Arbeitspapier
Household optimism and borrowing
A unique Finnish household-level data from 1994 to 2009 allow us to measure how households financial expectations are related to the sub- sequent outcomes. We use the difference between the two to measure forecast errors and household optimism and link the errors to households´ borrowing behaviour. We find that households making greatest optimistic forecast errors carry greater levels of debt and are most likely to suffer from excessive debt loads (overindebtedness). They also are less attentive to forecast errors than their pessimistic counterparts when forming their expectations for a subsequent period
- Sprache
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Englisch
- ISBN
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978-952-462-808-2
- Erschienen in
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Series: Bank of Finland Research Discussion Papers ; No. 21/2012
- Klassifikation
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Wirtschaft
Firm Behavior: Theory
Firm Objectives, Organization, and Behavior: General
- Thema
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forecast errors
ex ante optimism
borrowing
- Ereignis
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Geistige Schöpfung
- (wer)
-
Hyytinen, Ari
Putkuri, Hanna
- Ereignis
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Veröffentlichung
- (wer)
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Bank of Finland
- (wo)
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Helsinki
- (wann)
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2012
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:45 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Hyytinen, Ari
- Putkuri, Hanna
- Bank of Finland
Entstanden
- 2012