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questions: i) How is homeownership and housing tenure distributed across the population along various socio … socio-economic groups? What is the impact of mortgage debt on access to homeownership and wealth accumulation, and on debt … residential mobility? iv) Is there a link between homeownership and wealth inequality? Between inequality in housing wealth and in …
Persistent link: https://www.econbiz.de/10012202943
risks in retirement. Our life cycle model captures these links in order to explain why homeownership in Germany is so low …. Our simulation results indicate that the public long-term care as well as the pension system reduce the homeownership rate …
Persistent link: https://www.econbiz.de/10012050806
, home-ownership subsidies keep the rental market small and the housing cycle affects aggregate consumption. Removing home-ownership …
Persistent link: https://www.econbiz.de/10012835957
: homeownership. The 1999 rise in the French Delalande tax on firms that laid off older workers produced an unexpected exogenous rise …
Persistent link: https://www.econbiz.de/10014544998
As wages in migrant sending countries catch up with those in destinations, migrants adjust on several margins, including their duration of stay, the number of migrations they undertake, as well as the amount saved while abroad. This paper combines Mexican and U.S. data to estimate a dynamic...
Persistent link: https://www.econbiz.de/10012697280
As wages in migrant sending countries catch up with those in destinations, migrants adjust on several margins, including their duration of stay, the number of migrations they undertake, as well as the amount saved while abroad. This paper combines Mexican and U.S. data to estimate a dynamic...
Persistent link: https://www.econbiz.de/10014030843
Homeownership is believed to cause higher unemployment. This is because homeowners face higher mobility costs that …, possibly due to the endogeneity of homeownership. This paper documents that the privatisation of public housing in Central and … Eastern Europe after the fall of the Iron Curtain resulted in a quasi-experimental assignment of homeownership to individual …
Persistent link: https://www.econbiz.de/10011775653
Many of the world's major cities have attracted a flurry of out-of-town (OOT) home buyers. Such capital inflows affect house prices, rents, construction, labor income, wealth, and ultimately welfare. We develop an equilibrium model, calibrated to the typical U.S. metropolitan area, to quantify...
Persistent link: https://www.econbiz.de/10012854624
Homeownership is believed to cause higher unemployment. This is because homeowners face higher mobility costs that …, possibly due to the endogeneity of homeownership. This paper documents that the privatization of public housing in Central and … Eastern Europe after the fall of the Iron Curtain resulted in a quasi-experimental assignment of homeownership to individual …
Persistent link: https://www.econbiz.de/10012965844
This paper studies housing tenure and labour mobility using individual data from the ECHP for five European countries. First, the effect of housing tenure on the unemployed workers' labour mobility is studied using a discrete unemployment duration model with two alternative exits to employment,...
Persistent link: https://www.econbiz.de/10014088730