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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
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
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
For the purpose of studying the consequences of the ageing of the Swedish population a group of scientists have enlarged the microsimulation model SESIM - originally developed at the Swedish Ministry of Finance - with modules that simulate health status, take up of sickness benefits, retirement,...
Persistent link: https://www.econbiz.de/10005771040
This paper analyses the dynamics of the duration of housing allowance claims in Sweden during the period 1991 to 2002 …. The central concern in this paper is whether the Swedish housing allowance system creates dependence on welfare. Using … arising from the duration of housing allowance claims. This finding is consistent across different model specifications and …
Persistent link: https://www.econbiz.de/10005644556