{"id":"https://openalex.org/W2145673304","doi":"https://doi.org/10.2139/ssrn.2463575","title":"Inattention and Inertia in Household Finance: Evidence from the Danish Mortgage Market","display_name":"Inattention and Inertia in Household Finance: Evidence from the Danish Mortgage Market","publication_year":2014,"publication_date":"2014-01-01","ids":{"openalex":"https://openalex.org/W2145673304","doi":"https://doi.org/10.2139/ssrn.2463575","mag":"2145673304"},"language":"en","primary_location":{"id":"doi:10.2139/ssrn.2463575","doi":"https://doi.org/10.2139/ssrn.2463575","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2463575","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},"volume":null,"type":"preprint","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.2463575","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5017815556","display_name":"Steffen Andersen","orcid":"https://orcid.org/0000-0002-2384-3161","observed_orcids":["https://orcid.org/0000-0002-2384-3161"]},"institutions":[{"id":"https://openalex.org/I180519160","display_name":"Copenhagen Business School","ror":"https://ror.org/04sppb023","country_code":"DK","type":"education","lineage":["https://openalex.org/I180519160"]},{"id":"https://openalex.org/I4210140326","display_name":"Centre for Economic Policy Research","ror":"https://ror.org/04jzmdh37","country_code":"GB","type":"nonprofit","lineage":["https://openalex.org/I4210140326"]},{"id":"https://openalex.org/I88189429","display_name":"Danmarks Nationalbank","ror":"https://ror.org/01hh2jh68","country_code":"DK","type":"other","lineage":["https://openalex.org/I88189429"]}],"countries":["DK","GB"],"is_corresponding":false,"raw_author_name":"Steffen Andersen","raw_affiliation_strings":["National Bank of Denmark","CEPR","Copenhagen Business School - Department of Finance"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"National Bank of Denmark","institution_ids":["https://openalex.org/I88189429"]},{"raw_affiliation_string":"CEPR","institution_ids":["https://openalex.org/I4210140326"]},{"raw_affiliation_string":"Copenhagen Business School - Department of Finance","institution_ids":["https://openalex.org/I180519160"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5113450091","display_name":"John Y. Campbell","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I1321305853","display_name":"National Bureau of Economic Research","ror":"https://ror.org/04grmx538","country_code":"US","type":"nonprofit","lineage":["https://openalex.org/I1321305853"]},{"id":"https://openalex.org/I136199984","display_name":"Harvard University","ror":"https://ror.org/03vek6s52","country_code":"US","type":"education","lineage":["https://openalex.org/I136199984"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"John Y. Campbell","raw_affiliation_strings":["Harvard University - Department of Economics, Littauer Center, Room 213, Cambridge, MA 02138, United States","National Bureau of Economic Research (NBER), 1050 Massachusetts Avenue, Cambridge, MA 02138, United States","Harvard University - Department of Economics","National Bureau of Economic Research (NBER)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Harvard University - Department of Economics, Littauer Center, Room 213, Cambridge, MA 02138, United States","institution_ids":["https://openalex.org/I136199984"]},{"raw_affiliation_string":"National Bureau of Economic Research (NBER), 1050 Massachusetts Avenue, Cambridge, MA 02138, United States","institution_ids":["https://openalex.org/I1321305853"]},{"raw_affiliation_string":"Harvard University - Department of Economics","institution_ids":["https://openalex.org/I136199984"]},{"raw_affiliation_string":"National Bureau of Economic Research (NBER)","institution_ids":["https://openalex.org/I1321305853"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5020573430","display_name":"Kasper Meisner Nielsen","orcid":"https://orcid.org/0000-0002-8043-0769","observed_orcids":["https://orcid.org/0000-0002-8043-0769"]},"institutions":[{"id":"https://openalex.org/I180519160","display_name":"Copenhagen Business School","ror":"https://ror.org/04sppb023","country_code":"DK","type":"education","lineage":["https://openalex.org/I180519160"]}],"countries":["DK"],"is_corresponding":false,"raw_author_name":"Kasper Meisner Nielsen","raw_affiliation_strings":["Copenhagen Business School - Department of Finance, A4.17 Solbjerg Plads 3, Copenhagen, Frederiksberg 2000, Denmark","Copenhagen Business School - Department of Finance"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Copenhagen Business School - Department of Finance, A4.17 Solbjerg Plads 3, Copenhagen, Frederiksberg 2000, Denmark","institution_ids":["https://openalex.org/I180519160"]},{"raw_affiliation_string":"Copenhagen Business School - Department of Finance","institution_ids":["https://openalex.org/I180519160"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5042695170","display_name":"Tarun Ramadorai","orcid":"https://orcid.org/0000-0002-4145-205X","observed_orcids":["https://orcid.org/0000-0002-4145-205X"]},"institutions":[{"id":"https://openalex.org/I4210136188","display_name":"European Corporate Governance Institute","ror":"https://ror.org/04egehb02","country_code":"BE","type":"nonprofit","lineage":["https://openalex.org/I4210136188"]},{"id":"https://openalex.org/I4210140326","display_name":"Centre for Economic Policy Research","ror":"https://ror.org/04jzmdh37","country_code":"GB","type":"nonprofit","lineage":["https://openalex.org/I4210140326"]},{"id":"https://openalex.org/I47508984","display_name":"Imperial