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Housing and its role in the household portfolio in Colombia
Serrano, Camilo; Hoesli, Martin - 2009
We examine the optimal allocation of assets in the portfolio of a Colombian homeowner conditional on various levels of the house value to net wealth ratio. The high rate of home ownership and low rates of investment in financial assets indicate that households allocate most of their wealth to...
Persistent link: https://www.econbiz.de/10003968758
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Mortgage interest deductions and homeownership : an international survey
Bourassa, Steven C.; Haurin, Donald R.; Hendershott, … - 2012
homeownership rates. The probability of becoming a homeowner is a function of the relative cost of owning and renting, borrowing … supply is inelastic. homeownership ; tax policy ; prices …
Persistent link: https://www.econbiz.de/10009558474
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Portfolio choice with loss aversion, asymmetric risk-taking behavior and segregation of riskless opportunities
Vlcek, Martin (contributor) - 2006
In this paper we present a two period model, where the agent's preferences are described by prospect theory as proposed by Kahneman and Tversky. We solve for the agent's portfolio decision. Our findings are that the changes in portfolio weights depend crucially on the reference point and the...
Persistent link: https://www.econbiz.de/10003394349
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Financial returns to household inventory management
Baker, Scott; Johnson, Stephanie; Küng, Lorenz - 2020
Households tend to hold substantial amounts of non-financial assets in the form of inventory. Households can obtain significant financial returns from strategic shopping and optimally managing these inventories of consumer goods. In addition, they choose to maintain liquid savings - household...
Persistent link: https://www.econbiz.de/10012421080
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Financial returns to household inventory management
Baker, Scott; Johnson, Stephanie; Küng, Lorenz - 2020
Households tend to hold substantial amounts of non-financial assets in the form of inventory. Households can obtain significant financial returns from strategic shopping and optimally managing these inventories of consumer goods. In addition, they choose to maintain liquid savings – household...
Persistent link: https://www.econbiz.de/10012271205
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FinTechs and the market for financial analysis
Grennan, Jillian; Michaely, Roni - 2019
Hundreds of equity market intelligence FinTechs have formed in the last decade. We assemble novel data to describe their capabilities, users, and consequences. Our data suggest that these FinTechs: (i) aggregate many data sources, including nontraditional ones (e.g., Twitter, blogs), and...
Persistent link: https://www.econbiz.de/10012003060
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Consumer protection and the design of the default option of a pan-European pension product
Berardi, Andrea; Tebaldi, Claudio; Trojani, Fabio - 2018 - This version: Milano, February 1st, 2018
We address potential strengths and weaknesses of alternative protection schemes, which can be adopted as a ‘default option' in a private, third pillar, pension product. In light of the observed behavior of savers adopting the ‘default option' at international level, we perform a comparative...
Persistent link: https://www.econbiz.de/10012003239
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What affects children's outcomes : house characteristics or homeownership?
Bourassa, Steven C.; Haurin, Donald R.; Hoesli, Martin - 2015
other housing characteristics affects children's outcomes. In particular, homeownership is not statistically significant in …
Persistent link: https://www.econbiz.de/10011412412
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Land leverage and house prices
Bourassa, Steven C.; Hoesli, Martin; Scognamiglio, Donato; … - 2010
A house is a bundle of land and improvements, with the weights of the two components varying both over time and across locations. We capture the land intensity or 'leverage' of a property by measuring the ratio of land to total value. This is accomplished using transactions data for single...
Persistent link: https://www.econbiz.de/10008797756
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Determinants of the homeownership rate : a survey of recent contributions
Bourassa, Steven C.; Haurin, Donald R.; Hendershott, … - 2011
This study reviews the literature on the determinants of a country's homeownership rate including factors such as … methodologies. We emphasize that homeownership cannot be considered in a static framework. Rather, factors such as house price … different locations. We conclude with a review of three such analyses of the variations in homeownership rates across developed …
Persistent link: https://www.econbiz.de/10009375146