Full Citation

Title: The Babies of Mortgage Market Deregulation

Citation Type: Journal Article

Publication Year: 2021

ISBN:

ISSN: 0893-9454

DOI: 10.1093/RFS/HHAA073

NSFID:

PMCID:

PMID:

Abstract: This paper documents that mortgage market deregulation helps mitigate the risk of population aging by affecting a foundational family-level decision: the choice to have children. Using a U.S. federal regulator ruling, I show that young households fully exposed to mortgage market deregulation increase their probability of purchasing a home and having a child by 6 percentage points. Supplemental tests reject alternative hypotheses based on income or housing wealth growth and, instead, suggest that access to space is the relevant economic mechanism. Collectively, the evidence indicates that increased access to mortgage credit affects the total number of children in the economy.

Url: https://academic.oup.com/rfs/article/34/2/907/5864039

User Submitted?: No

Authors: Hacamo, Isaac

Periodical (Full): The Review of Financial Studies

Issue: 2

Volume: 34

Pages: 907-948

Data Collections: IPUMS USA

Topics: Family and Marriage, Housing and Segregation, Other

Countries: