{"id":"https://openalex.org/W1991135523","doi":"https://doi.org/10.2307/1935958","title":"Interest Rate Variations, Mortgage Prepayments and Household Mobility","display_name":"Interest Rate Variations, Mortgage Prepayments and Household Mobility","publication_year":1987,"publication_date":"1987-11-01","ids":{"openalex":"https://openalex.org/W1991135523","doi":"https://doi.org/10.2307/1935958","mag":"1991135523"},"language":"en","primary_location":{"id":"doi:10.2307/1935958","doi":"https://doi.org/10.2307/1935958","is_oa":true,"landing_page_url":"https://doi.org/10.2307/1935958","pdf_url":"https://escholarship.org/content/qt2t90q1bd/qt2t90q1bd.pdf?t=n93y5e","source":{"id":"https://openalex.org/S180061323","display_name":"The Review of Economics and Statistics","issn_l":"0034-6535","issn":["0034-6535","1530-9142"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-3","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315718","host_organization_name":"The MIT Press","host_organization_lineage":["https://openalex.org/P4310315718","https://openalex.org/P4310316440"],"host_organization_lineage_names":["The MIT Press","Massachusetts Institute of Technology"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Review of Economics and Statistics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"https://escholarship.org/content/qt2t90q1bd/qt2t90q1bd.pdf?t=n93y5e","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5109239333","display_name":"John M. Quigley","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"John M. Quigley","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5109239333"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":10.476,"has_fulltext":false,"cited_by_count":195,"citation_normalized_percentile":{"value":0.9740277,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"69","issue":"4","first_page":"636","last_page":"636"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.9970999956130981,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.9970999956130981,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11496","display_name":"Credit Risk and Financial Regulations","score":0.0006000000284984708,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11645","display_name":"Urban, Neighborhood, and Segregation Studies","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/3312","display_name":"Sociology and Political Science"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/interest-rate-volatility","display_name":"interest rate volatility","score":0.8519999980926514},{"id":"https://openalex.org/keywords/mortgage-prepayment","display_name":"mortgage prepayment","score":0.972000002861023},{"id":"https://openalex.org/keywords/residential-mobility","display_name":"residential mobility","score":0.8999999761581421},{"id":"https://openalex.org/keywords/homeownership","display_name":"homeownership","score":0.722000002861023},{"id":"https://openalex.org/keywords/mortgage-backed-securities","display_name":"mortgage-backed securities","score":0.7160000205039978},{"id":"https://openalex.org/keywords/mortgage-valuation","display_name":"mortgage valuation","score":0.5879999995231628},{"id":"https://openalex.org/keywords/proportional-hazard-model","display_name":"proportional hazard model","score":0.4869999885559082}],"concepts":[{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.5993653535842896},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4870465099811554},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.40506118535995483},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.3405179977416992},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.20922201871871948}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.2307/1935958","doi":"https://doi.org/10.2307/1935958","is_oa":true,"landing_page_url":"https://doi.org/10.2307/1935958","pdf_url":"https://escholarship.org/content/qt2t90q1bd/qt2t90q1bd.pdf?t=n93y5e","source":{"id":"https://openalex.org/S180061323","display_name":"The Review of Economics and Statistics","issn_l":"0034-6535","issn":["0034-6535","1530-9142"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-3","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315718","host_organization_name":"The MIT Press","host_organization_lineage":["https://openalex.org/P4310315718","https://openalex.org/P4310316440"],"host_organization_lineage_names":["The MIT Press","Massachusetts Institute of Technology"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Review of Economics and Statistics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:tpr:restat:v:69:y:1987:i:4:p:636-43","doi":null,"is_oa":false,"landing_page_url":"http://links.jstor.org/sici?sici=0034-6535%28198711%2969%3A4%3C636%3AIRVMPA%3E2.0.CO%3B2-K&origin=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:escholarship.org/ark:/13030/qt2t90q1bd","doi":null,"is_oa":false,"landing_page_url":"https://escholarship.org/uc/item/2t90q1bd","pdf_url":null,"source":{"id":"https://openalex.org/S4306400115","display_name":"eScholarship (California Digital Library)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I2801248553","host_organization_name":"California Digital Library","host_organization_lineage":["https://openalex.org/I2801248553"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"article"}],"best_oa_location":{"id":"doi:10.2307/1935958","doi":"https://doi.org/10.2307/1935958","is_oa":true,"landing_page_url":"https://doi.org/10.2307/1935958","pdf_url":"https://escholarship.org/content/qt2t90q1bd/qt2t90q1bd.pdf?t=n93y5e","source":{"id":"https://openalex.org/S180061323","display_name":"The Review of Economics and Statistics","issn_l":"0034-6535","issn":["0034-6535","1530-9142"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-3","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315718","host_organization_name":"The MIT Press","host_organization_lineage":["https://openalex.org/P4310315718","https://openalex.org/P4310316440"],"host_organization_lineage_names":["The MIT Press","Massachusetts Institute of Technology"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Review of Economics and Statistics","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W1991135523.pdf"},"referenced_works_count":6,"referenced_works":["https://openalex.org/W1570156658","https://openalex.org/W2017750277","https://openalex.org/W2767724802","https://openalex.org/W2796700885","https://openalex.org/W3025368040","https://openalex.org/W3124177394"],"related_works":["https://openalex.org/W3126034744","https://openalex.org/W2765774968","https://openalex.org/W1497065081","https://openalex.org/W2766587473","https://openalex.org/W1582121192","https://openalex.org/W1527076614","https://openalex.org/W4388505462","https://openalex.org/W2157421655","https://openalex.org/W2020248191","https://openalex.org/W2122749978"],"abstract_inverted_index":{"The":[0,57,73],"volatility":[1],"of":[2,8,34,46,49,55,85,92,100],"interest":[3,27],"rates":[4],"and":[5,38,62,88,98],"the":[6,9,44,47,53,83,90,96],"deregulation":[7],"mortgage":[10],"lending":[11],"sector":[12],"have":[13],"meant":[14],"that":[15,42,67,81],"many":[16],"homeowners":[17],"also":[18],"own":[19],"mortgages":[20,51],"at":[21],"terms":[22],"more":[23],"favorable":[24],"than":[25],"current":[26],"rates.":[28],"This":[29],"paper":[30],"presents":[31],"a":[32],"model":[33],"residential":[35],"mobility":[36,54],"decisions":[37],"an":[39],"empirical":[40,74],"analysis":[41,75],"evaluates":[43],"importance":[45],"ownership":[48],"these":[50,68,93],"upon":[52,60],"homeowners.":[56],"results,":[58],"based":[59],"proportional":[61],"nonproportional":[63],"hazard":[64],"models,":[65],"indicate":[66],"effects":[69],"are":[70],"quite":[71],"large.":[72],"distinguishes":[76],"between":[77],"different":[78],"regulatory":[79],"regimes":[80],"govern":[82],"assumption":[84],"existing":[86],"mortgages,":[87],"indicates":[89],"implications":[91],"findings":[94],"for":[95],"pricing":[97],"valuation":[99],"mortgage-backed":[101],"securities.":[102],"Copyright":[103],"1987":[104],"by":[105],"MIT":[106],"Press.":[107]},"counts_by_year":[{"year":2026,"cited_by_count":6},{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":9},{"year":2023,"cited_by_count":6},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":5},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":6},{"year":2017,"cited_by_count":4},{"year":2016,"cited_by_count":3},{"year":2015,"cited_by_count":8},{"year":2014,"cited_by_count":3},{"year":2013,"cited_by_count":8},{"year":2012,"cited_by_count":8}],"updated_date":"2026-10-31T12:09:11.096373","created_date":"2016-06-24T00:00:00"}