All Outputs (3)

Does Homeownership Reduce Crime? A Radical Housing Reform from the UK (2023)
Journal Article
Disney, R., Gathergood, J., Machin, S., & Sandi, M. (2023). Does Homeownership Reduce Crime? A Radical Housing Reform from the UK. Economic Journal, 133(655), 2640–2675. https://doi.org/10.1093/ej/uead040

‘Right to Buy’, a large-scale natural experiment whereby incumbent tenants in public housing could buy properties at heavily subsidised prices, increased the United Kingdom homeownership rate by over 10 percentage points between its 1980 introduction... Read More about Does Homeownership Reduce Crime? A Radical Housing Reform from the UK.

Naïve Buying Diversification and Narrow Framing by Individual Investors (2023)
Journal Article
Gathergood, J., Hirshleifer, D., Leake, D., Sakaguchi, H., & Stewart, N. (2023). Naïve Buying Diversification and Narrow Framing by Individual Investors. Journal of Finance, 78(3), 1705-1741. https://doi.org/10.1111/jofi.13222

We provide the first tests to distinguish whether individual investors equally balance their overall portfolios (naïve portfolio diversification, NPD) or, in contrast, equally balance the values of same-day purchases of multiple assets (naïve buying... Read More about Naïve Buying Diversification and Narrow Framing by Individual Investors.

Buy now, pay later (BNPL) …on your credit card (2023)
Journal Article
Guttman-Kenney, B., Firth, C., & Gathergood, J. (2023). Buy now, pay later (BNPL) …on your credit card. Journal of Behavioral and Experimental Finance, 37, Article 100788. https://doi.org/10.1016/j.jbef.2023.100788

We provide the first economic research on ‘buy now, pay later’ (BNPL): an unregulated FinTech credit product enabling consumers to defer payments into interest-free instalments. We study BNPL using UK credit card transaction data. We document consume... Read More about Buy now, pay later (BNPL) …on your credit card.