Blar i Arbeidsnotater / Working Papers på emneord "household finance"
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Mental Accounting in the Housing Market
(Working Papers;20/2010, Working paper, 2010)We report evidence that salience may have economically significant effects on homeowners' borrowing behavior, through a bias in favour of less salient but more costly loans. We outline a simple model in which some consumers ... -
Peer effects and debt accumulation: Evidence from lottery winnings
(Working Paper;10/2021, Working paper, 2021)I estimate the effect of lottery winnings on peers' debt accumulation using administrative data from Norway. I identify neighbors of lottery winners, and estimate an average debt response of 2.1 percent of the lottery ... -
Salience of Debt and Homebuyers’ Credit Decisions
(Working Papers;21/2015, Working paper, 2015)We show how a regulatory disclosure of hidden debt can eliminate a large mispricing in housing. In a setting where homebuyers must combine several sources of debt, they are biased towards hidden loans, especially if they ... -
The Saving and Employment Effects of Higher Job Loss Risk
(Working Paper;17/2019, Working paper, 2019)In this paper we use Norwegian tax data and a novel natural experiment to isolate the impact of job loss risk on saving behavior. We find that a one percentage point increase in job loss risk increases liquid savings by ...