College London","ror":"https://ror.org/041kmwe10","country_code":"GB","type":"education","lineage":["https://openalex.org/I47508984"]},{"id":"https://openalex.org/I909854389","display_name":"London School of Economics and Political Science","ror":"https://ror.org/0090zs177","country_code":"GB","type":"education","lineage":["https://openalex.org/I124357947","https://openalex.org/I909854389"]}],"countries":["BE","GB"],"is_corresponding":true,"raw_author_name":"Tarun Ramadorai","raw_affiliation_strings":["Centre for Economic Policy Research (CEPR), London, United Kingdom","European Corporate Governance Institute (ECGI), c/o the Royal Academies of Belgium, Rue Ducale 1 Hertogsstraat, 1000 Brussels, Belgium","Imperial College London, South Kensington Campus, Exhibition Road, London, Greater London SW7 2AZ, United Kingdom","London School of Economics & Political Science (LSE), Houghton Street, London, WC2A 2AE, United Kingdom","Centre for Economic Policy Research (CEPR)","European Corporate Governance Institute (ECGI)","Imperial College London"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Centre for Economic Policy Research (CEPR), London, United Kingdom","institution_ids":["https://openalex.org/I4210140326"]},{"raw_affiliation_string":"European Corporate Governance Institute (ECGI), c/o the Royal Academies of Belgium, Rue Ducale 1 Hertogsstraat, 1000 Brussels, Belgium","institution_ids":["https://openalex.org/I4210136188"]},{"raw_affiliation_string":"Imperial College London, South Kensington Campus, Exhibition Road, London, Greater London SW7 2AZ, United Kingdom","institution_ids":["https://openalex.org/I47508984"]},{"raw_affiliation_string":"London School of Economics & Political Science (LSE), Houghton Street, London, WC2A 2AE, United Kingdom","institution_ids":["https://openalex.org/I909854389"]},{"raw_affiliation_string":"Centre for Economic Policy Research (CEPR)","institution_ids":["https://openalex.org/I4210140326"]},{"raw_affiliation_string":"European Corporate Governance Institute (ECGI)","institution_ids":["https://openalex.org/I4210136188"]},{"raw_affiliation_string":"Imperial College London","institution_ids":["https://openalex.org/I47508984"]}]}],"institutions":[],"countries_distinct_count":4,"institutions_distinct_count":8,"corresponding_author_ids":["https://openalex.org/A5042695170"],"corresponding_institution_ids":["https://openalex.org/I4210136188","https://openalex.org/I4210140326","https://openalex.org/I47508984","https://openalex.org/I909854389"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":63,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.6845999956130981,"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":0.6845999956130981,"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/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":0.19859999418258667,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.054999999701976776,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and 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"}}],"keywords":[{"id":"https://openalex.org/keywords/mortgage-refinancing","display_name":"mortgage refinancing","score":0.9819999933242798},{"id":"https://openalex.org/keywords/household-savings","display_name":"household savings","score":0.453000009059906},{"id":"https://openalex.org/keywords/information-gathering-costs","display_name":"information gathering costs","score":0.7960000038146973},{"id":"https://openalex.org/keywords/monetary-policy-transmission","display_name":"monetary policy transmission","score":0.8230000138282776},{"id":"https://openalex.org/keywords/household-finance","display_name":"household finance","score":0.4880000054836273},{"id":"https://openalex.org/keywords/denmark","display_name":"Denmark","score":0.3059999942779541}],"concepts":[{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.8077220320701599},{"id":"https://openalex.org/C2778083465","wikidata":"https://www.wikidata.org/wiki/Q693464","display_name":"Cash","level":2,"score":0.5477275252342224},{"id":"https://openalex.org/C164622146","wikidata":"https://www.wikidata.org/wiki/Q9035","display_name":"Danish","level":2,"score":0.5450747609138489},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4878371059894562},{"id":"https://openalex.org/C166052673","wikidata":"https://www.wikidata.org/wiki/Q83021","display_name":"Empirical evidence","level":2,"score":0.4461442828178406},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4420996606349945},{"id":"https://openalex.org/C198477413","wikidata":"https://www.wikidata.org/wiki/Q7647069","display_name":"Survey data collection","level":2,"score":0.4307388663291931},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.422495573759079},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3870681822299957},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3285626769065857},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.22886094450950623},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.20603936910629272},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.2139/ssrn.2463575","doi":"https://doi.org/10.2139/ssrn.2463575","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2463575","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},{"id":"pmh:oai:dash.harvard.edu:1/17492179","doi":null,"is_oa":true,"landing_page_url":"http://nrs.harvard.edu/urn-3:HUL.InstRepos:17492179","pdf_url":null,"source":{"id":"https://openalex.org/S4306401540","display_name":"Digital Access to Scholarship at Harvard (DASH) (Harvard University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I136199984","host_organization_name":"Harvard University","host_organization_lineage":["https://openalex.org/I136199984"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Journal Article"},{"id":"pmh:oai:spiral.imperial.ac.uk:10044/1/86203","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10044/1/86203","pdf_url":null,"source":{"id":"https://openalex.org/S4306401396","display_name":"Spiral (Imperial College London)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I47508984","host_organization_name":"Imperial College London","host_organization_lineage":["https://openalex.org/I47508984"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Working Paper"}],"best_oa_location":{"id":"doi:10.2139/ssrn.2463575","doi":"https://doi.org/10.2139/ssrn.2463575","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2463575","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[{"display_name":"Observational Study","id":"https://openalex.org/study-designs/observational-study"}],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":103,"referenced_works":["https://openalex.org/W423360053","https://openalex.org/W598188019","https://openalex.org/W645628221","https://openalex.org/W1505758174","https://openalex.org/W1514024461","https://openalex.org/W1579271636","https://openalex.org/W1585348618","https://openalex.org/W1588478279","https://openalex.org/W1921357261","https://openalex.org/W1938180896","https://openalex.org/W1972190631","https://openalex.org/W1978481286","https://openalex.org/W1984524168","https://openalex.org/W1991804628","https://openalex.org/W1994153666","https://openalex.org/W1995278743","https://openalex.org/W1998054917","https://openalex.org/W2016930922","https://openalex.org/W2016962092","https://openalex.org/W2017332053","https://openalex.org/W2017585317","https://openalex.org/W2022852240","https://openalex.org/W2033828175","https://openalex.org/W2036940550","https://openalex.org/W2055760404","https://openalex.org/W2057547133","https://openalex.org/W2060465351","https://openalex.org/W2066694139","https://openalex.org/W2074003325","https://openalex.org/W2082946143","https://openalex.org/W2090148352","https://openalex.org/W2094536313","https://openalex.org/W2096577823","https://openalex.org/W2100056252","https://openalex.org/W2102265878","https://openalex.org/W2104877114","https://openalex.org/W2109632703","https://openalex.org/W2110845124","https://openalex.org/W2112378860","https://openalex.org/W2115465166","https://openalex.org/W2118052532","https://openalex.org/W2124091152","https://openalex.org/W2128873631","https://openalex.org/W2137819769","https://openalex.org/W2139308460","https://openalex.org/W2140876701","https://openalex.org/W2150637392","https://openalex.org/W2151611255","https://openalex.org/W2151634366","https://openalex.org/W2152081677","https://openalex.org/W2153158718","https://openalex.org/W2162744915","https://openalex.org/W2163693971","https://openalex.org/W2165376797","https://openalex.org/W2168806230","https://openalex.org/W2171687663","https://openalex.org/W2182091510","https://openalex.org/W2183826128","https://openalex.org/W2185580901","https://openalex.org/W2232664699","https://openalex.org/W2233055185","https://openalex.org/W2244033944","https://openalex.org/W2246734814","https://openalex.org/W2280982282","https://openalex.org/W2310585907","https://openalex.org/W2752384816","https://openalex.org/W2755942233","https://openalex.org/W2766062770","https://openalex.org/W2803744577","https://openalex.org/W2885396502","https://openalex.org/W2971752998","https://openalex.org/W2979582401","https://openalex.org/W2980060437","https://openalex.org/W3008056285","https://openalex.org/W3015812362","https://openalex.org/W3020875595","https://openalex.org/W3021700394","https://openalex.org/W3121384143","https://openalex.org/W3121676893","https://openalex.org/W3121703571","https://openalex.org/W3121770567","https://openalex.org/W3122059187","https://openalex.org/W3122269459","https://openalex.org/W3122840963","https://openalex.org/W3123132596","https://openalex.org/W3123256822","https://openalex.org/W3123412793","https://openalex.org/W3123997365","https://openalex.org/W3124190716","https://openalex.org/W3124192316","https://openalex.org/W3124219328","https://openalex.org/W3124426380","https://openalex.org/W3124474954","https://openalex.org/W3124550172","https://openalex.org/W3124822508","https://openalex.org/W3124856600","https://openalex.org/W3124906284","https://openalex.org/W3126013923","https://openalex.org/W3126071966","https://openalex.org/W4211239526","https://openalex.org/W4243928658","https://openalex.org/W4244514770","https://openalex.org/W4247716813"],"related_works":["https://openalex.org/W3090633140","https://openalex.org/W4382120240","https://openalex.org/W3041005886","https://openalex.org/W7000418577","https://openalex.org/W7203710341","https://openalex.org/W6996402419","https://openalex.org/W4407903101","https://openalex.org/W4416630536","https://openalex.org/W1972862955","https://openalex.org/W7221500767"],"abstract_inverted_index":null,"counts_by_year":[{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":4},{"year":2020,"cited_by_count":5},{"year":2019,"cited_by_count":8},{"year":2018,"cited_by_count":11},{"year":2017,"cited_by_count":9},{"year":2016,"cited_by_count":6},{"year":2015,"cited_by_count":10},{"year":2014,"cited_by_count":2}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}