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Who Invests in Home Equity to Exempt Wealth from Bankruptcy?
Corradin, Stefano - 2011
bankruptcy on account of unpaid medical bills. The bias is further stronger for households with mortgage finance, shorter house …
Persistent link: https://www.econbiz.de/10013126001
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Housing, Consumption and Monetary Policy : How Different are the US and the Euro Area?
Musso, Alberto - 2012
real house price, residential investment and mortgage debt on the two sides of the Atlantic. Then, it presents evidence …
Persistent link: https://www.econbiz.de/10013116395
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House Prices, Home Equity and Entrepreneurships
Corradin, Stefano - 2013
How does home ownership affect new business creation? We develop a model of career choice in the presence of liquidity constraints in which shocks to the value of real estate affect the propensity of potential entrepreneurs to borrow against the value of their property. Using a large US...
Persistent link: https://www.econbiz.de/10013082537
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Culture and Portfolios : Trust, Precautionary Savings and Home Ownership
Fleck, Johannes - 2020
This paper shows that individual beliefs on the effectiveness of formal and informal sources of risk sharing determine financial precautionary behavior. We present empirical evidence demonstrating that higher trust in public insurance systems reduces net liquid wealth while higher trust in...
Persistent link: https://www.econbiz.de/10012825354
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Homeownership and Portfolio Choice Over the Generations
Paz-Pardo, Gonzalo - 2021
reduction in homeownership across generations. Lower-income households find it harder to buy housing, and as a result accumulate …
Persistent link: https://www.econbiz.de/10013243806
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Relative House Price Dynamics Across Euro Area and US Cities : Convergence or Divergence?
Hiebert, Paul - 2010
This paper examines the time varying dispersion in city house price levels across the four biggest euro area countries compared with those in the United States. Using available city-level data over the period 1987-2008, it tests for price convergence and analyses key factors explaining price...
Persistent link: https://www.econbiz.de/10013142991
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Financing Constraints, Employment, and Labor Compensation : Evidence from the Subprime Mortgage Crisis
Popov, Alexander A. - 2015
to German savings banks during the US mortgage crisis that are unrelated to local conditions. We find that firms with …
Persistent link: https://www.econbiz.de/10013019626
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Mortgage borrowing limits and house prices: Evidence from a policy change in Ireland
Higgins, Brian E. - 2024
This paper studies how mortgage borrowers and house prices react to a tightening of mortgage limits following a policy … leverage (LTV) of the mortgage. Using a difference-in-difference methodology, I find that groups of (poorer) borrowers, who …-to-value threshold, responded primarily by reducing the LTV of the mortgage. Borrowers who purchase cheaper houses could be buying …
Persistent link: https://www.econbiz.de/10014543656
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House prices and ultra-low interest rates: Exploring the non-linear nexus
Dieckelmann, Daniel; Hempell, Hannah S.; Jarmulska, Barbara - 2023
The acceleration of house price growth amidst falling interest rates to record-low levels across euro area countries between 2015 and 2021 has sparked renewed interest in the link between the two variables. Asset-pricing theory suggests that real house prices respond to changes in real interest...
Persistent link: https://www.econbiz.de/10014374477
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House Prices and Ultra-Low Interest Rates : Exploring the Non-Linear Nexus
Dieckelmann, Daniel; Hempell, Hannah Sabine; Jarmulska, … - 2023
The acceleration of house price growth amidst falling interest rates to record-low levels across euro area countries between 2015 and 2021 has sparked renewed interest in the link between the two variables. Asset-pricing theory suggests that real house prices respond to changes in real interest...
Persistent link: https://www.econbiz.de/10014257208