We estimate household equivalence scales using income satisfaction data from the German Socio-Economic Panel. We extend … previous studies applying this approach by taking reference income into account. This allows separating needs-based from … reference effects in the determination of income satisfaction. We show that this adjustment helps to overcome a bias causing an …

payments by owner-occupiers. We build a lifecycle model with uninsurable income risk and endogenous homeownership in order to …The homeownership rate in Germany is one of the lowest among advanced economies. To better understand this fact, we … analyze the role of three specific policies which discourage homeownership in Germany: an extensive social housing sector with …

is often used as an argument for policies that foster homeownership. However, the causal link between homeownership and … wealth position of the household only through homeownership. For the sample of inheritors we find that the local average …

We study the link between homeownership, mortgage debt, and entrepreneurship using a model of occupational choice and … income volatility is higher. Our model further predicts that the relation between housing wealth and entrepreneurship is …

between the countries of the Euro area. We find a strong negative correlation between wealth inequality and homeownership … by homeownership status shows that the negative relationship is mostly driven by large between-group inequality across …-country inequality differences. We confirm the major role for homeownership rates in accounting for the wealth inequality differences …

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 …