dc.contributor.author | Almenberg, Johan | |
dc.contributor.author | Karapetyan, Artashes | |
dc.date.accessioned | 2018-05-03T10:52:05Z | |
dc.date.available | 2018-05-03T10:52:05Z | |
dc.date.issued | 2011 | |
dc.identifier.isbn | 978-82-7553-645-5 | |
dc.identifier.issn | 1502-8143 | |
dc.identifier.uri | http://hdl.handle.net/11250/2496937 | |
dc.description.abstract | 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. Survey evidence corroborates the existence of such a bias. We outline a simple model in which some consumers are biased and show that under plausible assumptions this affects prices in equilibrium. Market data support the predictions of the model. | nb_NO |
dc.language.iso | eng | nb_NO |
dc.publisher | Norges Bank | nb_NO |
dc.relation.ispartofseries | Working Papers;22/2011 | |
dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/deed.no | * |
dc.subject | JEL: D12 | nb_NO |
dc.subject | JEL: G14 | nb_NO |
dc.subject | JEL: G21 | nb_NO |
dc.subject | JEL: G32 | nb_NO |
dc.subject | salience | nb_NO |
dc.subject | debt | nb_NO |
dc.subject | housing market | nb_NO |
dc.subject | co-op | nb_NO |
dc.subject | capital structure | nb_NO |
dc.title | The Hidden Costs of Hidden Debt | nb_NO |
dc.type | Working paper | nb_NO |
dc.description.version | publishedVersion | nb_NO |
dc.subject.nsi | VDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212 | nb_NO |
dc.source.pagenumber | 30 | nb_NO |