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Author: Lau, Catherine
Resulting in 2 citations.
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Lau, Catherine |
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Essays on Effects of the Housing Market Collapse Ph.D. Dissertation, City University of New York, 2012 Cohort(s): NLSY79 Publisher: ProQuest Dissertations & Theses (PQDT) Keyword(s): Debt/Borrowing; Health and Retirement Study (HRS); Health/Health Status/SF-12 Scale; Home Ownership; Income; Net Worth; Wages Permission to reprint the abstract has not been received from the publisher. Chapters Three and Four use different data sets to empirically test the effect of high mortgage loan to home value on a number of health outcomes. Chapter Three employs the Health and Retirement Survey (HRS), a rich, nationally representative sample of the population over 50 years of age and finds significant correlation between high mortgage loan to value and negative health outcomes. Changes in home values are used as an instrument variable to further identify the effect of loan to value on health; results are not conclusive of causality. Chapter Four uses the NLSY79 to explore the effect of mortgage debt on a younger cohort that, in comparison to the HRS, is more likely to rely on wage income and have lower net worth. Results point to higher loan to value in conjunction with unemployment as having a significant negative impact on health for this cohort, but higher loan to value alone does not significantly affect overall health. |
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Bibliography Citation
Lau, Catherine. Essays on Effects of the Housing Market Collapse. Ph.D. Dissertation, City University of New York, 2012. |
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Lau, Catherine Leung, Leigh Ann |
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Mortgage Debt as a Moderator in the Association between Unemployment and Health Public Health 128,3 (March 2014): 239-245. Also: http://www.sciencedirect.com/science/article/pii/S0033350613004095 Cohort(s): NLSY79 Publisher: Elsevier Keyword(s): Debt/Borrowing; Health/Health Status/SF-12 Scale; Home Ownership; Unemployment Objective: While homeownership is generally viewed as good for society, the consequences of the concomitant mortgage debt have not been well examined. This study investigates the role of mortgage debt as a moderator in the relationship between unemployment and health. Study Design: A cross-sectional analysis of a representative sample of US homeowners aged 38–46 surveyed in 1998–2006. Methods: Subjects were 3667 adults living in owned homes aged 38–46 who reported being either employed or unemployed. Logistic models were performed using maximum likelihood estimation to estimate the relative risk of self-reporting fair or poor health with regard to employment status and how employment status interacted with mortgage status. Results: Among homeowners, being unemployed for more than 13 weeks with a mortgage is associated with a higher likelihood of reporting fair or poor health (odds ratio 2.38, 95% confidence interval 1.28–4.45). Being unemployed for more than 13 weeks with a mortgage loan that is more than 80% of the value of the home is associated with a greater likelihood of reporting fair or poor health (odds ratio 8.99, 95% confidence interval 2.50–32.29). |
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Bibliography Citation
Lau, Catherine and Leigh Ann Leung. "Mortgage Debt as a Moderator in the Association between Unemployment and Health." Public Health 128,3 (March 2014): 239-245.
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