In dieser Arbeit kommt ein neuer ökonometrischer Ansatz für Paneldaten zum Einsatz, welcher den Umgang mit persistenter, unbeobachtbarer Heterogenität in allgemeinen nichtseparablen und nonparametrischen Konstellationen ermöglicht. Der Ansatz geht zurück auf Hoderlein und White (2009)....

Jonas Eickholt untersucht, wieso Konsumenten bei der wichtigsten Finanzentscheidung ihres Lebens, der Immobilienfinanzierung, regelmäßig ihre Bankfiliale einer vorteilhaften Online-Finanzierung vorziehen. In Zeiten allgegenwärtiger Digitalisierung überrascht diese Präferenz. Auf Grundlage...

Most private giving between living generations takes the form of tied transfers, such as help with housing downpayments. We argue that parents provide help with downpayments in order to encourage the production of grandchildren, and that such a subsidization emanates from the demonstration...

It is argued that parents provide help with housing downpayments in order to encourage the production of grandchildren, and that such a subsidization emanates from the ?demonstration effect:? a child?s propensity to furnish parents with attention and care can be conditioned by parental example....

Home equity is the most important part of a household portfolio, but only recently has it become more accessible through innovations in the mortgage market and financial deregulation. This study looks at the factors driving home equity withdrawal on a household level using Dutch survey data and...

This paper describes an equilibrium life-cycle model of housing where nonconvex adjustment costs lead households to adjust their housing choice infrequently and by large amounts when they do so. In the cross-sectional dimension, the model matches the wealth distribution; the age profiles of...

This paper describes an equilibrium life-cycle model of housing where nonconvex adjustment costs lead households to adjust their housing choice infrequently and by large amounts when they do so. In the cross-sectional dimension, the model matches the wealth distribution; the age profiles of...