Real house prices and household debt have risen in Australia amid growing concern of risks to the economy from a market correction. An intertemporal model of the housing market with household retirement and debt explains three observations relating to the post-GFC housing boom. First, people are...

"This paper presents an intertemporal model of household choice where endogenous increases" in house prices play an important role in the effect of rising female relative wages on fertility. Households save for a deposit in young age, rear children and repay mortgages in middle age and sell...

Young households in Hong Kong face particularly steep increases in house prices and low fertility despite low gender wage gaps. The model of fertility and housing in this paper explains why fertility decline need not reverse as female wages rise relative to male wages where housing land is...