Mortgage payments and household consumption in urban China☆
Sign Up to like & getrecommendations! Published in 2020 at "Economic Modelling"
DOI: 10.1016/j.econmod.2020.07.008
Abstract: Abstract By exploiting variation both in mortgage payoffs and mortgage interest-rate resets, we find that a decline in mortgage payments induces a significant increase in nondurable goods spending, even when households have substantial amounts of… read more here.
Keywords: consumption urban; mortgage payments; mortgage; consumption ... See more keywords
Mortgage Usage and Mortgage Payments as Share of Income in China: Comparing Residential Homeowners and Housing Investors
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Financial Counseling and Planning"
DOI: 10.1891/1052-3073.29.1.154
Abstract: The study investigates factors associated with mortgage usage and the share of income that Chinese use for mortgage payments. Using data from the 2010 China Family Panel Study, we found mortgage usage shows a hump-shaped… read more here.
Keywords: mortgage; mortgage usage; share income; mortgage payments ... See more keywords