profile to implicitly borrow from their workers. We find that firms located in less financially developed markets offer wages …

profile to implicitly borrow from their workers. We find that firms located in less financially developed markets offer wages …

different degree of development of their respective mortgage markets. In Italy, alternative ways of financing, such as family … rates and the homeownership-income inequality among young households in Finland, Germany, Italy, the UK and the US, and … relate it to cross-country differences in mortgage market maturity. We find that aside from Italy, homeownership rates and …