G2TT
来源类型Discussion paper
规范类型论文
来源IDDP11589
DP11589 Housing, Mortgages, and Self Control
Kathrin Schlafmann
发表日期2016-10-30
出版年2016
语种英语
摘要Using a quantitative theoretical framework this paper analyzes how problems of self control influence housing and mortgage decisions. The results show that people with stronger problems of self control are less likely to become home owners, even though houses serve as commitment for saving. The paper then investigates the welfare effects of regulating mortgage products if people differ in their degree of self control. Higher down payment requirements and restrictions on prepayment turn out to be beneficial to people with sufficiently strong problems of self control, even though these policies further restrict access to the commitment device.
主题Monetary Economics and Fluctuations
关键词Housing Mortgages Self control Temptation Commitment device
URLhttps://cepr.org/publications/dp11589
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/540403
推荐引用方式
GB/T 7714
Kathrin Schlafmann. DP11589 Housing, Mortgages, and Self Control. 2016.
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