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House Price Volatility and the Housing Ladder
Banks, James W. - 2015
This paper investigates the effects of housing price risk on housing choices over the life-cycle. Housing price risk can be substantial but, unlike other risky assets which people can avoid, the fact that most people will eventually own their home creates an insurance demand for housing assets...
Persistent link: https://www.econbiz.de/10013038587
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Housing Mobility and Downsizing at Older Ages in Britain and the United States
Banks, James W. - 2010
This paper investigates the effects of housing price risk on housing choices over the life-cycle. Housing price risk can be substantial but, unlike other risky assets which people can avoid, the fact that most people will eventually own their home creates an insurance demand for housing assets...
Persistent link: https://www.econbiz.de/10013138268
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Does Greater Inequality Lead to More Household Borrowing? New Evidence from Household Data
Coibion, Olivier - 2014
-income households increased their demand for credit to finance higher consumption expenditures in order to "keep up" with higherincome …
Persistent link: https://www.econbiz.de/10013059685
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Homeownership and Entrepreneurship : The Role of Commitment and Mortgage Debt
Bracke, Philippe - 2013
We study the link between homeownership and entrepreneurship using a model of occupational choice and housing tenure … amplifying risk aversion, diminish the likelihood that homeowners start a business; (ii) the negative link between homeownership …
Persistent link: https://www.econbiz.de/10013080871
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Home Ownership and Monetary Policy Transmission
Koeniger, Winfried - 2018
.6 percentage points in Switzerland. The response of non-housing consumption in Switzerland is less heterogeneous across renters and …
Persistent link: https://www.econbiz.de/10012906518
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Does the Dream of Home Ownership Rest Upon Biased Beliefs? A Test Based on Predicted and Realized Life Satisfaction
Odermatt, Reto - 2020
The belief that home ownership makes people happy is probably one of the most widespread intuitive theories of happiness. However, whether it is accurate is an open question. Based on individual panel data, we explore whether home buyers systematically overestimate the life satisfaction...
Persistent link: https://www.econbiz.de/10012827351
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Decomposing Changes in Income Risk Using Consumption Data
Blundell, Richard W. - 2011
stochastic simulation of consumption choices in a nonstationarity environment is used to show the robustness of the method for …
Persistent link: https://www.econbiz.de/10013118049
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Marital Matching, Economies of Scale and Intrahousehold Allocations
Cherchye, L. - 2016
We propose a novel structural method to empirically identify economies of scale in household consumption. We assume … collective households with consumption technologies that define the public and private nature of expenditures through Barten … scales. Our method recovers the technology by solely exploiting preference information revealed by households' consumption …
Persistent link: https://www.econbiz.de/10012982107
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Risk and Saving in Two-Person Households : More Scope for Precautionary Saving
Apps, Patricia F. - 2012
The existing literature suggests that when the saving decision of two-earner households under risk is analysed, standard results on the existence of precautionary saving no longer apply: precautionary saving is obtained if and only if very stringent conditions hold. This paper shows that when...
Persistent link: https://www.econbiz.de/10013099761
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Reported Mpc in the Presence of Debt
Sala, Hector; Trivín, Pedro - 2023
person is self-employed. We observe that the past relationship between income and consumption is also an important …
Persistent link: https://www.econbiz.de/10014254512