - 2021
We study how changes in interest rates affect the borrowing of households and the distribution of debt within the population. In a model of household borrowing with credit constraints and endogenous house prices, we show that less constrained households with more pre-existing housing wealth...
Persistent link: https://www.econbiz.de/10012606472
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Low interest rates and the distribution of household debt
Emiris, Marina; Koulischer, François - 2021
We study how changes in interest rates affect the borrowing of households and the distribution of debt within the population. In a model of household borrowing with credit constraints and endogenous house prices, we show that less constrained households with more pre-existing housing wealth...
Persistent link: https://www.econbiz.de/10012520376
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Low interest rates and the distribution of household debt
Emiris, Marina; Koulischer, François - 2021
We study how changes in interest rates affect the borrowing of households and the distribution of debt within the population. In a model of household borrowing with credit constraints and endogenous house prices, we show that less constrained households with more pre-existing housing wealth...
Persistent link: https://www.econbiz.de/10012498390
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Real effects of relaxing financial constraints for homeowners: Evidence from Danish firms
De Stefani, Alessia; Moertel, Julia - 2019
We study how a reduction in financial constraints faced by homeowners affects consumption, and in turn employment … exogenous shift in consumption, which varies across municipalities and over time, is a strong predictor of the growth in …
Persistent link: https://www.econbiz.de/10012059486