How Are Irish Households Coping with their Mortgage Repayments? Information from the Survey on Income and Living Conditions
This paper uses information contained within the Survey on Income and Living Conditions (SILC) to examine the ability of Irish households to sustain their mortgage repayments. We calculate mortgage repayment to income (MRTI) ratios for a representative sample of Irish households and examine the distribution of this ratio across the sample. In particular, we stratify information on marital, work and educational status along with household composition according to this MRTI. We also examine the distribution of information on household mortgages such as the source, the interest rate paid, the age and tenure, and the monthly repayment of the mortgage according to the same ratio. Finally, the distributional implications for the MRTI of a significant unemployment and interest rate shock are also examined.
References listed on IDEAS
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- Diarmaid Addison-Smyth & Kieran McQuinn & Gerard O'Reilly, 2009.
"Supply Response in an Uncertain Market: Assessing Future Implications for Activity Levels in the Irish Housing Sector,"
European Journal of Housing Policy,
Taylor and Francis Journals, vol. 9(3), pages 259-283.
- Diarmaid Addison-Smyth & Kieran McQuinn & Gerard O'Reilly, 2009. "Supply Response in an Uncertain Market: Assessing Future Implications for Activity Levels in the Irish Housing Sector," International Journal of Housing Policy, Taylor & Francis Journals, vol. 9(3), pages 259-283.
- Diarmaid Addison-Smyth & Kieran McQuinn, 2010.
"Quantifying Revenue Windfalls from the Irish Housing Market,"
The Economic and Social Review,
Economic and Social Studies, vol. 41(2), pages 201-233.
- Addison-Smyth, Diarmaid & McQuinn, Kieran & O' Reilly, Gerard, 2009. "Quantifying Revenue Windfalls from the Irish Housing Market," Research Technical Papers 10/RT/09, Central Bank of Ireland.
- Addison-Smyth, Diarmaid & McQuinn, Kieran & O'Reilly, Gerard, 2009.
"Modelling Credit in the Irish Mortgage Market,"
The Economic and Social Review,
Economic and Social Studies, vol. 40(4), pages 371-392.
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