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Making use of home equity : the potential of housing wealth to enhance retirement security
Bravo, Jorge Miguel Ventura; Ayuso, Mercedes; Holzmann, … - 2019
amount of home equity that is expected to be released over a 10-year period through regular monthly mortgage payments. We …
Persistent link: https://www.econbiz.de/10012120692
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Mortgage finance and culture
Rodríguez-Planas, Núria - 2018
having a mortgage in Spain. Similarly, the higher the mortgage depth in the country of ancestry, the higher the present value … of the monthly mortgage payments. Our results suggest that social norms regarding mortgage finance in the country of … ancestry matter in determining immigrants' mortgage finance in the host country. More specifically, the effect of social norms …
Persistent link: https://www.econbiz.de/10011796425
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Mortgage finance in Central and Eastern Europe : opportunity or burden?
Beck, Thorsten; Kibuuka, Katie; Tiongson, Erwin R. - 2010
determinants of access to mortgage finance. It also examines whether mortgage holders were more likely to suffer financial distress … compared with non-mortgage holders in the period before the global financial crisis. The analysis does not find any systematic … evidence that mortgage holders are financially more vulnerable than renters or outright owners; in fact, the incidence of …
Persistent link: https://www.econbiz.de/10003940327
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Home ownership and monetary policy transmission
Koeniger, Winfried; Ramelet, Marc-Antoine - 2018
We present empirical evidence on the heterogeneity in monetary policy transmission across countries with different home ownership rates. We use household-level data together with shocks to the policy rate identified from high-frequency data. We find that housing tenure reacts more strongly to...
Persistent link: https://www.econbiz.de/10011949270
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Home ownership and home equity promote entrepreneurial activity
Hassink, Wolter H. J.; Millone, Matteo; Mocking, Remco; … - 2021
This paper studies the effects of private real estate collateral on entrepreneurial lending and entrepreneurial activity in the Netherlands. The residential collateral channel is especially relevant for sole-proprietors who own a business with unlimited liability. We used administrative data on...
Persistent link: https://www.econbiz.de/10012485842
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Dynastic home equity
Benetton, Matteo; Kudlyak, Marianna; Mondragon, John - 2022
Using a nationally representative panel of consumer credit records for the US from 1999 to 2021, we document a positive correlation between child and parent homeownership. We propose a new causal mechanism behind this relationship based on parents extracting home equity to help finance their...
Persistent link: https://www.econbiz.de/10013286209
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Does the Community Reinvestment Act increase small business lending in lower income neighborhoods?
Kim, Mee Jung; Lee, Kyung Min; Earle, John S. - 2021
We estimate the impact of the Community Reinvestment Act (CRA) on small business lending in lower-income neighborhoods. Using 2004-2016 panel data on census tracts, we apply a combined regression discontinuity and fixed effect method. We find that the number of small business loans increases by...
Persistent link: https://www.econbiz.de/10012609174
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Returns to school spending in rural America : evidence from Wisconsin's Sparsity Aid Program
Acton, Riley K.; Orr, Cody; Rogers, Salem - 2023
We study the effects of increased school spending in rural American school districts by leveraging the introduction and subsequent expansion of Wisconsin's Sparsity Aid Program. We find that the program, which provides additional state funding to small and isolated school districts, increased...
Persistent link: https://www.econbiz.de/10013540728
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Forced off farm? : labor allocation response to land requisition in rural China
Shuang Ma; Mu, Ren - 2017
Land requisition has been an important process by which Chinese local governments promote urbanization and generate revenue. This study investigates the impacts of land requisition on farmers' decisions of labor allocation between agricultural and non-agricultural sectors. We argue that,...
Persistent link: https://www.econbiz.de/10011631523
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Monetary policy transmission to consumer financial stress and durable consumption
Georgarakos, Dimitris; Tatsiramos, Konstantinos - 2019
We examine the effects of monetary policy on household self-assessed financial stress and durable consumption using panel data from eighteen annual waves of the British Household Panel Survey. For identification, we exploit random variation in household exposure to interest rates generated by...
Persistent link: https://www.econbiz.de/10012019231