The Hidden Costs of Hidden Debt

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

Med mindre annet er angitt, så er denne innførselen lisensiert som Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal