Similar Search Results

Perceived Precautionary Savings Motives : Evidence from FinTech

D'Acunto, Francesco - 2020

We study the spending response of first-time borrowers to an overdraft facility and elicit their preferences, beliefs, and motives through a FinTech application. Users increase their spending permanently, lower their savings rate, and reallocate spending from non-discretionary to discretionary...

Persistent link: https://www.econbiz.de/10012840540

Homeownership and Entrepreneurship: The Role of Mortgage Debt and Commitment

Bracke, Philippe; Hilber, Christian; Silva, Olmo - 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/10010435738

The Saving Glut of the Rich and the Rise in Household Debt

Mian, Atif R. - 2020

Rising income inequality since the 1980s in the United States has generated a substantial increase in saving by the top of the income distribution, which we call the saving glut of the rich. The saving glut of the rich has been as large as the global saving glut, and it has not been associated...

Persistent link: https://www.econbiz.de/10012837475

Explaining spatial variation in homeownership rates: Results for German regions

Lerbs, Oliver; Oberst, Christian - 2011

A wide range of aggregate data is used to examine the spatial variation in homeownership rates among a cross-section of … spatial dependence in homeownership levels. In addition to familiar demographic and socioeconomic variables, the regional … disparities in homeownership rates between eastern and western Germany as well as between rural, urbanized and agglomerated …

Persistent link: https://www.econbiz.de/10010274774

Furlough and Household Financial Distress During the Covid-19 Pandemic

Görtz, Christoph; McGowan, Danny; Yeromonahos, Mallory - 2021

, but not mortgagees who can mitigate financial distress by reducing expenditure during furlough by deferring mortgage … payments though the Mortgage Holiday Scheme. Furloughed individuals significantly reduce expenditure and spend their savings to …

Persistent link: https://www.econbiz.de/10013212266

Redrawing of a Housing Market : Insurance Payouts and Housing Market Recovery in the Wake of the Christchurch Earthquake of 2011

Nguyen, Cuong - 2020

On the 22nd of February 2011, much of the residential housing stock in the city of Christchurch, New Zealand, was damaged by an unusually destructive earthquake. Almost all of the houses were insured. We ask whether insurance was able to mitigate the damage adequately, or whether the damage from...

Persistent link: https://www.econbiz.de/10012822499

Limited Attention in the Housing Market : Threshold Effects of Energy-Performance Certificates on Property Prices and Energy-Efficiency Investments

Sejas-Portillo, Rodolfo; Comerford, David; Moro, Mirko; … - 2021

We study the effects of limited attention on property prices and energy efficiency (EE) investments in the housing market. Using a novel dataset, we analyse over 5 million residential property sale transactions in England and Wales, each containing information about sale price, property and...

Persistent link: https://www.econbiz.de/10013315011

A Spatiotemporal Equilibrium Model of Migration and Housing Interlinkages

Cun, Wukuang; Pesaran, M. Hashem - 2022

This paper develops and solves a spatiotemporal equilibrium model in which regional wages and house prices are jointly determined with location-to-location migration flows. The agent’s optimal location choice and the resultant migration process are shown to be Markovian, with the transition...

Persistent link: https://www.econbiz.de/10013323973

Price and Prejudice : Housing Rents Reveal Racial Animus

Brülhart, Marius; Klinke, Gian-Paolo; Marcucci, Andrea; … - 2023

We study market rents in the neighborhood of asylum seeker hosting centers. Our empirical setting exploits the quasi-random opening of centers and spatial allocation of asylum seekers in Switzerland. Rents within 0.7km of an active center are found on average to be 3.8% lower than rents in the...

Persistent link: https://www.econbiz.de/10014357814

The Heterogeneous Response of Real Estate Asset Prices to a Global Shock

Heiniger, Sandro; Koeniger, Winfried; Lechner, Michael - 2022

We estimate the transmission of the pandemic shock in 2020 to prices in the residential and commercial real estate market by causal machine learning, using new granular data at the municipal level for Germany. We exploit diﬀerences in the incidence of Covid infections or short-time work at the...

Persistent link: https://www.econbiz.de/10014241990

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