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The housing stock, housing prices, and user costs: The roles of location, structure and unobserved quality

Halket, Jonathan; Nesheim, Lars; Oswald, Florian - 2020

Which housing characteristics are important for understanding homeownership rates? How are housing characteristics … theories of homeownership? Using the English Housing Survey, we estimate a selection model of the allocation of properties to … correlations between rent-to-price ratios and homeownership rates. These patterns are consistent with, among others, hypotheses of …

Persistent link: https://www.econbiz.de/10012621082

On the Negative Relationship between Labor Income Uncertainty and Homeownership : Risk Aversion vs. Credit Constraints

Diaz-Serrano, Luis - 2004

Barriers to homeownership have traditionally been an important research and policy issue. In particular, the role of … income uncertainty and credit constraints exert a significant negative effect on the probability of homeownership. Our main …

Persistent link: https://www.econbiz.de/10010261962

Income Volatility and Residential Mortgage Delinquency : Evidence from 12 EU Countries

Diaz-Serrano, Luis - 2004

We investigate the socio-economic determinants of mortgage delinquency in 12 EU countries and observe that income volatility significantly increases the mortgage delinquency risk. This pattern even holds for borrowers with higher-income profiles if volatility in income is high enough. From this...

Persistent link: https://www.econbiz.de/10010262138

Late starters or excluded generations? A cohort analysis of catch up in homeownership in England

Bottazzi, Renata; Crossley, Thomas F.; Wakefield, Matthew - 2012

We investigate whether initial differences in speed of entry into homeownership lead to longlasting differences in …

Persistent link: https://www.econbiz.de/10010500216

Heterogeneity in money holdings across euro area countries: The role of housing

Setzer, Ralph; van den Noord, Paul; Wolff, Guntram B. - 2010

In this paper we examine why monetary aggregates of euro area Member States have developed differently since the inception of the euro. We derive a money demand equation that incorporates housing wealth and collateral as well as substitution effects on real money holdings. Empirically, we show...

Persistent link: https://www.econbiz.de/10010300298

House Prices, Second Mortgages and Household Savings; An Empirical Investigation for the Netherlands, 1987-1994

Rouwendal, Jan; Alessie, Rob - 2002

Since the beginnings of the eighties house prices in the Netherlands haveincreased steadily and considerably. In this paper we study the effect of this developmenton the demand for second mortgages and on the savings of Dutch households. We use the dataof the Dutch socio-economic panel for the...

Persistent link: https://www.econbiz.de/10010325002

Fiscal discipline and the cost of public dept service: some estiames for OECD countries

Ardagna, Silvia; Caselli, Francesco; Lane, Timothy - 2004

We use a panel of 16 OECD countries over several decades to investigate the effects of government debts and deficits on long-term interest rates. In simple static specifications, a one-percentage-point increase in the primary deficit relative to GDP increases contemporaneous long-term interest...

Persistent link: https://www.econbiz.de/10011604457

Population Prospects and the Determination of a Debt-Sharing Rule between Seceding Regions

Cattoir, Philippe; Docquier, Frédéric - 2004

This paper investigates one of the most important financial issues arising from a secession or a country partitioning namely the sharing of the national public debt. Extending Dr?ze's distributive neutrality condition, we use the generational accounting technique and propose a dynamic...

Persistent link: https://www.econbiz.de/10010261790

Empirical Studies on Public Debt and Fiscal Transfers

Reischmann, Markus Josef - 2016

This volume includes five self-contained chapters in the fields of public debt and fiscal transfer schemes. After an introduction to the topic, chapter 2 shows that the institutional setting of fiscal policy making needs to be considered when assessing the sustainability of fiscal policy. Using...

Persistent link: https://www.econbiz.de/10011698353

Testing sustainability of German fiscal policy : evidence for the period 1960 - 2003

Greiner, Alfred; Koeller, Uwe; Semmler, Willi - 2005

In this paper we test whether German public debt has been sustainable by resorting to a test proposed by Bohn (1998). We apply non-parametric and semi-parametric regressions with time depending coefficients. This test shows that the mean of the coefficient relevant for sustainability has been...

Persistent link: https://www.econbiz.de/10010261129

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