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Does an amortization requirement affect household indebtedness?: A study of Sweden and Finland
Jönköping University, Jönköping International Business School.
Jönköping University, Jönköping International Business School, JIBS, Economics.
2019 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

The level of indebtedness in Sweden has been rising substantially and is well above thelevels prevalent in other countries. Consequently, the government introduced anamortization requirement in 2016, which was further strengthened in 2018, in order tolower the risk that a high level of debt might constitute for both households as well asfor the economy. We analyse whether mortgage repayment has an effect on the level ofindebtedness and we contribute to the present studies by investigating the effect of anamortization requirement by predicting long term consequences. In order to answer ourresearch question, data from Sweden and Finland is used, two countries that despitemany similarities have very different mortgage repayment cultures. By conducting apanel data analysis, we prove our hypothesis that amortization has a significant effect onthe level of indebtedness. However, we do also discuss that cultural factors might becrucial in determining the actual effects of a mortgage payoff requirement. Yet, weconclude that amortization might be a good start to decrease the high debt level inSweden.

Place, publisher, year, edition, pages
2019. , p. 36
Keywords [en]
Housing, Amortization, Indebtedness, Sweden, Finland
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-44363ISRN: JU-IHH-NAA-1-20190156OAI: oai:DiVA.org:hj-44363DiVA, id: diva2:1322916
Subject / course
JIBS, Economics
Supervisors
Examiners
Available from: 2019-06-24 Created: 2019-06-11 Last updated: 2019-06-24Bibliographically approved

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf