Similar Search Results

Homeownership and Entrepreneurship: The Role of Mortgage Debt and Commitment

Bracke, Philippe; Hilber, Christian; Silva, Olmo - CESifo - 2014

We study the link between homeownership, mortgage debt, and entrepreneurship using a model of occupational choice and … housing tenure where homeowners commit to mortgage payments. Our model predicts that, as long as mortgage rates exceed the … rate of interest on liquid wealth: (i) mortgage debt, by amplifying risk aversion, diminishes the likelihood that …

Persistent link: https://www.econbiz.de/10010948829

Supply Restrictions, Subprime Lending and Regional US House Prices

Anundsen, André Kallåk; Heebøll, Christian - CESifo - 2015

, mortgage credit constraints and a price-to-price feedback loop affects house price volatility. Considering 247 Metropolitan …

Persistent link: https://www.econbiz.de/10011196566

Explaining the Spatial Variation in Homeownership Rates: Results for German Regions

Lerbs, Oliver; Oberst, Christian - CESifo - 2011

homeownership rates. Among the explanatory variables, the analysis includes important regional housing market indicators as well as … homeownership rates vary so substantially across the country. The results indicate significant neighborhood effects for several …

Persistent link: https://www.econbiz.de/10008872209

When Arm's Length Is Too Far. Relationship Banking over the Business Cycle

Beck, Thorsten; Degryse, Hans; Haas, Ralph de; Horen, … - CESifo - 2014

Using a novel way to identify relationship and transaction banks, we study how banks’ lending techniques affect funding to SMEs over the business cycle. For 21 countries we link the lending techniques that banks use in the direct vicinity of firms to these firms’ credit constraints at two...

Persistent link: https://www.econbiz.de/10010795340

Tenancy Rent Control and Credible Commitment in Maintenance

Arnott, Richard J.; Shevyakhova, Elizaveta - CESifo - 2014

Under tenancy rent control, rents are regulated within a tenancy but not between tenancies. This paper investigates the effects of tenancy rent control on housing quality and maintenance. Since the discounted revenue received over a fixed-duration tenancy depends only on the starting rent,...

Persistent link: https://www.econbiz.de/10010877779

Renewed Momentum in the German Housing Market: Boom or Bubble?

Chen, Xi; Funke, Michael - CESifo - 2013

The renewed momentum in the German housing market has led to concerns that Germany is vulnerable to asset price shocks. In this paper, we apply recently developed recursive unit root tests to detect the beginning and the end of potential speculative bubbles in Germany over the sample period...

Persistent link: https://www.econbiz.de/10010877826

Urban Renewal after the Berlin Wall

Ahlfeldt, Gabriel; Maennig, Wolfgang; Richter, Felix J. - CESifo - 2013

Urban renewal areas are popular but empirically understudied spatial planning instruments designed to prevent urban decline and induce renewal. We use a quasi-experimental research design to study the effects of 22 renewal areas implemented in Berlin, Germany, to increase housing and living...

Persistent link: https://www.econbiz.de/10010721609

A Theory of Urban Squatting and Land-Tenure Formalization in Developing Countries

Brueckner, Jan K.; Selod, Harris - CESifo - 2008

This paper offers a new theoretical approach to urban squatting, reflecting the view that squatters and formal residents compete for land within a city. The key implication of this view is that squatters “squeeze” the formal market, raising the price paid by formal residents. The squatter...

Persistent link: https://www.econbiz.de/10005094364

The Effect of Awareness and Incentives on Tax Evasion

Alstadsæter, Annette; Jacob, Martin - CESifo - 2013

We examine the role of tax incentives, tax awareness, and complexity in tax evasion. We observe a specific type of tax evasion among business owners in Swedish administrative panel data, after the tax authority has approved all tax returns. For the period 2006–2009, approximately 5% of tax...

Persistent link: https://www.econbiz.de/10010877805

Adults' Financial Literacy and Households' Financial Assets: The Role of Banks Information Policies

Fort, Margherita; Manaresi, Francesco; Trucchi, Serena - CESifo - 2014

We investigate the role of banks information policies in fostering the accumulation of financial knowledge. In Italy, banks belonging to the PattiChiari Consortium implement policies aimed at increasing transparency and procedural simplification, without offering services at lower cost with...

Persistent link: https://www.econbiz.de/10010948806

1
2
3
4
5
6
7
8
9
10
Next
Last