We estimate the effect of housing price changes on fertility and early-life child health in Denmark. Using rich … generous government programs in Denmark. We also present the first estimates of the effect of home prices on infant health. Our … families and with both children and child health being normal goods that are similarly-valued in the US and Denmark …

Using loan-level mortgage data merged with consumer credit records, we examine the ability of the government to impact … mortgage refinancing activity and spur consumption by focusing on the Home Affordable Refinance Program (HARP). The policy … interventions, pass-through of monetary policy through household balance-sheets and design of the mortgage market …

price expectations, which reached abnormally high levels relative to mortgage rates at the peak of the boom and have …

This paper analyzes the importance of household perceptions of house price risk in explaining homeownership choice …

human wealth. A decline in house prices reduces the scope for mortgage equity withdrawal. For given sequences of future …

, particularly in high homeownership locations, because greater housing wealth reduces homeowners' demand elasticity, and firms raise …