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Household debt and aging in Japan
Horioka, Charles; Niimi, Yoko - 2019
In this paper, we analyze the borrowing behavior of Japanese households in comparison to the other Group of Seven (G7) countries and also broken down by the age group of the household head. We find that pre-retirement households (households with a head in the 50-59 age group) in Japan do not...
Persistent link: https://www.econbiz.de/10012121910
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Pensions, income taxes and homeownership : a cross-country analysis
Fehr, Hans; Hofmann, Maurice; Kudrna, George - 2021
This paper studies the role of pensions and income taxes in determining homeownership and household wealth. It provides … have similar incomes per capita but very different homeownership rates, with the US and Australia having much higher … homeownership compared to Germany. The question is to what extent the observed differences in homeownership are induced by national …
Persistent link: https://www.econbiz.de/10012602340
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No pension and no house? The effect of LTV limits on the housing wealth accumulation of self-employed
Mastrogiacomo, Mauro; Biesenbeek, Cindy - 2022
Investing in housing could be an attractive alternative to privately saving for a pension, definitely so for those who are not obliged to save for an occupational pension, the self-employed for instance. But access to the housing market requires a down payment. Macroprudential measures, such as...
Persistent link: https://www.econbiz.de/10013406338
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Unlocking Housing Wealth for Older Americans : Strategies to Improve Reverse Mortgages
Moulton, Stephanie; Haurin, Donald R. - 2021
Housing wealth is a largely untapped resource that can help older adults supplement their incomes and buffer financial shocks in retirement. The federally insured reverse mortgage offers adults age 62 and older access to home equity with no required monthly payment, and protection for homeowners...
Persistent link: https://www.econbiz.de/10013239670
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Pensions, Income Taxes and Homeownership : A Cross-Country Analysis
Fehr, Hans; Hofmann, Maurice; Kudrna, George - 2021
This paper studies the role of pensions and income taxes in determining homeownership and household wealth. It provides … have similar incomes per capita but very different homeownership rates, with the US and Australia having much higher … homeownership compared to Germany. The question is to what extent the observed differences in homeownership are induced by national …
Persistent link: https://www.econbiz.de/10013216249
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Housing in the Household Portfolio and Implications for Retirement Saving: Some Initial Finding from SOFIE
Scobie, Grant; Le, Trinh; Gibson, John - 2007
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 significant element of retirement accumulation for...
Persistent link: https://www.econbiz.de/10012115603
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Life Cycle Asset Allocation in the Presence of Housing and Tax-Deferred Investing
Schaefer, Alexander - 2015
We study the dynamic consumption-portfolio problem over the life cycle, with respect to tax-deferred investing for investors who acquire housing services by either renting or owning a home. The joint existence of these two investment vehicles creates potential for tax arbitrage. Specifically,...
Persistent link: https://www.econbiz.de/10013032031
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Housing wealth, labor supply, and retirement behavior : evidence from Korea
Chung, Jongwoo - 2022
Using a longitudinal data set from South Korea, we estimate the impact of housing wealth on labor supply and the retirement behavior of elderly workers. Estimation results from our model suggest that house wealth variations significantly influence the labor supply of older workers. The housing...
Persistent link: https://www.econbiz.de/10013197917
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Subjective life expectancy and private pensions : conference paper
Bucher-Koenen, Tabea; Kluth, Sebastian - 2013
One important parameter in the decision process when buying a private annuity is individuals' subjective life expectancy, because it directly infuences the expected rate of return. We examine the market for private annuities in Germany and evaluate potential selection effects based on subjective...
Persistent link: https://www.econbiz.de/10010340956
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Saving and consumption when children move out : conference paper
Rottke, Simon; Klos, Alexander - 2013
Based on the German Socio-economic Panel (SOEP), we show that household consumption drops and saving rises significantly within four years after a child moves out of a household. Per capita consumption of parents is approximately leveled up to that of childless peers after all children are gone....
Persistent link: https://www.econbiz.de/10010341617