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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
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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
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Population Prospects and the Determination of a Debt-Sharing Rule between Seceding Regions
Cattoir, Philippe; Docquier, Frédéric - 2004
This paper investigates one of the most important financial issues arising from a secession or a country partitioning namely the sharing of the national public debt. Extending Dr?ze's distributive neutrality condition, we use the generational accounting technique and propose a dynamic...
Persistent link: https://www.econbiz.de/10010261790
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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
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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
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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
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Neighborhood diversity and the appreciation of native- and immigrant-owned homes
Cobb-Clark, Deborah A.; Sinning, Mathias G. - 2009
This paper examines the effect of neighborhood diversity on the nativity gap in home-value appreciation in Australia. Specifically, immigrant homeowners experienced a 41.7 percent increase in median home values between 2001 and 2006, while the median value of housing owned by the native-born...
Persistent link: https://www.econbiz.de/10010271300
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Housing mobility and downsizing at older ages in Britain and the United States
Banks, James; Blundell, Richard; Oldfield, Zoë; Smith, … - 2010
This paper investigates the effects of housing price risk on housing choices over the lifecycle. 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/10010274602
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House price volatility and the housing ladder
Banks, James; Blundell, Richard; Oldfield, Zoë; Smith, … - 2010
This paper investigates the effects of housing price risk on housing choices over the lifecycle. 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/10010274692
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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