SoleCRISTransition linkFrontpageTransition linkInstructionsTransition linkLogin Bank of Finland

A Peer-reviewed scientific articles/A1 Journal article (refereed), original research
This is the view page of publication. On this page you can view basic information of publication or go back on previous page using back-action on the bottom of the page. If you want to move to edit the information of publication, use the actions on the bottom of the page or continue using the system from menu.

Household Optimism and Overborrowing, Journal of Money, Credit and Banking 1; February (2018). Hyytinen, Ari; Putkuri, Hanna

Category A Peer-reviewed scientific articles
Sub-category A1 Journal article (refereed), original research
auki Internal authors
All authors as text Hyytinen, Ari; Putkuri, Hanna 
Number of authors
Status Published
Year of publication 2018 
Date 22.01.2018 
Name of article Household Optimism and Overborrowing 
Name of journal Journal of Money, Credit and Banking
Volume of issue 50 
Number of issue 1; February 
Pages 55-76 
Abstract We use Finnish household-level data from 1994 to 2013 to measure how often and what kind of forecast errors households make and how the errors are linked to the households' borrowing behavior and overindebtedness. We find that those households that make the largest optimistic forecast errors have greater debt-to-income ratios. They also are more likely to report that they suffer from excessive debt loads and have problems in coping with their bills. There are no such systematic effects for the households that make pessimistic forecast errors.
Free text descriptor in Finnish Suomi; velkaantuminen; kotitaloudet; luotot; tulot; odotukset; ennusteet; virheet 
Free text descriptor in English borrowing, forecast errors, overindebtedness 
JEL-codes D14; D91 
ISSN / e-ISSN 0022-2879 
auki Internet addresses
Additional information First published: 22 January 2018
Notes BoF DP 21/2012 

Related publications