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

Author

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

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.

Suggested Citation

  • Agarwal, Sumit & Green, Richard & Rosenblatt, Eric & Yao, Vincent W. & Zhang, Jian, 2018. "Gender difference and intra-household economic power in mortgage signing order," Journal of Financial Intermediation, Elsevier, vol. 36(C), pages 86-100.
    • Handle: RePEc:eee:jfinin:v:36:y:2018:i:c:p:86-100
    DOI: 10.1016/j.jfi.2018.01.001
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    More about this item

    Keywords

    Gender difference; Economic power; Mortgage application; Household finance;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • R2 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis

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