Incentives Information and Efficiency in the UK Mortgage Market
Dados Bibliográficos
| ID | 9706127 |
|---|---|
| Autores | David Miles (0000-0002-6387-0041, Imperial College London and Morgan Stanley, autor correspondente) |
| Ano | 2005 |
| Volume | 115 |
| Fascículo | 502 |
| Páginas | C82-C98 |
| Data de publicação | 2005-03-01 |
| Peer Reviewed | Sim |
| Open Access | Sim |
| Tipo | ARTICLE |
| Periódico | The Economic Journal (JOURNAL) |
| Identificadores do periódico | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Editora | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.0013-0133.2005.00981.x |
| OpenAlex | W1980614102 |
| Idioma | EN |
| Citações recebidas | 3 |
| Referências citadas | 1 |
This paper analyses the choices made by households in the UK about mortgages. It considers whether there might be forms of market failure that prevent the structure of mortgage debt better reflecting the underlying preferences of households. UK households lie at one end of a spectrum of the degree of uncertainty over the nominal payments due on mortgage debt. There are several different hypotheses for the type of mortgages households choose. Some are consistent with an efficient market, others not. The paper looks at alternative explanations for the behaviour of UK households and assesses which are consistent with the evidence. Copyright 2005 Royal Economic Society
Actuarial science · Business · Debt · Economics · Incentive · Insurance policy · Microeconomics · Monetary economics · Mortgage insurance · Payment · Public economics · Shared appreciation mortgage · Finance · Financial Literacy, Pension, Retirement Analysis · Housing Market and Economics · Housing, Finance, and Neoliberalism
| Obras citantes distintas | 3 |
|---|---|
| Citações por ano | 0,18 |
| Intervalo de citações | 2009 - 2017 (9) |
| Velocidade de citação | historical |
| Altamente citado | Não |
| Tipos de citação | Neutras: 3 |