主题：Working Experience, Financial Literacy and Mortgage Stress
主讲人：胡明志（浙江工业大学）
主持人：王彬（太阳城集团）
会议时间：2023年3月3日（周五）15:00—16:30
会议地点：tyc1286太阳成集团102室
摘要
This paper examines the effect of financial literacy on mortgage stress. Using data from the Panel Study of Income Dynamics (PSID), we find that borrowers with high levels of financial literacy are 60.3 percent less likely to suffer from mortgage stress than borrowers with low levels of financial literacy, after controlling for household characteristics, loan features, geographic effects, and working in the financial industry. Our estimated results are robust to potential sample selection bias and functional misspecification. In addition, we also find that the effect of financial literacy varies across borrowers of different ages. Further analysis reveals strong cross effects of financial literacy and quantitative reasoning on mortgage stress.
★主讲人简介★
胡明志，浙江工业大学管理学院副教授，上海交通大学住房与城乡建设研究中心特约副研究员，中国房地产中青年学者30人论坛秘书，中国城市经济学会城市可持续建设与管理青年委员会成员。主要研究方向为住房与房地产经济、城市经济、创业。在《财贸经济》《Real Estate Economics》《Journal of Real Estate Finance and Economics》《Journal of Housing Economics》《Journal of Real Estate Research》《Small Business Economics》《Housing Studies》等国内外重要学术期刊上发文40多篇。主持国家自然科学基金青年项目、广东省自然科学基金面上项目等国家级和省部级课题。为人民日报社内刊《思想理论动态参阅》《改革内参》等重要刊物撰写评论和报告；担任Journal of Regional Economics期刊主编、Journal of Risk and Financial Management期刊客座主编、Springer旗下SN Business & Economics期刊编委。
