[HTML][HTML] Refinancing cross-subsidies in the mortgage market
In household finance markets, inactive households can implicitly cross-subsidize active
households who promptly respond to financial incentives. We assess the magnitude and …
households who promptly respond to financial incentives. We assess the magnitude and …
Mortgage pricing and monetary policy
This paper provides novel evidence on lenders' mortgage pricing and how central bank
policies affected it. Using the universe of mortgages originated in the UK, we show that …
policies affected it. Using the universe of mortgages originated in the UK, we show that …
[PDF][PDF] Closing costs, refinancing, and inefficiencies in the mortgage market
D Zhang - 2022 - davidhzhang.com
I use a structural model to quantify the cross-subsidization in the US mortgage market due to
heterogeneous borrower refinancing tendencies. In equilibrium, the presence of borrowers …
heterogeneous borrower refinancing tendencies. In equilibrium, the presence of borrowers …
[PDF][PDF] The demand for long-term mortgage contracts and the role of collateral
L Liu - Jacobs Levy Equity Management Center for …, 2022 - aeaweb.org
Long-term fixed-rate mortgage contracts protect households against interest rate risk, yet
most countries have relatively short interest rate fixation lengths. Using administrative data …
most countries have relatively short interest rate fixation lengths. Using administrative data …
[PDF][PDF] How do households value the future? Evidence from property taxes
HRA Koster, EW Pinchbeck - CEP Discussion Paper, 2018 - aeaweb.org
Despite the near ubiquity of inter-temporal choice, there is little consensus on the rate at
which individuals trade present and future costs and benefits. We contribute to this debate …
which individuals trade present and future costs and benefits. We contribute to this debate …
Essays on applied microeconomics
JW Fisher - 2023 - etheses.lse.ac.uk
This thesis is comprised of three chapters that study individual and household behavior in
markets where they are subject to choice frictions. Chapters 1 and 2 study workers in the gig …
markets where they are subject to choice frictions. Chapters 1 and 2 study workers in the gig …