Showing 1 - 10 of 80
Are households more likely to be homeowners when “housing risk” is higher? We show that home-ownership rates and loan … inference is confounded by house price levels, which are systematically correlated with housing risk in an intuitive way: in …
Persistent link: https://www.econbiz.de/10011126690
This paper solves an empirically parameterised model of life-cycle consumption which extends the precautionary savings models of Carroll (1997), and Deaton (1991), to allow for uncollaterized borrowing and default. In case households choose to default: (i) their access to credit markets is...
Persistent link: https://www.econbiz.de/10011071178
after entering homeownership. The negative link can be rationalized by portfolio considerations: leveraged housing …
Persistent link: https://www.econbiz.de/10011126138
. We find that the MID only boosts homeownership attainment of higher income households in less tightly regulated housing …
Persistent link: https://www.econbiz.de/10010884709
regulated housing markets. In more restrictive places an adverse effect exists. The MID is an ineffective policy to promote …
Persistent link: https://www.econbiz.de/10011126437
This paper shows that the two main models in the buffer stock saving literature can be nested in a model that varies the level of available social insurance. Equivalently, the assumption about the time series process for labor income (and social insurance during unemployment) is crucial in...
Persistent link: https://www.econbiz.de/10010745934
We analyze the impact of an increase in the risk of divorce on the saving behaviour of married couples. From a theoretical perspective, the expected sign of the effect is ambiguous. We take advantage of the legalization of divorce in Ireland in 1996 as an exogenous increase in the likelihood of...
Persistent link: https://www.econbiz.de/10011071224
, Health, Housing, Income Maintenance and Social Security and Personal Social Services. The paper systematically explores who …
Persistent link: https://www.econbiz.de/10010744869
This article looks at the way in which the role of the state has evolved within different aspects of welfare activity (broadly defined) in the United Kingdom since 1979 and forward to the possible impacts of the plans of the Coalition government that took office in 2010 for changing that role...
Persistent link: https://www.econbiz.de/10010745960
This paper decomposes the growth in land occupied by residences in the United States to give the relative contributions of changing demographics versus changes in residential land per household. Between 1976 and 1992 the amount of residential land in the United States grew 47.7% while population...
Persistent link: https://www.econbiz.de/10010746285