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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/10009011208
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Housing market dynamics : on the contribution of income shocks and credit constraints
Ortalo-Magné, François; Rady, Sven - 2001
This paper presents a dynamic theory of housing market fluctuations. It develops a life-cycle model where households are heterogeneous with respect to income and preferences, and mortgage lending is restricted by a down-payment requirement. The market interaction of young credit-constrained...
Persistent link: https://www.econbiz.de/10011398664
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Home ownership and household portfolio choice
Michielsen, Thomas; Mocking, Remco; Veldhuizen, Sander van - 2016
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/10011415276
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Housing-consumption channel of mortgage demand
Ahlfeldt, Gabriel M.; Szumilo, Nikodem; Tripathy, Jagdish - 2024
We quantify the housing-consumption channel in mortgage demand according to which households borrow more following house-price increases since housing and non-housing consumption are imperfect substitutes. To identify this channel, we take a structural approach to mortgage demand and supply,...
Persistent link: https://www.econbiz.de/10014637339
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A theory of urban squatting and land-tenure formalization in developing countries
Brueckner, Jan K. (contributor); Selod, Harris (contributor) - 2008
This paper offers a new theoretical approach to urban squatting, reflecting the view that squatters and formal residents compete for land within a city. The key implication of this view is that squatters squeezeʺ the formal market, raising the price paid by formal residents. The squatter...
Persistent link: https://www.econbiz.de/10003720592
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Social networks and housing markets
Bailey, Michael; Cao, Ruiqing; Kuchler, Theresa; … - 2016
The recent house price experiences within an individual's social network affect her perceptions of the attractiveness of property investments, and through this channel have large effects on her housing market activity. Our data combine anonymized social network information from Facebook with...
Persistent link: https://www.econbiz.de/10011476018
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Gentrification and neighborhood housing cycles : will America's future downtowns be rich?
Brueckner, Jan K. (contributor);  … - 2005
This paper identifies a new factor, the age of the housing stock, that affects where high- and low-income neighborhoods are located in U.S. cities. High-income households, driven by a high demand for housing services, will tend to locate in areas of the city where the housing stock is relatively...
Persistent link: https://www.econbiz.de/10003202901
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Does homeownership promote wealth accumulation?
Kaas, Leo; Kocharkov, Georgi; Preugschat, Edgar - 2016
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/10011429581
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Wealth inequality and homeownership in Europe
Kaas, Leo; Kocharkov, Georgi; Preugschat, Edgar - 2015
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 … crosscountry inequality differences. We confirm the major role for homeownership rates in accounting for the wealth inequality …
Persistent link: https://www.econbiz.de/10011334237
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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 …
Persistent link: https://www.econbiz.de/10010425992