The expenditure-to-income ratio is a widely used measure of housing affordability as it is easy to calculate and to interpret. Yet it suffers from several flaws that may diminish its usefulness. This paper addresses the main points of critique and improves the accuracy of the ratio measure by...

Housing affordability problems are expected to increase for Austrian households because housing costs have been rising dynamically over the last years. Households who moved more recently are expected to be affected the most. Previous research has identified younger households as also being prone...

DSGE (Dynamic stochastic general equilibrium) models are the common workhorse of modern macroeconomic theory. Whereas story-telling and policy analysis were in the forefront of applications since its inception, the forecasting perspective of DSGE models is only recently topical. In this study,...

Understanding the relation between different types of long-term care and the determinants of individual choice of long-term care types is fundamental for efficient policy making in times of ageing societies. However, empirical research on this issue has revealed both national and methodological...