Something will turn up? Financial over-optimism and mortgage arrears

Chris Dawson; Andrew Gordon Henley

doi:10.1016/j.econlet.2012.04.063

Something will turn up? Financial over-optimism and mortgage arrears

Chris Dawson
, Andrew Gordon Henley

Ysgol Fusnes

University of the West of England

Allbwn ymchwil: Cyfraniad at gyfnodolyn › Erthygl › adolygiad gan gymheiriaid

19 Dyfyniadau (Scopus)

Crynodeb

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.

Iaith wreiddiol	Saesneg
Tudalennau (o-i)	49-52
Cyfnodolyn	Economics Letters
Cyfrol	117
Rhif cyhoeddi	1
Dynodwyr Gwrthrych Digidol (DOIs)	https://doi.org/10.1016/j.econlet.2012.04.063
Statws	Cyhoeddwyd - Hyd 2012

Mynediad at Ddogfen

10.1016/j.econlet.2012.04.063

http://www.sciencedirect.com/science/article/pii/S0165176512002042

Cysylltiad parhaol

Dolen barhaus

Ffeiliau eraill a chysylltiadau

http://hdl.handle.net/2160/11190

Dyfynnu hyn

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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",

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AU - Dawson, Chris

AU - Henley, Andrew Gordon

N1 - 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.

PY - 2012/10

Y1 - 2012/10

N2 - 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.

AB - 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.

KW - Financial optimism

KW - Expectations

KW - Mortgage arrears

UR - http://hdl.handle.net/2160/11190

U2 - 10.1016/j.econlet.2012.04.063

DO - 10.1016/j.econlet.2012.04.063

M3 - Article

SN - 0165-1765

VL - 117

SP - 49

EP - 52

JO - Economics Letters

JF - Economics Letters

IS - 1

ER -

Something will turn up? Financial over-optimism and mortgage arrears

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Mynediad at Ddogfen

Cysylltiad parhaol

Ffeiliau eraill a chysylltiadau

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