Homeownership rates have increased significantly in many OECD countries over recent
decades. Using micro-econometric decomposition techniques, this paper shows that part of …

This article accounts for the boom in homeownership from 1994 to 2005 by examining the
roles of demographic changes and mortgage innovations. To measure the impact of these …

The objective of this paper is to understand how loan structure affects (i) the borrower's
selection of a mortgage contract and (ii) the aggregate economy. We develop a quantitative …

Homeownership rates have increased significantly in many OECD countries over recent
decades. Using micro-econometric decomposition techniques, this paper shows that part of …

Increasing mortgage debt among older households has been cited as evidence of financial
distress caused by low financial knowledge, poor lending practices, and an increased …

This article uses a random digit dial probability sample (N= 328) to examine the relationship
between credit card use behaviors and household well-being during a period of severe …

Over the past several decades, innovations in the mortgage market have benefited
consumers through a variety of channels. Innovations include the lowering of down payment …

This paper examines some of the more recent mortgage products now available to
borrowers. The authors describe how these products differ across important characteristics …

This article uses the Federal Reserve Board's Survey of Consumer Finances to examine the
debt holdings of near-retirees (aged 50-61) in 1995 and 2004. Employing a variety of …

Various policy developments and long-term economic, social, and demographic trends raise
worrisome questions about the financial security of future retirees. An erosion in employer …