Replication data for: The Effect of House Prices on Household Borrowing: A New Approach
Principal Investigator(s): View help for Principal Investigator(s) James Cloyne; Kilian Huber; Ethan Ilzetzki; Henrik Kleven
Version: View help for Version V1
Name | File Type | Size | Last Modified |
---|---|---|---|
|
text/plain | 4.3 KB | 12/07/2019 03:21:AM |
|
text/plain | 1.2 KB | 12/07/2019 03:21:AM |
|
text/plain | 679 bytes | 12/07/2019 03:21:AM |
|
text/plain | 2.7 KB | 12/07/2019 03:21:AM |
|
text/plain | 2.4 KB | 12/07/2019 03:21:AM |
|
text/plain | 9.6 KB | 12/07/2019 03:21:AM |
|
text/plain | 4.5 KB | 12/07/2019 03:21:AM |
|
text/plain | 14.6 KB | 12/07/2019 03:21:AM |
|
text/plain | 3.7 KB | 12/07/2019 03:21:AM |
|
text/plain | 14.6 KB | 12/07/2019 03:21:AM |
- Total of 13 records. Records per page
- « previous Page of 2
- next »
Project Citation:
Cloyne, James, Huber, Kilian, Ilzetzki, Ethan, and Kleven, Henrik. Replication data for: The Effect of House Prices on Household Borrowing: A New Approach. Nashville, TN: American Economic Association [publisher], 2019. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-07. https://doi.org/10.3886/E116205V1
Project Description
Summary:
View help for Summary
We investigate the effect of house prices on household borrowing using administrative mortgage data from the United Kingdom and a new empirical approach. The data contain household-level information on house prices and borrowing in a panel of homeowners, who refinance at regular and quasi-exogenous intervals. The data and setting allow us to develop an empirical approach that exploits house price variation coming from the idiosyncratic and exogenous timing of refinance events around the Great Recession. We present two main results. First, there is a clear and robust effect of house prices on borrowing. Second, the effect of house prices on borrowing can be explained largely by collateral effects. We study the collateral channel through a multivariate and nonparametric heterogeneity analysis of proxies for collateral and wealth effects.
Scope of Project
JEL Classification:
View help for JEL Classification
D14 Household Saving; Personal Finance
E32 Business Fluctuations; Cycles
R31 Housing Supply and Markets
D14 Household Saving; Personal Finance
E32 Business Fluctuations; Cycles
R31 Housing Supply and Markets
Related Publications
Published Versions
Report a Problem
Found a serious problem with the data, such as disclosure risk or copyrighted content? Let us know.
This material is distributed exactly as it arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.