Germany, Italy, the UK, Denmark, the US, and Taiwan. We divide household including elderly into five types: living alone …

different degree of development of their respective mortgage markets. In Italy, alternative ways of financing, such as family … household income. Finland and the US are in-between. Counterfactual predictions suggest that although household characteristics …

We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel …