Construct · 1 fields · 1 citations

mortgage shopping effort: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Housing finance

how hard borrowers search across lenders and brokers for mortgage terms, with low effort and confusion over fees leading to overpayment.

In housing finance, mortgage shopping effort refers to how hard borrowers search across lenders and brokers for mortgage terms, with low effort and confusion over fees leading to overpayment. This meaning comes from Woodward (2012) in American Economic Review.[1]

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Nearby constructs

confusion3 fields · 3 citationsjingle · one word, three constructs effort2 fields · 2 citationsjingle · one word, two constructs leading1 fields · 1 citationsanchor · a standalone construct

References

Woodward, S. E., & Hall, R. E. (2012). Diagnosing Consumer Confusion and Sub-Optimal Shopping Effort: Theory and Mortgage-Market Evidence. American Economic Review, 102(7), 3249-3276. https://doi.org/10.1257/aer.102.7.3249

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