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Why has home ownership fallen among the young?

Fisher, Jonas D. M.; Gervais, Martin - 2010

We document that home ownership of households with 'heads' aged 25-44 years fell substantially between 1980 and 2000 and recovered only partially during the 2001-2005 housing boom. The 1980-2000 decline in young home ownership occurred as improvements in mortgage opportunities seemingly made it...

Persistent link: https://www.econbiz.de/10010292126

Trade policy, income risk, and welfare

Krebs, Tom; Krishna, Pravin; Maloney, William - 2004

This paper studies empirically the relationship between trade policy and individual income risk faced by workers. The … analysis proceeds in three steps. First, longitudinal data on workers are used to estimate time-varying individual income risk … parameters in various manufacturing sectors. The estimated income risk parameters and data on trade barriers are then used to …

Persistent link: https://www.econbiz.de/10010318854

Debt portfolios

Hintermaier, Thomas; Koeniger, Winfried - 2009

We provide a model with endogenous portfolios of secured and unsecured household debt. Secured debt is collateralized by durables whereas unsecured debt can be discharged in bankruptcy procedures. We show that the model matches the main quantitative characteristics of observed wealth and debt...

Persistent link: https://www.econbiz.de/10010280743