@article{b8e25176472841358987468cf05d4a35,
title = "Something will turn up? Financial over-optimism and mortgage arrears",
abstract = "This paper investigates the association between unrealised financial expectations (over-optimism) and subsequent mortgage repayment difficulties, using British longitudinal data. Evidence is provided that an increased probability of mortgage payment difficulties post committal is associated with over-optimism prior to new mortgage advances.",
keywords = "Financial optimism, Expectations, Mortgage arrears",
author = "Chris Dawson and Henley, {Andrew Gordon}",
note = "REF Output 3: Original research article in refereed journal 3*. Article uses UK longitudinal household data to investigate extent to which prior financial over-optimism is associated with subsequent mortgage payment distress and default. paper identifies statistically significant association, and points to importance of improved household financial literacy as a strategy to prevent mortgage arrears.",
year = "2012",
month = oct,
doi = "10.1016/j.econlet.2012.04.063",
language = "English",
volume = "117",
pages = "49--52",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier",
number = "1",
}