PhD defence: Rikke Sejer Nielsen

The mortgage decision is typically the most important financial decision of a household, as housing
often is the biggest household asset. Thus, mortgage choices regarding leverage, mortgage type,
mortgage rate type, etc. are essential for the wealth and welfare of the household, in the present
as well as in the future. In this PhD thesis, I study how the household’s mortgage choice affects its
other financial decisions regarding consumption, investment, pension savings, and other savings.
In particular, I investigate how the introduction of non-conventional interest-only (IO) mortgages
affects household consumption and savings. My research is based on a unique data set with detailed information on Danish households and their mortgages.

Primary Supervisor:
Associate Professor Linda Sandris Larsen
Department of Finance
Copenhagen Business School

Secondary Supervisors:
Professor Jesper Rangvid
Department of Finance
Copenhagen Business School

 
Assessment Committee:
Professor Kasper Meisner Nielsen (Chair)
Department of Finance
Copenhagen Business School

Associate Professor Steffen Meyer
Department of Management
University of Southern Denmark

Associate Professor (Docent) Marieke Bos
Swedish House of Finance
Stockholm School of Economics

Thesis:
The thesis will be available from research.cbs.dk