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Demographics, house prices and mortgage design
Miles, David - Monetary Policy Committee (MPC), Bank of England - 2012
This paper develops a model of the housing market that takes account of population density to assess the impact of … population changes on the value and size of the housing stock. The model implies that if population density is on an upward … housing. This has implications for the optimal structure of housing finance. It amkes equity financing of home purchase more …
Persistent link: https://www.econbiz.de/10010878480
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The housing wealth effect on consumption reconsidered
Lindner, Fabian - 2014
Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … which housing price changes work as a wealth effect. In such models, windfall gains in housing always lead to positive … changes in consumption. However, this might constitute a fallacy of composition. Such models ignore that changes in housing …
Persistent link: https://www.econbiz.de/10010335898
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The housing wealth effect on consumption reconsidered
Lindner, Fabian - 2014
Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … which housing price changes work as a "wealth effect". In such models, windfall gains in housing always lead to positive … changes in consumption. However, this might constitute a fallacy of composition. Such models ignore that changes in housing …
Persistent link: https://www.econbiz.de/10010337472
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The housing wealth effect on consumption reconsidered
Lindner, Fabian - Institut für Weltwirtschaft (IfW) - 2014
Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … which housing price changes work as a wealth effect. In such models, windfall gains in housing always lead to positive … changes in consumption. However, this might constitute a fallacy of composition. Such models ignore that changes in housing …
Persistent link: https://www.econbiz.de/10010956068
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The determinants and long-term projections of saving rates in developing Asia
Horioka, Charles Yuji; Terada-Hagiwara, Akiko - 2011
In this paper, we present data on trends over time in domestic saving rates in twelve economies in developing Asia during the 1966-2007 period and analyze the determinants of these trends. We find that domestic saving rates in developing Asia have, in general, been high and rising but that there...
Persistent link: https://www.econbiz.de/10010332273
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Aging, the Great Moderation and Business-Cycle Volatility in a Life-Cycle Model
Heer, Burkhard; Rohrbacher, Stefan; Scharrer, Christian - 2014
According to empirical studies, the life cycle of labor supply volatility exhibits a U-shaped pattern. This may lead to the conclusion that demographic change induces a drop in output volatility. We present an overlapping generations model that replicates the empirically observed pattern and...
Persistent link: https://www.econbiz.de/10010333382
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Demographics and sectoral reallocations: A search theory with immobile workers
Cociuba, Simona E.; MacGee, James - 2018
We propose a mechanism via which a decline in the share of young workers slows employment growth in expanding sectors, and exacerbates sectoral reallocation costs. To quantify this mechanism, we develop a search model with perpetual youth, three sectors and endogenous separations of worker-firm...
Persistent link: https://www.econbiz.de/10012057023
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EU Faces a Tough Demographic Reckoning
Grieveson, Richard; Leitner, Sandra M.; Stehrer, Robert - 2019
By 2030, labour demand could be equal to labour supply in most of the EU, creating significant challenges for policy-makers and firms. The 'tipping point' at which labour demand will become equal to labour supply in the EU – that is, when labour will become a constraint on economic growth –...
Persistent link: https://www.econbiz.de/10012100237
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A conceptual model of financial well-being for south african investors
Dickason Koekemoer, Zandri; Ferreira, Suné - In: Cogent Business & Management 6 (2019), pp. 1-13
influence the financial decisions of investors and may vary according to their demographics. The aim of this study is to …
Persistent link: https://www.econbiz.de/10012117474
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Demographics, labor market power and the spatial equilibrium
Furbach, Nina - 2024
This paper studies how demographics affect aggregate labor market power, the urban wage premium and the spatial … groups can explain 4% of the urban wage premium and 2% of the spatial concentration of population, Demographics and skill …
Persistent link: https://www.econbiz.de/10014543590