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The Financial Vulnerability of Families

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  • Christian Weller
  • Kate Sabatini

Abstract

Few doubt that the housing boom is over. But the extent of the housing decline and its consequences for the economy are subject to much speculation. The authors present a detailed and comprehensive picture of Americans' dependence on housing and are concerned about the extent of their vulnerability to future economic shocks.

Suggested Citation

  • Christian Weller & Kate Sabatini, 2007. "The Financial Vulnerability of Families," Challenge, Taylor & Francis Journals, vol. 50(3), pages 72-98.
    • Handle: RePEc:mes:challe:v:50:y:2007:i:3:p:72-98
    DOI: 10.2753/0577-5132500305
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    References listed on IDEAS

    as
    1. John Y. Campbell & João F. Cocco, 2003. "Household Risk Management and Optimal Mortgage Choice," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(4), pages 1449-1494.
    2. Baker Dean, 2006. "The Menace of an Unchecked Housing Bubble," The Economists' Voice, De Gruyter, vol. 3(4), pages 1-5, March.
    3. Owen Lamont & Jeremy C. Stein, 1999. "Leverage and House-Price Dynamics in U.S. Cities," RAND Journal of Economics, The RAND Corporation, vol. 30(3), pages 498-514, Autumn.
    4. Andreas Lehnert, 2004. "Housing, consumption, and credit constraints," Finance and Economics Discussion Series 2004-63, Board of Governors of the Federal Reserve System (U.S.).
    5. James VanderHoff, 1996. "Adjustable and Fixed Rate Mortgage Termination, Option Values and Local Market Conditions: An Empirical Analysis," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 24(3), pages 379-406, September.
    6. Posey, Lisa L. & Yavas, Abdullah, 2001. "Adjustable and Fixed Rate Mortgages as a Screening Mechanism for Default Risk," Journal of Urban Economics, Elsevier, vol. 49(1), pages 54-79, January.
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    Cited by:

    1. Charles J. Whalen, 2013. "Post-Keynesian Institutionalism after the Great Recession," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 10(1), pages 12-27.
    2. Charles J. Whalen, 2020. "Post-Keynesian institutionalism: past, present, and future," Evolutionary and Institutional Economics Review, Springer, vol. 17(1), pages 71-92, January.

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