risks in retirement. Our life cycle model captures these links in order to explain why homeownership in Germany is so low …. Our simulation results indicate that the public long-term care as well as the pension system reduce the homeownership rate …

homeownership and expenditure-crowding-out hypotheses. …

designated conservation areas benefit from a reduction in uncertainty regarding the future of their area. At the same time, the … and thus impose a cost to their owners. We test a simple theory of the designation process in which we postulate that the …

joint location and tenure mode decisions. To investigate the effect of homeownership on equilibrium prices and allocations … three results. First, homeownership enables more households to remain in the more desirable location at the expense of … newcomers. Second, homeownership adds to the volatility of the housing market. Third, homeownership may amplify the dispersion …

This paper studies the role of pensions and income taxes in determining homeownership and household wealth. It provides … have similar incomes per capita but very different homeownership rates, with the US and Australia having much higher … homeownership compared to Germany. The question is to what extent the observed differences in homeownership are induced by national …

In a continuous-time framework we study the technology and investment choice problem of a continuous co …

, which are charged according to the time spent in a museum. This scheme has a number of notable advantages, in particular the …