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
Englisch
ISBN
978-952-462-808-2

Erschienen in
Series: Bank of Finland Research Discussion Papers ; No. 21/2012

Klassifikation
Wirtschaft
Firm Behavior: Theory
Firm Objectives, Organization, and Behavior: General
Thema
forecast errors
ex ante optimism
borrowing

Ereignis
Geistige Schöpfung
(wer)
Hyytinen, Ari
Putkuri, Hanna
Ereignis
Veröffentlichung
(wer)
Bank of Finland
(wo)
Helsinki
(wann)
2012

Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Hyytinen, Ari
  • Putkuri, Hanna
  • Bank of Finland

Entstanden

  • 2012

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