题目：Adaptation to Climate Change Through Mortgage Default and Prepayment
主讲人：李腾 教授
时间：2024年5月29日 15：00
地点：崇仁楼110会议室
摘要：Home ownership and conventional mortgage debt financing emerge endogenously in a model of lifetime household consumption. The conventional mortgage is fundamentally exposed to default and prepayment risk. Rates of mortgage default and prepayment-move outcomes increase as households adapt after exposure to high temperatures. Empirically we find that households treated to high-temperature: i) show elevated rates of default and prepayment, particularly in high-amenity locations that are vulnerable to sea-level rise risk, ii) are more likely to relocate conditional on prepayment, and iii) are more likely to migrate to cooler parts of the country.
【专家简介】
李腾，中山大学国际金融学院教授、学术部主任，中山大学高级金融研究院研究员，国家重大人才工程青年人才，中山大学“逸仙学者”、“百人计划”引进人才。主要的研究方向是环境、劳动与金融经济学。研究发表于Journal of Financial Economics, Journal of Urban Economics, Journal of Environmental Economics and Management，Organizational Behavior and Human Decision Processes，Journal of Economic Behavior and Organization, Regional Science and Urban Economics，《经济研究》《管理世界》《经济学（季刊）》和《世界经济》等国内外顶级经济金融学期刊，主持国家自然科学基金项目。担任《金融学季刊》编辑。曾荣获中国留美经济学年会邹至庄最佳论文奖、中山大学教师教学竞赛特等奖。