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

Chris Dawson; Andrew Henley

doi:10.1016/j.econlet.2012.04.063

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

Chris Dawson, Andrew Henley

Research output: Contribution to journal › Article › peer-review

19 Citations (SciVal)

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.

Original language	English
Pages (from-to)	49-52
Number of pages	4
Journal	Economics Letters
Volume	117
Issue number	1
DOIs	https://doi.org/10.1016/j.econlet.2012.04.063
Publication status	Published - Oct 2012

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10.1016/j.econlet.2012.04.063

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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.",

author = "Chris Dawson and Andrew Henley",

year = "2012",

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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.

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UR - http://dx.doi.org/10.1016/j.econlet.2012.04.063

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DO - 10.1016/j.econlet.2012.04.063

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JO - Economics Letters

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

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