Narrow search
Showing 1 - 10 of 182
Cover Image
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/10014633602
Cover Image
Language proficiency and homeownership : evidence from U.S. immigrants
Luik, Marc-André; Steinhardt, Max Friedrich; Voss, Simon - 2023
and homeownership. Using an instrumental variable strategy, we find a substantial positive impact of language skills on …
Persistent link: https://www.econbiz.de/10014235116
Cover Image
Cross-country differences in homeownership : a cultural phenomenon?
Huber, Stefanie J.; Schmidt, Tobias - 2019
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 …
Persistent link: https://www.econbiz.de/10012116283
Cover Image
Homeownership rates, housing policies, and co-residence decisions
Grevenbrock, Nils; Ludwig, Alexander; Siassi, Nawid - 2023
Homeownership rates differ widely across European countries. We document that part of this variation is driven by … homeownership rates per household, homeownership rates per individual are very similar during the first part of the life cycle. To …
Persistent link: https://www.econbiz.de/10014339552
Cover Image
The impact of borrower-based instruments on household vulnerability in Germany
Barasinska, Nataliya; Ludwig, Johannes; Vogel, Edgar - 2021 - This version: June 22, 2021
Excessive household borrowing has been identified as an important determinant of financial crises. Borrower-based macroprudential instruments have been proposed as a possible remedy. In Germany, two instruments have been available to macroprudential supervisors since 2017: a cap on the...
Persistent link: https://www.econbiz.de/10012589225
Cover Image
How do entrepreneurial portfolios respond to income taxation?
Fossen, Frank M.; Rees, Ray; Rostam-Afschar, Davud; … - 2017
into entrepreneurship, we use changes in entry regulation into skilled trades. Estimation results are consistent with the …
Persistent link: https://www.econbiz.de/10011671669
Cover Image
The standard portfolio choice problem in Germany
Breunig, Christoph; Huck, Steffen; Schmidt, Tobias; … - 2019
We study an investment experiment with a representative sample of German households. Respondents invest in a safe asset and a risky asset whose return is tied to the German stock market. Experimental investments correlate with beliefs about stock market returns and exhibit desirable external...
Persistent link: https://www.econbiz.de/10012064672
Cover Image
Disparities in financial literacy, pension planning, and saving behavior
Bucher-Koenen, Tabea; Hackethal, Andreas; Kasinger, Johannes - 2022
Financial literacy affects wealth accumulation, and pension planning plays a key role in this relationship. In a large field experiment, we employ a digital pension aggregation tool to confront a treatment group with a simplified overview of their current pension claims across all pillars of the...
Persistent link: https://www.econbiz.de/10013399826
Cover Image
How do taxes affect the trading behavior of private investors? : evidence from individual portfolio data
Buhlmann, Florian; Doerrenberg, Philipp; Voget, Johannes; … - 2020 - This version: May 13, 2020
We exploit a large reform of capital-gains taxation in Germany combined with portfolio-level daily panel data to study the causal effect of taxes on individual stock-trading behavior and the disposition effect. We find substantial spikes in selling probabilities around an intertemporal tax...
Persistent link: https://www.econbiz.de/10012295629
Cover Image
The standard portfolio choice problem in Germany
Huck, Steffen; Schmidt, Tobias; Weizsäcker, Georg - 2014
We study an investment experiment conducted with a representative sample of German households. Respondents invest in a safe asset and a risky asset whose return is tied to the German stock market. Experimental investments correlate with beliefs about stock market returns and exhibit desirable...
Persistent link: https://www.econbiz.de/10010413601