Property tax compliance and reverse mortgages using nudges to improve the market Stephanie Moulton, J. Michael Collins, Cäzilia Loibl, Donald Haurin, and Julia Brown
Contributor(s): Moulton, Stephanie
.
Material type: 
ArticleSubject(s): PROPIEDAD | IMPUESTOS | PROPERTY TAX | VIVIENDA | HIPOTECAS INVERSAS | ANCIANOS | CUMPLIMIENTO FISCAL | ESTADOS UNIDOS
In:
National Tax Journal v. 75, n. 1, March 2022, p. 33-59Summary: This study is based on a field experiment designed to increase the salience of property tax and insurance payments among a particularly vulnerable population, older adults who took out a reverse mortgage. Homeowners who were randomly assigned to receive mailed letters reminding them about payment obligations missed subsequent payments at one-third lower rates relative to homeowners who were not assigned reminder letters. Those assigned to the reminder letter treatment were also significantly less likely to carry large default balances at the end of the study period, reducing their risk of foreclosure.
| Item type | Current location | Home library | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| Artículos | IEF | IEF | OP 233/2022/1-2 (Browse shelf) | Available | OP 233/2022/1-2 |
Browsing IEF Shelves Close shelf browser
| No cover image available | No cover image available | No cover image available | No cover image available | No cover image available | No cover image available | No cover image available | ||
| OP 233/2021/4-5 Public finance and racism | OP 233/2022/1 National Tax Journal | OP 233/2022/1-1 Homestead exemptions, heterogeneous assessment, and property tax progressivity | OP 233/2022/1-2 Property tax compliance and reverse mortgages | OP 233/2022/1-3 Taxing the digital economy | OP 233/2022/1-4 Forum | OP 233/2022/2 National Tax Journal |
Resumen
Bibliografía.
This study is based on a field experiment designed to increase the salience of property tax and insurance payments among a particularly vulnerable population, older adults who took out a reverse mortgage. Homeowners who were randomly assigned to receive mailed letters reminding them about payment obligations missed subsequent payments at one-third lower rates relative to homeowners who were not assigned reminder letters. Those assigned to the reminder letter treatment were also significantly less likely to carry large default balances at the end of the study period, reducing their risk of foreclosure.
Click on an image to view it in the image viewer
There are no comments for this item.