Household Optimism and Overborrowing

Ari Hyytinen, Hanna Putkuri

Forskningsoutput: TidskriftsbidragArtikelVetenskapligPeer review

5 Citeringar (Scopus)

Sammanfattning

We use Finnish household-level data from 1994 to 2013 to measure how often and what kind of forecast errors households make and how the errors are linked to the households' borrowing behavior and overindebtedness. We find that those households that make the largest optimistic forecast errors have greater debt-to-income ratios. They also are more likely to report that they suffer from excessive debt loads and have problems in coping with their bills. There are no such systematic effects for the households that make pessimistic forecast errors.

OriginalspråkEngelska
Referentgranskad vetenskaplig tidskriftJournal of Money, Credit and Banking
Volym50
Utgåva1
Sidor (från-till)55-76
Antal sidor22
ISSN0022-2879
DOI
StatusPublicerad - 22.01.2018
MoE-publikationstypA1 Originalartikel i en vetenskaplig tidskrift

Nyckelord

  • 511 Nationalekonomi

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