Mortgages and financial expectations: A household-level analysis

被引：14

作者：

Brown, Sarah ^{[2
]}

Garino, Gaia ^{[1
]}

Taylor, Karl ^{[2
]}

机构：

[1] Univ Leicester, Dept Econ, Leicester LE1 7RH, Leics, England

[2] Univ Sheffield, Dept Econ, Sheffield S1 4DT, S Yorkshire, England

来源：

SOUTHERN ECONOMIC JOURNAL | 2008年 / 74卷 / 03期

关键词：

D O I：

10.2307/20112000

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

引用

页码：857 / 878

页数：22

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