Title:
Family Size and Mortgage Loan Amounts

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dc.contributor.author Calhoun, Rylee
dc.contributor.author Xia, Maggie
dc.contributor.corporatename Georgia Institute of Technology. School of Economics en_US
dc.date.accessioned 2022-11-21T13:42:07Z
dc.date.available 2022-11-21T13:42:07Z
dc.date.issued 2022-11
dc.description.abstract This paper seeks to uncover potential mortgage loan discrimination related to family size for Boston mortgage loan applicants in 1989. We utilize mortgage loan amounts as the primary dependent variable and an applicant’s number of dependents as the primary independent variable to explore this relationship. The dataset analyzed in this paper, loanapp, comes from Dr. Jeffrey Wooldridge’s introductory econometric data repository that records data from the 1989 Boston Federal Reserve Bank’s study of the Boston metropolitan area’s mortgage practices. After implementing multiple regression models, we find no evidence of statistical discrimination concerning family size, suggestive by the insignificance of our primary independent variable, dep, in regression analysis. Specifically, we find that a single increase in an applicant’s number of dependents raises mortgage loan amounts by about 0.381% overall and raises loan amounts by 0.137% for applicants who have at least one dependent. Ultimately, we reject our null hypothesis that increases in family size negatively influence mortgage loan amounts. en_US
dc.identifier.uri http://hdl.handle.net/1853/69956
dc.publisher Georgia Institute of Technology en_US
dc.subject Econometric analysis en_US
dc.subject Mortgages en_US
dc.subject Loan amounts en_US
dc.subject Discrimination en_US
dc.title Family Size and Mortgage Loan Amounts en_US
dc.type Text
dc.type.genre Undergraduate Research Paper
dspace.entity.type Publication
local.contributor.corporatename School of Economics
local.contributor.corporatename Ivan Allen College of Liberal Arts
local.relation.ispartofseries Economics: Econometric Analysis
relation.isOrgUnitOfPublication 15802d30-e8cc-4b9a-86ef-2a59ac816e4b
relation.isOrgUnitOfPublication b1049ff1-5166-442c-9e14-ad804b064e38
relation.isSeriesOfPublication a1e053fe-46aa-43fe-9e97-b4d0f80e8676
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