Showing 1 - 10 of 515
This paper investigates the impact of a surging housing market on marital sorting. To cover the increasingly large down payments required in China today, both spouses' parents have to hand over their resources to support the couple in purchasing a new home. The incentive to extend credit to make...
Persistent link: https://www.econbiz.de/10012927382
precautionary savings enables households to buy homes earlier, whereas the presence of transaction costs leads to reduced … homeownership for middle-aged and older households when divorce risk goes up …
Persistent link: https://www.econbiz.de/10012897409
In China's regulated housing markets, a married couple may strategically choose to divorce in order to purchase more houses and/or purchase with more favorable leverages. Our study examines the strategic divorce behavior induced by two major types of housing market regulations in China, quota...
Persistent link: https://www.econbiz.de/10012846961
To analyze the impact of changes in the value of marriage on household decisions, we present a limited commitment framework of household behavior in which decisions are made regarding labor supply, divorce and housing demand over the lifecycle. We identify and estimate our structural model using...
Persistent link: https://www.econbiz.de/10014419233
According to economic theory, there are no strong reasons to tax (or to subsidise) residential moves, although low levels of taxation may be potentially justified to deal with the presence of externalities and economic stability. This is in contrast to practise in most countries where...
Persistent link: https://www.econbiz.de/10011377118
Issues of housing in India are synonymous with ignorance of housing in active government involvement at the policy and program formulation levels. They are also due to the problems that unplanned urbanization, income disparity, poverty, illiteracy, and unemployment brought. These issues...
Persistent link: https://www.econbiz.de/10011453304
In 2001, the AZF plant exploded in Toulouse (France). The accident was unexpected, it strongly damaged local housing and benefited from a wide media coverage. It provides a rare opportunity to analyze the consequences of a shift in risk perception on housing markets and neighborhoods subject to...
Persistent link: https://www.econbiz.de/10011487845
We develop a dynamic stochastic equilibrium model of two locations within a city where heterogeneous households make … joint location and tenure mode decisions. To investigate the effect of homeownership on equilibrium prices and allocations … three results. First, homeownership enables more households to remain in the more desirable location at the expense of …
Persistent link: https://www.econbiz.de/10011514075
regions, finding that the transmission of speculative bubbles and non-fundamentals between regions is multi-directional and …
Persistent link: https://www.econbiz.de/10013066764
Today, the aims of inclusionary housing are converging with the new realities of both the workplace and consumer housing preferences. This century finds neither viable nor likely the prospect of having a life-long job at a blue-chip company and settling down in a nearby single-family home in an...
Persistent link: https://www.econbiz.de/10012838038