Gender difference and intra-household economic power in mortgage signing order

Sumit Agarwal*, Richard Green, Eric Rosenblatt, Vincent W. Yao, Jian Zhang

*Corresponding author for this work

    Research output: Contribution to journalArticlepeer-review

    4 Citations (Scopus)

    Abstract

    This paper adopts a novel approach to examine the roles of gender difference and intra-household economic power in mortgage signing order. We develop an “economic power” index based on relative economic power within the same-sex couple households. We then use this measure along with gender identity and other factors to explain signing order in different-gender couples. Our results suggest that, while pure economic power explains much of the observed signing order, gender difference plays an important role. Analysis exploiting regional variation reveals that gender difference in signing order is greater in states with a larger gender wage gap and red states whose residents predominantly vote for the Republican.

    Original languageEnglish
    Pages (from-to)86-100
    Number of pages15
    JournalJournal of Financial Intermediation
    Volume36
    DOIs
    Publication statusPublished - Oct 2018

    Scopus Subject Areas

    • Finance
    • Economics and Econometrics

    User-Defined Keywords

    • Economic power
    • Gender difference
    • Household finance
    • Mortgage application

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