Showing 1 - 10 of 428
, we document the association between house prices and homeownership at age thirty. We then use synthetic cohort methods to …
Persistent link: https://www.econbiz.de/10009530248
I show that individuals whose unemployment risk tends to increase more when local home prices fall optimally invest less in owner-occupied housing. Using a unique, Swedish register-based database, I find that a one standard deviation increase in the covariance between individually estimated...
Persistent link: https://www.econbiz.de/10010203021
In this paper we investigate Oswald's hypothesis according to which higher homeownership rates increase aggregate … following an (exogenous) increase in homeownership rates. We show that (1) Oswald's hypothesis does not always hold as it … depends crucially on the importance of mobility costs; (2) while higher homeownership may harm macroeconomic labour market …
Persistent link: https://www.econbiz.de/10010423759
homeownership and declining unemployment are linked and that the causality runs from high homeownership leading to high unemployment … and mortgaged homeownership. Generally, the evidence that a declining homeownership rate contributes to a lower …
Persistent link: https://www.econbiz.de/10012022713
The paper investigates the links between homeownership, employment and earnings for which no consensus exists in the …
Persistent link: https://www.econbiz.de/10011949387
England has very volatile house prices. We use pseudo-panel data spanning multiple house-price cycles over nearly forty years, to assess the extent to which house prices affect access to home ownership by age thirty, and whether differences in ownership rates persist. We find that ownership...
Persistent link: https://www.econbiz.de/10011734502
Barriers to homeownership have traditionally been an important research and policy issue. In particular, the role of … income uncertainty and credit constraints exert a significant negative effect on the probability of homeownership. Our main …
Persistent link: https://www.econbiz.de/10010261962
We investigate the socio-economic determinants of mortgage delinquency in 12 EU countries and observe that income volatility significantly increases the mortgage delinquency risk. This pattern even holds for borrowers with higher-income profiles if volatility in income is high enough. From this...
Persistent link: https://www.econbiz.de/10010262138
We investigate whether initial differences in speed of entry into homeownership lead to longlasting differences in …
Persistent link: https://www.econbiz.de/10010500216
Persistent link: https://www.econbiz.de/10000896726