In this paper we examine whether changes in home values drive mortgage-based equity extraction. To do this we use … information about mortgage borrowing as well as savings in various financial instruments. We find that the marginal propensity to … increase mortgage debt is 2-5 percent of unanticipated home value gains. We find no adjustment to other components of the …

We examine whether unanticipated changes in home values drive spending and mortgage-based equity extraction. To do this … information about mortgage borrowing as well as savings in various financial instruments. We find that the marginal propensity to … increase mortgage debt is 3-5% of unanticipated home value gains. We find no adjustment to other components of the portfolio …

We estimate the effect of housing price changes on fertility and early-life child health in Denmark. Using rich … generous government programs in Denmark. We also present the first estimates of the effect of home prices on infant health … families and with both children and child health being normal goods that are similarly-valued in the US and Denmark …

We estimate the effect of housing price changes on fertility and early-life child health in Denmark. Using rich … generous government programs in Denmark. We also present the first estimates of the effect of home prices on infant health. Our … families and with both children and child health being normal goods that are similarly-valued in the US and Denmark …

We estimate the effect of housing price changes on fertility and early-life child health in Denmark. Using rich … generous government programs in Denmark. We also present the first estimates of the effect of home prices on infant health. Our … families and with both children and child health being normal goods that are similarly-valued in the US and Denmark. …

We estimate the effect of housing price changes on fertility and early-life child health in Denmark. Using rich … generous government programs in Denmark. We also present the first estimates of the effect of home prices on infant health. Our … families and with both children and child health being normal goods that are similarly-valued in the US and Denmark …