haku: @author Villanueva, E. / yhteensä: 2
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Tekijä:Martins, N. C.
Villanueva, E.
Otsikko:The impact of mortgage interest-rate subsidies on household borrowing
Lehti:Journal of Public Economics
2006 : SEP, VOL. 90:8-9, p. 1601-1623
Asiasana:borrowing
consumers
interest rates
mortgages
subsidies
Kieli:eng
Tiivistelmä:This article estimates the effect on household borrowing of a reform of a program that subsidized interest rates on mortgages signed by medium- and low-income households. The findings are that the reform should affect most the borrowing behavior of eligible individuals living in high-price areas and that after the reform, the distribution of loan sizes became more concentrated at the discontinuity point of budget constraint of eligible individuals. The findings are consistent with a negative response of household borrowing to increase in interest rates.
SCIMA tietueen numero: 264546
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