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Wealth mobility and dynamics over entire individual working life cycles

Hochguertel, Stefan; Ohlsson, Henry - 2011

We study taxable wealth in unique Swedish administrative data, annually following a large sample of households over a period of almost 40 years. The main data limitation is non-observability of wealth for those below the tax exemption level. This implies that much of the focus of the paper is on...

Persistent link: https://www.econbiz.de/10009640634

Who lost the most?

Bucher-Koenen, Tabea; Ziegelmeyer, Michael - 2011

We study how and to what extent private households are affected by the recent financial crisis and how their financial decisions are in uenced by this shock. Our analysis reveals that individuals with low levels of financial literacy are less likely to have invested in the stock market and thus...

Persistent link: https://www.econbiz.de/10009640632

Forecasting and assessing Euro area house prices through the lens of key fundamentals

Gattini, Luca; Hiebert, Paul - 2010

central to the determination of euro area house prices in equilibrium and their dynamics: housing investment, real disposable … examining out-of-sample one- and two- step ahead forecasts. Moreover, the model suggests that euro area housing was overvalued … in recent years, implying a period of stagnation to bring housing valuation back in line with its modelled fundamentals …

Persistent link: https://www.econbiz.de/10009640291

Relative house price dynamics across euro area and US cities

Hiebert, Paul; Roma, Moreno - 2010

This paper examines the time varying dispersion in city house price levels across the four biggest euro area countries compared with those in the United States. Using available city-level data over the period 1987-2008, it tests for price convergence and analyses key factors explaining price...

Persistent link: https://www.econbiz.de/10009640334

Who invests in home equity to exempt wealth from bankruptcy?

Corradin, Stefano; Gropp, Reint; Huizinga, Harry; … - 2011

Homestead exemptions to personal bankruptcy allow households to retain their home equity up to a limit determined at the state level. Households that may experience bankruptcy thus have an incentive to bias their portfolios towards home equity. Using US household data from the Survey of Income...

Persistent link: https://www.econbiz.de/10009640776

Mortgage indebtedness and household financial distress

Georgarakos, Dimitris; Lojschova, Adriana; … - 2010

-adjusted income levels, various socioeconomic characteristics, housing traits, country-specific constant terms, and household …

Persistent link: https://www.econbiz.de/10009640403

Behavioural characteristics and financial distress

McCarthy, Yvonne - 2011

Using a new nationally representative survey of financial capability and experience in the UK and Ireland, I investigate the key factors that cause individuals to experience financial distress. In this context, a key area that I focus on is whether individuals’ behavioural traits, such as...

Persistent link: https://www.econbiz.de/10009640636

Subprime consumer credit demand

Alan, Sule; Dumitrescu, Ruxandra; Loranth, Gyongyi - 2011

We test the interest rate sensitivity of subprime credit card borrowers using a unique panel data set from a UK credit card company. What is novel about our contribution is that we were given details of a randomized interest rate experiment conducted by the lender between October 2006 and...

Persistent link: https://www.econbiz.de/10009640638

Tax co-ordination in Europe: assessing the first years of the EU-Savings Taxation Directive

Hemmelgarn, Thomas - 2009

Persistent link: https://www.econbiz.de/10009639915

The response of labour taxation to changes in government debt

Holm-Hadulla, Fédéric; Leiner-Killinger, Nadine; … - 2011

This paper investigates the relationship between government debt and labour taxation for a panel of 18 EU countries over the period 1979-2008. The econometric estimates point to a statistically significant and economically relevant positive response of labour taxation to changes in the general...

Persistent link: https://www.econbiz.de/10009640641