and endogeneity into account. In our preferred specifications both home equity and the household's amount of mortgage debt … period 2006-2012. Using a large administrative dataset at the household level we estimate how home equity and the outstanding … mortgage amount influence the share of liquid assets held in stocks. We apply different econometric methods to take selection …

to consume (MPCs). Our main contribution is to document how MPCs vary with household characteristics and prize size, and …

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 …

analyze the role of three specific policies which discourage homeownership in Germany: an extensive social housing sector with … homeownership rate. At the same time, household welfare would be reduced by moving to a policy regime with low transfer taxes and … mortgage interest tax deductions, but it would improve in the absence of social housing, in particular when coupled with …

household structure is widely neglected. Societal trends like a decline in birth rate and an increase in the risk of divorce … paper is to quantify the proportion of changing household structures in the increase in inequality. We find that the rise in … inequality was indeed more due to changes of household structure and employment behavior rather than changes in wages. Moreover …

Finances. The household-level data allow us to study the joint distributions of household income and wealth since 1949. We … shift the wealth distribution because the composition and leverage of household portfolios differ systematically along the … wealth distribution. Middle-class portfolios are dominated by housing, while rich households predominantly own equity. An …

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 … price and affordability of owner-occupied housing, and the regional composition of the housing stock can be identified as …

We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel …