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On the Negative Relationship between Labor Income Uncertainty and Homeownership : Risk Aversion vs. Credit Constraints

Diaz-Serrano, Luis - 2004

Barriers to homeownership have traditionally been an important research and policy issue. In particular, the role of … income uncertainty and credit constraints exert a significant negative effect on the probability of homeownership. Our main …

Persistent link: https://www.econbiz.de/10010261962

Income Volatility and Residential Mortgage Delinquency : Evidence from 12 EU Countries

Diaz-Serrano, Luis - 2004

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...

Persistent link: https://www.econbiz.de/10010262138

Homeownership, social capital and parental voice in schooling

Grimes, Arthur; Stillman, Steven; Young, Chris - 2011

homeownership experience high parental voting turnout in elections. We also investigate whether homeownership influences the … associations between homeownership and state-ownership rates and outcome variables. Our findings show no discernible effect of … homeownership on parental voting turnout in school elections after controls are added (contrary to the simple positive association …

Persistent link: https://www.econbiz.de/10010286880

Minority and immigrant homeownership experience: Evidence from the 2009 American Housing Survey

Mundra, Kusum - 2013

homeownership experience during the recent housing boom and housing bust was not homogenous across all groups in the U.S. The recent … deterioration of underwriting practices and a boom in mortgage lending did not benefit minorities and immigrant homeownership in the … U.S. Blacks experienced significantly lower increase in homeownership than the whites but highest exit from …

Persistent link: https://www.econbiz.de/10010291348

Accounting for imputed and capital income flows in income inequality analyses

Frick, Joachim R.; Grabka, Markus M. - 2009

Using representative and consistent microdata from the German Socio-Economic Panel Study (SOEP) from 1985-2007, we illustrate that capital income (CI = return on financial investments) and imputed rent (IR = return on investments in owner-occupied housing) have become increasingly important...

Persistent link: https://www.econbiz.de/10010324274

Labour Income Uncertainty, Risk Aversion and Home Ownership

Diaz-Serrano, Luis - 2004

In this paper we investigate the effect of labour income uncertainty on the probability of home ownership in Germany and Spain. This study is motivated by two facts. Firstly, theoretical models provide ambiguous results in this issue. Secondly, there is limited previous empirical evidence and...

Persistent link: https://www.econbiz.de/10010261778

Rooms of One?s Own : Gender, Race and Home Ownership as Wealth Accumulation in the United States

Sedo, Stanley A.; Kossoudji, Sherrie A. - 2004

less consistently predicted to have less equity than whites. We find that race gaps in homeownership, typically attributed …

Persistent link: https://www.econbiz.de/10010262140

Housing, Mobility and Unemployment

Dohmen, Thomas J. - 2000

This paper develops a model that shows why high-skilled workers move more and are therefore unemployed less than low-skilled workers. The model can explain the paradoxical empirical regularity that higher owner-occupation rates are associated with higher levels of unemployment although...

Persistent link: https://www.econbiz.de/10010262416

Home ownership, job duration, and wages

Munch, Jakob Roland; Rosholm, Michael; Svarer, Michael - 2006

We investigate the impact of home ownership on individual job mobility and wages in Denmark. We find that home ownership has a negative impact on job-to-job mobility both in terms of transition into new local jobs and new jobs outside the local labour market. In addition, there is a clear...

Persistent link: https://www.econbiz.de/10010267754

Valuing school quality via a school choice reform

Machin, Stephen; Salvanes, Kjell G. - 2010

Among policymakers, educators and economists there remains a strong, sometimes heated, debate on the extent to which good schools matter. This is seen, for instance, in the strong trend towards establishing accountability systems in education in many countries across the world. In this paper, in...

Persistent link: https://www.econbiz.de/10010269399