Search Results
Title: Getting Sick and Falling Behind: Health and the Risk of Mortgage Default and Home Foreclosure
Resulting in 1 citation.
| 1. |
Houle, Jason N. Keene, Danya |
|
Getting Sick and Falling Behind: Health and the Risk of Mortgage Default and Home Foreclosure Presented: New Orleans LA, Population Association of America Annual Meeting, April 2013 Cohort(s): NLSY79 Publisher: Population Association of America Keyword(s): Debt/Borrowing; Foreclosure; Health, Chronic Conditions; Health/Health Status/SF-12 Scale Permission to reprint the abstract has not been received from the publisher. Recent studies suggest that poor health and inadequate health care may be important predictors of mortgage default and home foreclosure. However, to date no longitudinal, national research has examined these relationships. We expand on existing work by using nationally representative longitudinal data from the NLSY-79 to examine the relationship between poor health, becoming ill and the risk of mortgage default and foreclosure among middle-aged adults. We find that the onset of chronic conditions and health limitations are significant predictors of later mortgage default, expectation of mortgage default, and home foreclosure between 2007 and 2010. We find that these associations are partially mediated by changes in family income, savings, health insurance status and employment status. From a policy perspective, the strong link between poor health and foreclosure suggests a need to reexamine the safety-nets that are available to individuals who become ill or disabled. |
|
|
Bibliography Citation
Houle, Jason N. and Danya Keene. "Getting Sick and Falling Behind: Health and the Risk of Mortgage Default and Home Foreclosure." Presented: New Orleans LA, Population Association of America Annual Meeting, April 2013. |