Showing 1 - 10 of 533
The paper compares the dynamics of housing prices in fifteen OECD countries. The data reveal a remarkable degree of …
Persistent link: https://www.econbiz.de/10005779775
With the ageing of the European population, the housing choices of the elderly will have consequences on the whole … housing market. In this paper we use data from the first two waves of the Survey of Health, Ageing and Retirement in Europe …
Persistent link: https://www.econbiz.de/10008833901
Persistent link: https://www.econbiz.de/10005669577
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
Who is wealthy? This paper presents empirical estimates of household movements into and out of the top percents of the wealth distribution over individual life cycles. There are life-cycle motives and precautionary motives for wealth accumulation. The opportunities to accumulate wealth create...
Persistent link: https://www.econbiz.de/10009416200
Who is wealthy? This paper presents empirical estimates of household movements into and out of the top percents of the wealth distribution over individual life cycles. There are life-cycle motives and precautionary motives for wealth accumulation. The opportunities to accumulate wealth create...
Persistent link: https://www.econbiz.de/10010699698
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
housing tenure where homeowners commit to mortgage payments. Our model predicts that, as long as mortgage rates exceed the … income volatility is higher. Our model further predicts that the relation between housing wealth and entrepreneurship is …
Persistent link: https://www.econbiz.de/10010948829
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