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In this empirical paper we analyze the link between homeownership across cohorts and the net wealth distribution. In … over cohorts on the distribution of net wealth we impose the homeownership pattern of the US on Germany and ask: What would …
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and homeownership. Using an instrumental variable strategy, we find a substantial positive impact of language skills on …
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Cross-country differences in homeownership rates are large and persistent over time, with homeownership rates ranging … from 40% in Switzerland to 80% in Spain. This paper investigates whether culture is a driving factor of the homeownership … decision, and could thus explain part of the cross-country differences in homeownership rates. To isolate the effect of …
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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,...
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