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. -- household wealth ; housing subsidy scheme ; house price …As significant part of national wealth, households' wealth is the central issue in both policy debate and academic … literature. Nevertheless, in Hungary little effort has been made so far to conduct thorough evaluation of households' wealth for …
Persistent link: https://www.econbiz.de/10003604923
capitalization effects and households' choices of household structure, mortgage loan-to-value ratio, and wealth accumulation must be …This study reviews the literature on the determinants of a country's homeownership rate including factors such as … demographic characteristics, household level economic variables, and government housing policies. We present a comprehensive model …
Persistent link: https://www.econbiz.de/10009375146
capitalization effects and households' choices of household structure, mortgage loan-to-value ratio, and wealth accumulation must be …This study reviews the literature on the determinants of a country's homeownership rate including factors such as … demographic characteristics, household level economic variables, and government housing policies. We present a comprehensive model …
Persistent link: https://www.econbiz.de/10013067117
takes into account three dimensions of real estate sector vulnerabilities (i.e. valuation, household indebtedness and the …
Persistent link: https://www.econbiz.de/10012948367
shock on household credit and GDP. We estimate a panel vector autoregression model for a sample of 16 OECD countries for the … the contemporaneous changes in output and inflation. Our results do not support the hypothesis of a stronger household …
Persistent link: https://www.econbiz.de/10013012915
the aggregate consumption to income ratio. By standard intertemporal budget constraint logic, this ratio is linked to … expectations of future income and consumption growth rates. We investigate whether these expectations suffice to explain the shifts … in the consumption-income ratio that occur during disaster periods or whether, on the other hand, consumers become more …
Persistent link: https://www.econbiz.de/10012511037
Historically high household debt in several economies is calling for a deleveraging, but according to some economists …, this adjustment can slow GDP growth by weighing on consumption. Using a sample of advanced and emerging market economies …, this paper finds evidence of a negative relationship between changes of household debt-to-income ratios and saving rates …
Persistent link: https://www.econbiz.de/10013306732
The present report presents new historical data based on country comparisons and research results regarding rent control and its long-term effect on the home ownership rate in 27 countries. Policy measures of rent control, protection against eviction, and housing space management have been...
Persistent link: https://www.econbiz.de/10012110819
homeownership: “entry affordability” indicates how affordable subsidised housing is when a household first becomes a subsidised …Shared equity homeownership is a form of subsidised, resale-restricted housing through which lower-income households … owner; while “exit affordability” means how affordable private housing is after a household has enjoyed subsidised …
Persistent link: https://www.econbiz.de/10013242945
consumption, as captured by the long-run marginal propensity to consume from financial wealth (mpcw). The international evidence … changes in both consumption and wealth. Using a suitable panel technique, it is found that the hypothesis of a common long …The main objective of this paper is to offer a critique of the existing literature on the link between wealth and …
Persistent link: https://www.econbiz.de/10014060309