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Homeownership and entrepreneurship : the role of commitment and mortgage debt
Bracke, Philippe; Hilber, Christian; Silva, Olmo - 2013
We study the link between homeownership and entrepreneurship using a model of occupational choice and housing tenure … amplifying risk aversion, diminish the likelihood that homeowners start a business; (ii) the negative link between homeownership … and entrepreneurship is increasing in mortgage debt; and (iii) the negative relation is more pronounced for entrepreneurs …
Persistent link: https://www.econbiz.de/10009753007
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Homeownership and entrepreneurship : the role of mortgage debt and commitment
Bracke, Philippe; Hilber, Christian; Silva, Olmo - 2014
We study the link between homeownership, mortgage debt, and entrepreneurship using a model of occupational choice and … homeowners start a business; and (ii) the negative relation between mortgage debt and entrepreneurship is more pronounced when … income volatility is higher. Our model further predicts that the relation between housing wealth and entrepreneurship is …
Persistent link: https://www.econbiz.de/10010425992
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Homeownership and Entrepreneurship: The Role of Mortgage Debt and Commitment
Bracke, Philippe; Hilber, Christian; Silva, Olmo - 2014
We study the link between homeownership, mortgage debt, and entrepreneurship using a model of occupational choice and … homeowners start a business; and (ii) the negative relation between mortgage debt and entrepreneurship is more pronounced when … income volatility is higher. Our model further predicts that the relation between housing wealth and entrepreneurship is …
Persistent link: https://www.econbiz.de/10010435738
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Homeownership and Entrepreneurship: The Role of Commitment and Mortgage Debt
Bracke, Philippe; Hilber, Christian; Silva, Olmo - 2013
We study the link between homeownership and entrepreneurship using a model of occupational choice and housing tenure … amplifying risk aversion, diminish the likelihood that homeowners start a business; (ii) the negative link between homeownership … and entrepreneurship is increasing in mortgage debt; and (iii) the negative relation is more pronounced for entrepreneurs …
Persistent link: https://www.econbiz.de/10010319567
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Homeownership and Entrepreneurship : The Role of Mortgage Debt and Commitment
Bracke, Philippe - 2014
We study the link between homeownership, mortgage debt, and entrepreneurship using a model of occupational choice and … homeowners start a business; and (ii) the negative relation between mortgage debt and entrepreneurship is more pronounced when … income volatility is higher. Our model further predicts that the relation between housing wealth and entrepreneurship is …
Persistent link: https://www.econbiz.de/10013044547
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Homeownership and Entrepreneurship : The Role of Commitment and Mortgage Debt
Bracke, Philippe - 2013
We study the link between homeownership and entrepreneurship using a model of occupational choice and housing tenure … amplifying risk aversion, diminish the likelihood that homeowners start a business; (ii) the negative link between homeownership … and entrepreneurship is increasing in mortgage debt; and (iii) the negative relation is more pronounced for entrepreneurs …
Persistent link: https://www.econbiz.de/10013080871
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When Should Retirees Tap Their Home Equity?
Hambel, Christoph - 2020
This paper studies a household's optimal demand for a reverse mortgage. These contracts allow homeowners to tap their home equity to finance consumption needs. In stylized frameworks, we show that the decision to enter a reverse mortgage is mainly driven by the differential between the aggregate...
Persistent link: https://www.econbiz.de/10012824616
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The Impact of the Financial Crisis on Homeowners' Portfolio Choice
Lyng, Ran Sun - 2018
This paper examines the mediating effect of the recent financial crisis on the relationship between house value fluctuation and households' liquid portfolio choice. To isolate exogenous variation in homeowners' home equity and mortgage debt before and after the crisis, I use a new regional level...
Persistent link: https://www.econbiz.de/10012928195
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When should retirees tap their home equity?
Hambel, Christoph; Kraft, Holger; Meyer-Wehmann, André - 2020 - Current version: August 27, 2020
This paper studies a household's optimal demand for a reverse mortgage. These contracts allow homeowners to tap their home equity to finance consumption needs. In stylized frameworks, we show that the decision to enter a reverse mortgage is mainly driven by the dierential between the aggregate...
Persistent link: https://www.econbiz.de/10012303151
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Mortgage Debt and Entrepreneurship
Bracke, Philippe - 2015
We study the link between mortgage debt and entrepreneurship using a model of occupational choice and housing tenure in … entrepreneurship; and (ii) the negative relation between leverage and entrepreneurship increases with income volatility. Our model also … shows that the link between housing wealth and entrepreneurship is ambiguously signed because of competing portfolio and …
Persistent link: https://www.econbiz.de/10013013728