Plausibly Exogenous [1290] - Wealth and Mortgage (08/14/2023)
LHS Variable
Wealth accumulation
RHS Variable
Mortgage amortization schedules
Source of Exogenous Variation
Variation in the timing of home purchase coming from life-events (e.g. birth of a child)
- Bernstein and Koudijs (2023), “The mortgage piggy bank: Building wealth through amortization”