!reased demand for mortgage loans is caused by substitution from other forms of consumercredit. Contrary to results reported in the …

Cross-country differences in homeownership rates are large and persistent over time, with homeownership rates ranging … across generations-may value homeownership differently, and could thus be a driving demand factor of the homeownership … decision. To isolate the effect of cultural preferences regarding homeownership from the impact of other economic factors, we …

estimation methods. We findsome strikingly large effects of certain events on the occurrence of depression. We show that the …

incomplete markets model and find that advance information reduces households' income forecast errors by 15%. Our estimation …

I study the implications of climate change and adaptation on housing and income, and wealth. I embed climate change in … their housing capital and physical capital, respectively. The analysis reveals that climate change is intrinsically …

violations of the strong validity assumption affect the estimation results. We show that, in case of moderate direct effects of …