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The Effect of Housing on Portfolio Choice
Chetty, Raj - 2015
Economic theory predicts that home ownership should have a negative effect on risk-taking in financial portfolios. However, empirical work has not found a strong relationship between housing and portfolios. We identify two reasons for the divergence between the theory and data. First, it is...
Persistent link: https://www.econbiz.de/10013038822
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Geographic heterogeneity in housing market risk and portfolio choice
Nam, Tong-yob - In: The journal of real estate finance and economics 62 (2021) 4, pp. 508-547
Persistent link: https://www.econbiz.de/10012544436
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The Effect of Housing on Portfolio Choice
Chetty, Raj - 2010
Economic theory predicts that home ownership should have a negative effect on risk-taking in financial portfolios. However, empirical work has not found a strong relationship between housing and portfolios. We identify two reasons for the divergence between the theory and data. First, it is...
Persistent link: https://www.econbiz.de/10012462655
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The Effect of Housing on Portfolio Choice
Chetty, Raj - 2016
We show that characterizing the effects of housing on portfolios requires distinguishing between the effects of home equity and mortgage debt. We isolate exogenous variation in home equity and mortgages by using differences across housing markets in house prices and housing supply elasticities...
Persistent link: https://www.econbiz.de/10012983105
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Reaching for yield and the housing market : evidence from 18th-century Amsterdam
Korevaar, Matthijs - In: Journal of financial economics 148 (2023) 3, pp. 273-296
Persistent link: https://www.econbiz.de/10014335746
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Optimal life cycle portfolio choice with housing market cycles
Marekwica, Marcel; Stamos, Michael Zisis - 2010
generates a new speculative motive for homeownership. In particular, we show how good and bad housing market cycles affect … homeownership rates, leverage, stock investments and consumption and can explain empirically observed household behavior during …
Persistent link: https://www.econbiz.de/10008748110
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Life cycle asset allocation in the presence of housing and tax-deferred investing
Marekwica, Marcel; Schaefer, Alexander; Sebastian, Steffen - In: Journal of economic dynamics & control 37 (2013) 6, pp. 1110-1125
Persistent link: https://www.econbiz.de/10009740451
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Portfolio choice and housing demand in Sweden
Englund, Peter; Westin, Ann-Margret - 1988
Persistent link: https://www.econbiz.de/10000124521
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Countercyclical labor income risk and portfolio choices over the life cycle
Catherine, Sylvain - In: The review of financial studies 35 (2022) 9, pp. 4016-4054
Persistent link: https://www.econbiz.de/10013350139
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Subjective Measures of Risk Aversion, Fixed Costs, and Portfolio Choice
Kapteyn, Arie; Teppa, Federica - 2009
The paper investigates risk attitudes among different types of individuals. We use several di erent measures of risk attitudes, including questions on choices between uncertain income streams suggested by Barsky et al. (1997) and a number of ad hoc measures. As in Barsky et al. (1997) and...
Persistent link: https://www.econbiz.de/10014203502