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Persistent link: https://www.econbiz.de/10013350139
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 …This paper uses the newly constructed Luxembourg Wealth Study data to document cross-country variation in homeownership …
Persistent link: https://www.econbiz.de/10003726010
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 …This paper uses the newly constructed Luxembourg Wealth Study data to document cross-country variation in homeownership …
Persistent link: https://www.econbiz.de/10011631928
Persistent link: https://www.econbiz.de/10001441959
Persistent link: https://www.econbiz.de/10003309621
Persistent link: https://www.econbiz.de/10002485617
Various deviations from the Permanent Income consumption model with rational expectations have been discussed in the literature, including loss aversion and liquidity constraints. In the existing literature, these two types of consumption asymmetry are usually considered as mutually exclusive....
Persistent link: https://www.econbiz.de/10009306633
We argue that the U.S. personal saving rate's long stability (1960s-1980s), subsequent steady decline (1980s-2007), and recent substantial rise (2008-2011) can be interpreted using a parsimonious 'buffer stock' model of consumption in the presence of labor income uncertainty and credit...
Persistent link: https://www.econbiz.de/10009618873
We argue that the US personal saving rate's long stability (1960s-1980s), subsequent steady decline (1980s-2007), and recent substantial rise (2008-2011) can be interpreted using a parsimonious "buffer stock" model of consumption in the presence of labor income uncertainty and credit...
Persistent link: https://www.econbiz.de/10009622465
We argue that the U.S. personal saving rate's long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) can all be interpreted using a parsimonious 'buffer stock' model of optimal consumption in the presence...
Persistent link: https://www.econbiz.de/10009622528