Title:The determinants of attitudes toward strategic default on mortgages Author(s):GUISO, Luigi; SAPIENZA, Paola; ZINGALES, LuigiDate:2013Citation:
- Journal of finance, 2013, Vol. 68, No. 4, pp. 1473-1515
Type:ArticleAbstract:We use survey data to measure households' propensity to default on mortgages even if they can afford to pay them (strategic default) when the value of the mortgage exceeds the value of the house. The willingness to default ...