Language:
English
繁體中文
Help
回圖書館首頁
手機版館藏查詢
Login
Back
Switch To:
Labeled
|
MARC Mode
|
ISBD
Local Social Forces, Household Finan...
~
McCartney, William Benedict.
Linked to FindBook
Google Book
Amazon
博客來
Local Social Forces, Household Finance, and Real Estate.
Record Type:
Electronic resources : Monograph/item
Title/Author:
Local Social Forces, Household Finance, and Real Estate./
Author:
McCartney, William Benedict.
Published:
Ann Arbor : ProQuest Dissertations & Theses, : 2018,
Description:
142 p.
Notes:
Source: Dissertation Abstracts International, Volume: 79-09(E), Section: A.
Contained By:
Dissertation Abstracts International79-09A(E).
Subject:
Finance. -
Online resource:
http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10748854
ISBN:
9780355905830
Local Social Forces, Household Finance, and Real Estate.
McCartney, William Benedict.
Local Social Forces, Household Finance, and Real Estate.
- Ann Arbor : ProQuest Dissertations & Theses, 2018 - 142 p.
Source: Dissertation Abstracts International, Volume: 79-09(E), Section: A.
Thesis (Ph.D.)--Duke University, 2018.
I explore the relationships between households' real estate decisions and their local urban and political environments. In the first chapter, I investigate whether household mortgage choices are influenced by social interaction. I build a database using household mortgage data and precisely geolocated real estate data and ask whether households are socially influenced by those with whom they are more likely to interact, specifically, their neighbors. I find that households are more likely to choose an adjustable rate mortgage (refinance) as the share of their block-peers with an adjustable rate mortgage (who have recently refinanced) increases. Consistent with a social interactions mechanism, people new to their census block show no effects from social influence while those who have had time to socially interact with their neighbors do. The existence of neighbor social influence has important implications for the adoptions of risky lending technologies and subsequent foreclosure contagion.
ISBN: 9780355905830Subjects--Topical Terms:
542899
Finance.
Local Social Forces, Household Finance, and Real Estate.
LDR
:03943nmm a2200325 4500
001
2201278
005
20190429062344.5
008
201008s2018 ||||||||||||||||| ||eng d
020
$a
9780355905830
035
$a
(MiAaPQ)AAI10748854
035
$a
(MiAaPQ)duke:14477
035
$a
AAI10748854
040
$a
MiAaPQ
$c
MiAaPQ
100
1
$a
McCartney, William Benedict.
$3
3428008
245
1 0
$a
Local Social Forces, Household Finance, and Real Estate.
260
1
$a
Ann Arbor :
$b
ProQuest Dissertations & Theses,
$c
2018
300
$a
142 p.
500
$a
Source: Dissertation Abstracts International, Volume: 79-09(E), Section: A.
500
$a
Adviser: Manju Puri.
502
$a
Thesis (Ph.D.)--Duke University, 2018.
520
$a
I explore the relationships between households' real estate decisions and their local urban and political environments. In the first chapter, I investigate whether household mortgage choices are influenced by social interaction. I build a database using household mortgage data and precisely geolocated real estate data and ask whether households are socially influenced by those with whom they are more likely to interact, specifically, their neighbors. I find that households are more likely to choose an adjustable rate mortgage (refinance) as the share of their block-peers with an adjustable rate mortgage (who have recently refinanced) increases. Consistent with a social interactions mechanism, people new to their census block show no effects from social influence while those who have had time to socially interact with their neighbors do. The existence of neighbor social influence has important implications for the adoptions of risky lending technologies and subsequent foreclosure contagion.
520
$a
In the second chapter, I ask how household finance affects the political process? I focus on one channel of influence and ask if financially distressed homeowners are more or less likely to participate in elections. I create a novel dataset that matches voters registered in North Carolina to their mortgage decisions., and then use a difference-in-differences design that compares initially highly leveraged homeowners to their equity rich neighbors and exploits variation in house price declines during the recession. I find that, for highly leveraged homeowners, a ten percent decline in local house prices decreases voter participation by two percentage points. Furthermore, the effects of financial distress are particularly severe for homeowners that live more than one mile from their polling place, consistent with a resource constraints channel. Back of the envelope calculations suggest that mortgage distress can explain approximately 500,000 abstentions in the 2012 general election.
520
$a
In the final chapter, I ask how political identity, which has increased in salience and importance in recent decades, affects households' real estate decisions. Consistent with the trend that those affiliated with one political party are increasingly hostile towards members of the opposite party, I find that changing cultural tides at the census block level, measured using the political affiliations of the block's residents, have dramatic effects on households' moving and homebuying decisions. I find that households in the political minority on their census block are more likely to move away than their in-group neighbors. And, when moving, sell their homes for less. Furthermore, they largely move locally to blocks where their political views are more common. My results help explain the increasing polarization of the electorate and, by demonstrating that households pay a large cost to live near co-partisans, provide novel evidence on how households make important financial decisions.
590
$a
School code: 0066.
650
4
$a
Finance.
$3
542899
650
4
$a
Home economics.
$3
551902
690
$a
0508
690
$a
0386
710
2
$a
Duke University.
$b
Business Administration.
$3
1026640
773
0
$t
Dissertation Abstracts International
$g
79-09A(E).
790
$a
0066
791
$a
Ph.D.
792
$a
2018
793
$a
English
856
4 0
$u
http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10748854
based on 0 review(s)
Location:
ALL
電子資源
Year:
Volume Number:
Items
1 records • Pages 1 •
1
Inventory Number
Location Name
Item Class
Material type
Call number
Usage Class
Loan Status
No. of reservations
Opac note
Attachments
W9377827
電子資源
11.線上閱覽_V
電子書
EB
一般使用(Normal)
On shelf
0
1 records • Pages 1 •
1
Multimedia
Reviews
Add a review
and share your thoughts with other readers
Export
pickup library
Processing
...
Change password
Login