Chris Dawson
Something will turn up? Financial over-optimism and mortgage arrears
Dawson, Chris; Henley, Andrew
Authors
Andrew Henley
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. © 2012 Elsevier B.V.
Citation
Dawson, C., & Henley, A. (2012). Something will turn up? Financial over-optimism and mortgage arrears. Economics Letters, 117(1), 49-52. https://doi.org/10.1016/j.econlet.2012.04.063
Journal Article Type | Article |
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Publication Date | Oct 1, 2012 |
Deposit Date | Oct 22, 2012 |
Journal | Economics Letters |
Print ISSN | 0165-1765 |
Publisher | Elsevier |
Peer Reviewed | Peer Reviewed |
Volume | 117 |
Issue | 1 |
Pages | 49-52 |
DOI | https://doi.org/10.1016/j.econlet.2012.04.063 |
Keywords | financial optimism, expectations, mortgage arrears |
Public URL | https://uwe-repository.worktribe.com/output/943222 |
Publisher URL | http://dx.doi.org/10.1016/j.econlet.2012.04.063 |