Household Optimism and Overborrowing

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dc.contributor.author Hyytinen, Ari
dc.contributor.author Putkuri, Hanna
dc.date.accessioned 2018-03-22T15:51:32Z
dc.date.available 2018-03-22T15:51:32Z
dc.date.issued 2018
dc.identifier.uri https://helda.helsinki.fi/bof/handle/123456789/15342
dc.description.abstract 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.
dc.language.iso ENG
dc.subject Suomi
dc.subject.other borrowing
dc.subject.other forecast errors
dc.subject.other overindebtedness
dc.title Household Optimism and Overborrowing
dc.type Journal Article
dc.identifier.urn URN:NBN:fi:bof-201803221381
dc.subject.jel D14
dc.subject.jel D91
dc.series.name Journal of Money, Credit and Banking
dc.series.year 2018
dc.series.volume 50
dc.series.number 1; February 2018
dc.series.sortingnumber 0001
dc.date.publication 22.1.2018
dc.subject.yso velkaantuminen
dc.subject.yso kotitaloudet (organisaatiot)
dc.subject.yso luotot
dc.subject.yso tulot
dc.subject.yso odotukset
dc.subject.yso taloudelliset ennusteet
dc.subject.yso virheet
dc.description.publication Published in Bank of Finland Research Discussion Papers 21/2012.
dc.description.publication http://urn.fi/URN:NBN:fi:bof-20140807347
dc.type.okm A1
dc.relation.doi https://dx.doi.org/10.1111/jmcb.12453
dc.format.pagerange 55-76

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