| |
Mortgage Choice as a Natural Field Experiment on Choice under Risk
|
Material Type |
Article
|
Author(s) |
BACON, PHILOMENA M (Author)
|
Source Journal Info. |
Title:
Journal of Money, Credit, and Banking
|
|
Volume/ Issue No.: 2012/OCT V.44 N.7
Call No.:332.05 JMC Location: Periodicals & References Hall - 2nd floor
|
Physical Description |
p1401–1426
|
Subject Area/ Descriptors |
Economics
(9033)
|
|
|
Abstract |
Data on approximately 280,000 borrowers from the UK Survey of Mortgage Lenders are used to model choices between variable and fixed rate mortgages. The choice is assumed to depend on three factors: risk attitude, interest-rate expectations, and individual discount rate. The ordered probit model is used for estimation...
Full Abstract
|
| More Articles from:
Journal:
Journal of Money, Credit, and Banking
(532)
Issu: 2012/OCT V.44 N.7
|
|
|
|
| |
|
Search Through eResources |
● |
● |
Related topics |
|
|
|
|