Showing 1 - 10 of 65
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 …
Persistent link: https://www.econbiz.de/10012979128
We study the effect of home equity and indebtedness on financial portfolio choices of Dutch households during the 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...
Persistent link: https://www.econbiz.de/10012998709
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 …
Persistent link: https://www.econbiz.de/10012996689
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 …
Persistent link: https://www.econbiz.de/10013014361
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 …
Persistent link: https://www.econbiz.de/10012929253
Provided there are positive external benefits attached to the historic character of buildings, owners of properties in designated conservation areas benefit from a reduction in uncertainty regarding the future of their area. At the same time, the restrictions put in place to ensure the...
Persistent link: https://www.econbiz.de/10013315608
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/10013316053
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 …
Persistent link: https://www.econbiz.de/10013044547
This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is potentially related to all other micro units, and where micro innovations are allowed to be cross sectionally dependent. Following Pesaran (2003), an optimal aggregate function is...
Persistent link: https://www.econbiz.de/10013038262
We examine the impact of the ECB's QE on Euro Area real GDP and core CPI with a Bayesian VAR, estimated on monthly data from 2012M6 to 2016M4. We assess the total impact via a counter-factual exercise, country-by-country and through alternative transmission channels. QE announcement shocks are...
Persistent link: https://www.econbiz.de/10012986934