Showing 1 - 10 of 1,117
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 …
Persistent link: https://www.econbiz.de/10012481324
Using proprietary loan-level data, we examine the ability of the government to impact mortgage refinancing activity and … mortgage market …
Persistent link: https://www.econbiz.de/10012457156
We have described the relationship between family attributes and moving, and between moving and change in housing wealth. Moving is often associated with retirement and with precipitating shocks like the death of a spouse or by other changes in marital status. Median housing wealth increases as...
Persistent link: https://www.econbiz.de/10012476744
We examine the link between increases in housing wealth, financial wealth, and consumer spending. We rely upon a panel of 14 countries observed annually for various periods during the past 25 years and a panel of U.S. states observed quarterly during the 1980s and 1990s. We impute the aggregate...
Persistent link: https://www.econbiz.de/10012470110
This paper analyzes the importance of household perceptions of house price risk in explaining homeownership choice …
Persistent link: https://www.econbiz.de/10012480741
Tests of weak-form efficiency of the market for single family homes are performed using data on repeat sales prices of 39,210 individual homes, each for two sales dates. Tests were done for Atlanta, Chicago, Dallas, and San Francisco/Oakland for 1970-86. While evidence for seasonality in real...
Persistent link: https://www.econbiz.de/10012476560
price expectations, which reached abnormally high levels relative to mortgage rates at the peak of the boom and have …
Persistent link: https://www.econbiz.de/10012460259
human wealth. A decline in house prices reduces the scope for mortgage equity withdrawal. For given sequences of future …
Persistent link: https://www.econbiz.de/10012464443
We provide new, time-varying estimates of the housing wealth effect back to the 1980s. We exploit systematic differences in city-level exposure to regional house price cycles to instrument for house prices. Our main findings are that: 1) Large housing wealth effects are not new: we estimate...
Persistent link: https://www.econbiz.de/10012452991
Housing is a major component of wealth. Since house prices fluctuate considerably over time, it is important to understand how these fluctuations affect households' consumption decisions. Rising house prices may stimulate consumption by increasing households' perceived wealth, or by relaxing...
Persistent link: https://www.econbiz.de/10012467144