Property Tax Compliance and Reverse Mortgages: Using Nudges to Improve the Market

IF 1.8 3区经济学 Q2 BUSINESS, FINANCE National Tax Journal Pub Date : 2022-02-04 DOI:10.1086/717160

Stephanie Moulton, J. Collins, Cäzilia Loibl, D. Haurin, Julia K Brown

引用次数: 1

Abstract

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.

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房产税合规和反向抵押贷款:用轻推来改善市场

这项研究基于一项实地实验，该实验旨在提高财产税和保险支付在一个特别脆弱的人群中的重要性，这些人群是那些申请了反向抵押贷款的老年人。与没有收到提醒信的房主相比，被随机分配收到提醒信的房主错过后续付款的比例要低三分之一。那些被分配到提醒信治疗的人在研究期结束时也不太可能有大量的违约余额，降低了他们丧失抵押品赎回权的风险。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

National Tax Journal Multiple-

CiteScore

3.40

自引率

11.80%

发文量

期刊介绍： The goal of the National Tax Journal (NTJ) is to encourage and disseminate high quality original research on governmental tax and expenditure policies. Articles published in the regular March, June and September issues of the journal, as well as articles accepted for publication in special issues of the journal, are subject to professional peer review and include economic, theoretical, and empirical analyses of tax and expenditure issues with an emphasis on policy implications. The NTJ has been published quarterly since 1948 under the auspices of the National Tax Association (NTA). Most issues include an NTJ Forum, which consists of invited papers by leading scholars that examine in depth a single current tax or expenditure policy issue. The December issue is devoted to publishing papers presented at the NTA’s annual Spring Symposium; the articles in the December issue generally are not subject to peer review.