We study the link between homeownership and entrepreneurship using a model of occupational choice and housing tenure … where homeowners commit a fixed budget to mortgage payments. Our model predicts that: (i) mortgage commitments, by … amplifying risk aversion, diminish the likelihood that homeowners start a business; (ii) the negative link between homeownership …

amount of home equity that is expected to be released over a 10-year period through regular monthly mortgage payments. We …

We investigate the socio-economic determinants of mortgage delinquency in 12 EU countries and observe that income … volatility significantly increases the mortgage delinquency risk. This pattern even holds for borrowers with higher …-income profiles if volatility in income is high enough. From this result we can draw the following conclusions: i) mortgage protection …

. We contribute to the literature in distinguishing homeowners with mortgage payments and outright homeowners. We … homeowner, a homeowner with mortgage payments or a tenant by a mixed multinomial logit model. To be able to correctly identify … results show that homeowners with a mortgage exit unemployment first. Outright owners stay unemployed the longest. Tenants …

correlation between child and parent homeownership. We propose a new causal mechanism behind this relationship based on parents …, using an event study approach, we find that the increase in child homeownership occurs almost entirely in the year when …

economic crisis. Spain is also a country which is characterised by a very high percentage of homeownership, with more than 83 …% of households being owner-occupiers. Both regional levels of unemployment and homeownership are known to be important … (2001 and 2011) to study the effect of homeownership and regional unemployment levels on both short and long distance …

In this paper we investigate Oswald's hypothesis according to which higher homeownership rates increase aggregate … following an (exogenous) increase in homeownership rates. We show that (1) Oswald's hypothesis does not always hold as it … depends crucially on the importance of mobility costs; (2) while higher homeownership may harm macroeconomic labour market …