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Homeownership in the Immigrant Population
Borjas, George J. - 2002
This paper analyzes the determinants of homeownership in immigrant households over the 1980-2000 period. The study … finds that immigrants have lower homeownership rates than natives and that the homeownership gap widened significantly … origin mix of the immigrant population, helps explain much of the homeownership gap. The evidence also indicates that the …
Persistent link: https://www.econbiz.de/10012469769
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Addressing Biases that Impact Homeowners' Adoption of Solar Panels
Kunreuther, Howard; Polise, Anna; Spellmeyer, Quinlyn - National Bureau of Economic Research - 2021
Solar power is now economically competitive with fossil fuels in many countries, yet relatively few homeowners have installed solar panels on their property. A principal reason for this behavior stems from cognitive biases--such as myopia, inertia and herding--that cause consumers to avoid...
Persistent link: https://www.econbiz.de/10012510556
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Economic Crises and Mental Health : Effects of the Great Recession on Older Americans
Cutler, David M.; Sportiche, Noémie - National Bureau of Economic Research - 2022
We examine the effect of the Great Recession of 2007-2009 on the mental health of older adults, using longitudinal Health and Retirement Study data linked to area-level data on house prices. We use a variety of measures to capture mental health and rely on the very large cross-sectional...
Persistent link: https://www.econbiz.de/10013172117
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Human-Algorithm Interactions : Evidence from Zillow.com
Fu, Runshan; Jin, Ginger Zhe; Liu, Meng - National Bureau of Economic Research - 2022
Using bi-weekly snapshots of Zillow in three US cities, we document how home sellers and buyers interact with Zillow's Zestimate algorithm during the sales cycle of residential properties. We find that listing and selling outcomes respond significantly to Zestimate, and Zestimate is quickly...
Persistent link: https://www.econbiz.de/10013172179
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Collateral Damage : The Impact of Shale Gas on Mortgage Lending
Chen, Yanyou; Roberts, James W.; Timmins, Christopher; … - National Bureau of Economic Research - 2021
We analyze mortgage lenders' behavior with respect to shale gas risk during the period of the U.S. shale gas boom, which coincided with fluctuations in the U.S. housing market and increased scrutiny in the lending industry. Shale gas operations have the potential to place affected houses into...
Persistent link: https://www.econbiz.de/10012696403
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The Cost of Consumer Collateral : Evidence from Bunching
Collier, Benjamin L.; Ellis, Cameron; Keys, Benjamin J. - National Bureau of Economic Research - 2021
We show that borrowers are highly sensitive to the requirement of posting their homes as collateral. Using administrative loan application and performance data from the U.S. Federal Disaster Loan Program, we exploit a loan amount threshold above which households must post their residence as...
Persistent link: https://www.econbiz.de/10012696436
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House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis
Mian, Atif R. - 2009
Using individual-level data on homeowner debt and defaults from 1997 to 2008, we show that borrowing against the increase in home equity by existing homeowners is responsible for a significant fraction of both the sharp rise in U.S. household leverage from 2002 to 2006 and the increase in...
Persistent link: https://www.econbiz.de/10012463368
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Wealth Portfolios in the UK and the US
Banks, James - 2002
In this paper, we attempt to explain differences between the US and UK household wealth distributions, with an emphasis on the quite different porfolios held in stock and housing equities in the two countries. As a proportion of their total wealth, British households hold relatively small...
Persistent link: https://www.econbiz.de/10012469583
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A Home of One's Own : Aging and Homeownership in the United States in the late Nineteenth and Early Twentieth Centuries
Haines, Michael R. - 1991
centuries from the standpoint of property accumulation over the life course. Age patterns of homeownership for urban and rural … of Labor Survey, and published data from the 1890 and 1930 united States censuses, the incidence of homeownership by age …
Persistent link: https://www.econbiz.de/10012475448
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Property Insurance and Disaster Risk : New Evidence from Mortgage Escrow Data
Keys, Benjamin J.; Mulder, Philip - National Bureau of Economic Research - 2024
We develop a new dataset to study homeowners insurance. Our data on over 47 million observations of households' property insurance expenditures from 2014-2023 are inferred from mortgage escrow payments. First, we find a sharp 33% increase in average premiums from 2020 to 2023 (13% in real terms)...
Persistent link: https://www.econbiz.de/10014576608