and recovered only partially during the 2001-2005 housing boom. The 1980-2000 decline in young home ownership occurred as …

high saving rate to fast-rising housing prices in China. However, cross-sectional data do not show a significant … relationship between housing prices and household saving rates. This article uses a simple consumption-saving model to explain why … rising housing prices per se cannot explain China's high household saving rate. Although borrowing constraints and …

This paper models individual demand for housing over the life-cycle, and shows the implications of this behaviour for …, positive house price shocks lead to consumption booms among the old and a fall in aggregate demand for housing, whereas … positive income shocks lead to consumption booms among the young and a rise in aggregate demand for housing. (Copyright …

housing arrangements in Canada. Synthetic cohort (quasi-panel) methods are employed to disentangle age profiles from cohort …

In this paper, we study a household’s optimal life-cycle housing choices by calibrating a model with uninsurable … choose to convert illiquid home equity to liquid asset to finance non-housing consumption in the absence of lower borrowing … the importance of labor income and house price risks in housing decisions. In comparison to the benchmark case, a higher …

This paper constructs a quantitative lifecycle model with uninsurable labor income and aggregate housing return risk to … assess how Korean households make saving and portfolio allocation decisions. The model incorporates the special roles housing … housing value. The model adds to existing models of wealth accumulation some unique institutional features present in Korea …

In this paper I analyze the effects of innovations in information technology on the mortgage and housing markets using … explicitly model the housing tenure choices of households. Lenders offer individual-specific mortgage contracts to home buyers …

for the USA ; • Empirical results indicate that even if households planned to draw down half of housing equity to support …Housing is an important sector of the economy. It has widespread implications for investment, banking, saving and … employment. Home ownership has been linked to building social capital and a sense of community. Furthermore housing equity is a …