Showing 1 - 10 of 1,448
This paper describes the real wealth accumulation of American youth and relates this behavior to variations in real … price have two offsetting effects on wealth. First, the greater the local constant-quality price of housing, the greater the … wealth needed to meet the lender imposed down payment constraint if housing demand is price inelastic. However, increased …
Persistent link: https://www.econbiz.de/10012473216
This paper describes the wealth accumulation of American youth and relates this behavior to their eventual housing … choices. We develop a data set that links wealth profiles of youth with constant- quality house prices and tenure choice. A … panel data set is compiled for youth age 20-33 for the years 1985 through 1990. We construct wealth profiles for each …
Persistent link: https://www.econbiz.de/10012473819
of Income Dynamics. While a cross-section time-series regression implies that housing wealth does affect saving, a fixed …
Persistent link: https://www.econbiz.de/10012476214
instruments. The evidence suggests that the typical elderly family does not wish to reduce housing wealth to increase current …We have described the relationship between family attributes and moving, and between moving and change in housing … wealth. Moving is often associated with retirement and with precipitating shocks like the death of a spouse or by other …
Persistent link: https://www.econbiz.de/10012476744
Retirement in Europe (SHARE) to examine the wealth accumulation (saving) behavior of the retired elderly in Europe. To summarize … our main findings, we find that less than half of the retired elderly in Europe are decumulating their wealth and that the … average wealth accumulation rate of the retired elderly in Europe is positive though relatively moderate (6.6% over a 3-year …
Persistent link: https://www.econbiz.de/10013388826
homeownership, with a response function that exhibits substantial concavity but also an extremely high upper bound, and larger … there is little effect on total fertility. Our results support a causal pathway behind differences in homeownership and … marriage by socioeconomic status and inform theories of household formation and the family …
Persistent link: https://www.econbiz.de/10013477235
Rising wealth inequality has spurred an increased interest in understanding how and why wealth is correlated across … generations. We exploit plausibly exogenous variation in housing wealth driven by home price changes in different areas to isolate … the causal impact of parental housing wealth during different childhood periods on children's long-run wealth accumulation …
Persistent link: https://www.econbiz.de/10014372426
Tiebout's classic 1956 paper has strong implications regarding stratification across and within jurisdictions, predicting in the simplest instance a hierarchy of internally homogeneous communities ordered by income. Typically, urban areas are less than fully stratified, and the question arises...
Persistent link: https://www.econbiz.de/10012461294
Health, wealth and where one lives are important, if not the three most important material living conditions. There are …
Persistent link: https://www.econbiz.de/10012468800
This paper summarizes the impact of economic, social and demographic variables on household formations and home ownership in the 1960-85 period and uses this knowledge to forecast household formations, and their split between owners and renters, through the year 2000. High and low growth...
Persistent link: https://www.econbiz.de/10012476693