Luigi Guiso, Paola Sapienza, and Luigi Zingales
The Economist, June 26th, 2009
Professors Zingales, Sapienza, and Guiso’s new research examines American homeowners’ propensity to default when the value of a mortgage exceeds the value of their house, even if they can afford to pay their mortgage.
For additional information, please see Professors Zingales, Sapienza and Guiso’s paper, Moral and Social Constraints to Strategic Defaults on Mortgages.
