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Mortgage Market Maturity and Homeownership Inequality among Young Households: A Five-Country Perspective
Bicakova, Alena; Sierminska, Eva M. - 2008
This paper uses the newly constructed Luxembourg Wealth Study data to document cross-country variation in homeownership … rates and the homeownership-income inequality among young households in Finland, Germany, Italy, the UK and the US, and … relate it to cross-country differences in mortgage market maturity. We find that aside from Italy, homeownership rates and …
Persistent link: https://www.econbiz.de/10011600736
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Mortgage finance in Central and Eastern Europe: opportunity or burden?
Beck, Thorsten; Kibuuka, Katie; Tiongson, Erwin - 2010
Household credit, especially for mortgages, has doubled over the past years in the new European Union member countries, raising concerns about the economic and social consequences of household indebtedness in the event of a macroeconomic crisis. Using household survey data for 2005, 2006, and...
Persistent link: https://www.econbiz.de/10010269610
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Do households benefit from financial deregulation and innovation? The case of the mortgage market
Gerardi, Kristopher; Rosen, Harvey S.; Willen, Paul - 2006
The U.S. mortgage market has experienced phenomenal change over the last 35 years. Most observers believe that the deregulation of the banking industry and financial markets generally has played an important part in this transformation. One issue that has received particular attention is the...
Persistent link: https://www.econbiz.de/10010282749
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Imputed Rent and Income Inequality: A Decomposition Analysis for Great Britain, West Germany and the U.S.
Frick, Joachim R.; Grabka, Markus M. - In: Review of Income and Wealth 49 (2003) 4, pp. 513-537
This article deals with income advantages derived from owner-occupied housing and their impact on the personal income distribution. Using micro-data from the British Household Panel Study (BHPS), the German Socio-Economic Panel (SOEP), and the U.S. Panel Study of Income Dynamics (PSID) we find...
Persistent link: https://www.econbiz.de/10010310652
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Cross-sectional patterns of mortgage debt during the housing boom: Evidence and implications
Foote, Christopher L.; Loewenstein, Lara; Willen, Paul S. - 2016
The reallocation of mortgage debt to low-income or marginally qualified borrowers plays a central role in many explanations of the early 2000s housing boom. We show that such a reallocation never occurred, as the distribution of mortgage debt with respect to income changed little even as the...
Persistent link: https://www.econbiz.de/10011754809
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Borrowing constraints, own labour and homeownership: Does it pay to paint your walls?
Lindner, Peter; Mathä, Thomas; Pulina, Giuseppe; … - 2020
Using a dedicated set of questions in the 2014 Luxembourg Household Finance and Consumption Survey (LU-HFCS), we show that a substantial share of households contributes their own labour to the acquisition of their main residence. These contributions help households faced with credit constraints,...
Persistent link: https://www.econbiz.de/10012422136
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Financing Constraints, Home Equity and Selection into Entrepreneurship
Jensen, Thais Laerkholm; Leth-Petersen, Søren; Nanda, … - 2021
We exploit a mortgage reform that differentially unlocked home equity across the Danish population and study how this impacted selection into entrepreneurship. We find that increased entry was concentrated among entrepreneurs whose firms were founded in industries where they had no prior work...
Persistent link: https://www.econbiz.de/10013202284
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House Price Expectations and Housing Choice
Mankart, Jochen; Ludwig, Alexander; Wiederholt, Mirko; … - 2019
What is the role of heterogenous house-price expectations for boom-bust cycles in the housing market? We exploit a unique Dutch panel data set on households' house price expectations and their consumption, savings and housing choices for the period 2003-2016. This period was characterized by a...
Persistent link: https://www.econbiz.de/10012099078
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The impact of mortgage interest tax relief in the Netherlands, Sweden, Finland, Italy and Greece
Matsaganis, Manos; Flevotomou, Maria - 2007
Fiscal welfare, i.e. the use of the tax system to achieve social policy goals, is assuming ever greater importance throughout Europe and beyond. In housing, the favourable tax treatment of mortgage interest repayments has often coexisted alongside public programmes of housing benefit or social...
Persistent link: https://www.econbiz.de/10010291231
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Rushing into American dream? House prices, timing of homeownership, and adjustment of consumer credit
Agarwal, Sumit; Hu, Luojia; Huang, Xing - 2013
homeownership as a function of credit constraints and expectations of future house price. Our panel data allows us to track …
Persistent link: https://www.econbiz.de/10010352190