Search Results
Title: Essays on Effects of the Housing Market Collapse
Resulting in 1 citation.
| 1. |
Lau, Catherine |
|
Essays on Effects of the Housing Market Collapse Ph.D. Dissertation, City University of New York, 2012 Cohort(s): NLSY79 Publisher: ProQuest Dissertations & Theses (PQDT) Keyword(s): Debt/Borrowing; Health and Retirement Study (HRS); Health/Health Status/SF-12 Scale; Home Ownership; Income; Net Worth; Wages Permission to reprint the abstract has not been received from the publisher. Chapters Three and Four use different data sets to empirically test the effect of high mortgage loan to home value on a number of health outcomes. Chapter Three employs the Health and Retirement Survey (HRS), a rich, nationally representative sample of the population over 50 years of age and finds significant correlation between high mortgage loan to value and negative health outcomes. Changes in home values are used as an instrument variable to further identify the effect of loan to value on health; results are not conclusive of causality. Chapter Four uses the NLSY79 to explore the effect of mortgage debt on a younger cohort that, in comparison to the HRS, is more likely to rely on wage income and have lower net worth. Results point to higher loan to value in conjunction with unemployment as having a significant negative impact on health for this cohort, but higher loan to value alone does not significantly affect overall health. |
|
|
Bibliography Citation
Lau, Catherine. Essays on Effects of the Housing Market Collapse. Ph.D. Dissertation, City University of New York, 2012. |