Showing 1 - 10 of 1,031
Using the data on maintenance expenditures and self-assessed house value, I separate the measure of individual housing … stock and house prices, and use these data for testing whether nondurable consumption and housing are characterized by … nondurable consumption and housing. I reach a similar conclusion for some separate consumption categories, such as food and …
Persistent link: https://www.econbiz.de/10012052769
-cycle incomplete-markets model with a liquid financial asset and illiquid housing to match the large heterogeneity of households asset …
Persistent link: https://www.econbiz.de/10011872145
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/10010274728
This paper investigates the US housing market from just before the Great Recession onward (2006-2019) and assesses the … housing slump sooner, faster, and more prominently than slower sales. The simulated stock-flow matching model can not only … the importance of stock-flow matching for understanding housing market dynamics. …
Persistent link: https://www.econbiz.de/10013470294
through housing wealth. …
Persistent link: https://www.econbiz.de/10011388165
We use sizeable lottery prizes in Norwegian administrative panel data to characterize households’ marginal propensities to consume (MPCs). Our main contribution is to document how MPCs vary with household characteristics and prize size, and how lottery prizes are spent and saved over time. We...
Persistent link: https://www.econbiz.de/10011887394
The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the first attempts to shed light on how demographic aging could shape this role. We show that, in the absence of retirement annuities, or for a given level of annuitization, both...
Persistent link: https://www.econbiz.de/10011522484
of property investments, and through this channel have large effects on her housing market activity. Our data combine … anonymized social network information from Facebook with housing transaction data and a survey. We first show that in the survey … these findings, we introduce a new methodology to document large effects of housing market expectations on individual …
Persistent link: https://www.econbiz.de/10011480488
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/10010435738
This paper studies the role of pensions and income taxes in determining homeownership and household wealth. It provides a cross-country analysis, using tax and pension policy designs in Germany, the US and Australia. These developed nations have similar incomes per capita but very different...
Persistent link: https://www.econbiz.de/10012657944