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Debt portfolios
Hintermaier, Thomas; Koeniger, Winfried - 2011
the U.S. We then establish the quantitative result that home equity does not serve as informal collateral for unsecured …
Persistent link: https://www.econbiz.de/10010278362
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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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Personal bankruptcy law, wealth and entrepreneurship: Theory and evidence from the introduction of a fresh start
Fossen, Frank M. - 2011
tend not to face higher interest rates because they provide collateral. This paper illustrates these effects in a model and …
Persistent link: https://www.econbiz.de/10010274553
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Credit constraints and productive entrepreneurship in Africa
Baliamoune-Lutz, Mina; Brixiova, Zuzana; Ndikumana, Leonce - 2011
that can be used as collateral. This paper presents a model where firm creation and growth hinge on matching potential … entrepreneurs with productive technologies, while firm growth depends on acquired capital. The shortage of collateral creates a ….g., the depth of credit information and the strength of legal rights pertaining to collateral and bankruptcy) would stimulate …
Persistent link: https://www.econbiz.de/10010282171
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Debt Portfolios
Hintermaier, Thomas; Koeniger, Winfried - Institute for the Study of Labor (IZA) - 2011
the U.S. We then establish the quantitative result that home equity does not serve as informal collateral for unsecured …
Persistent link: https://www.econbiz.de/10009003472
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The global economic crisis: Long-term unemployment in the OECD
Junankar, P. N. Raja - 2011
This paper analyses the impact of the global economic crisis on unemployment and long term unemployment in the OECD. It uses simple econometric models using panel data (quarterly) and time series data. In general, we find that long term unemployment increases with the unemployment rate, there is...
Persistent link: https://www.econbiz.de/10010282504
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Macroeconomic Determinants of Retirement Timing
Gorodnichenko, Yuriy; Song, Jae; Stolyarov, Dmitriy - 2013
We analyze lifetime earnings histories of white males during 1960-2010 and categorize the labor force status of every worker as either working full-time, partially retired or fully retired. We find that the fraction of partially retired workers has risen dramatically (from virtually 0 to 15...
Persistent link: https://www.econbiz.de/10010329012
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Immigration and housing rents in American cities
Saiz, Albert - 2006
Is there a local economic impact of immigration? Immigration pushes up rents and housing values in US destination cities. The positive association of rent growth and immigrant inflows is pervasive in time series for all metropolitan areas. I use instrumental variables based on a shift-share of...
Persistent link: https://www.econbiz.de/10010267724
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House prices and employment reallocation: international evidence
Bover, Olympia; Jimeno, Juan F. - 2007
Over the last decade house prices increased remarkably in many countries. However, while in several countries there was an employment boom in the construction sector, in others the share of employment in this sector did not significantly change. In this paper we estimate a model of labor demand...
Persistent link: https://www.econbiz.de/10010268127
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Social interactions and labor market outcomes in cities
Zenou, Yves - 2008
We develop a model where information about jobs is essentially obtained through friends and relatives, i.e. strong and weak ties. Workers commute to a business center to work and to interact with other people. We find that housing prices increase with the level of social interactions in the city...
Persistent link: https://www.econbiz.de/10010268582