We quantify the housing-consumption channel in mortgage demand according to which households borrow more following …-prices of 0.82. Counterfactual analysis of the general-equilibrium of housing and mortgage markets shows that, sans housing-consumption … house-price increases since housing and non-housing consumption are imperfect substitutes. To identify this channel, we take …

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 … consumption-saving and housing tenure decisions. We embed an explicit intergenerational link between children and parents to …

ways of defining manufacturing and service employment as point of departure - according to the industry classification of … is far less pronounced than generally perceived. Manufacturing and service employment numbers based on the occupations of … workers deviate markedly from the employment numbers based on the industry classification of employers. The decline in …

that ignore self-employment. In this paper, we assess how UI benefit duration affects the motivation for creating a startup … of self-assessed motivation, sales, and employment growth lessen. This overall causal effect of PBD can be rationalized …

. Yet, most research has focused on analyzing the effects of unemployment insurance policies on re-employment outcomes …, ignoring self-employment. In this paper, we analyze how the potential duration of unemployment benefits, a fundamental design … consequence, more necessity entrepreneurship and worse startup outcomes in terms of sales and employment growth. We explain this …