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In this paper we investigate the effect of labour income uncertainty on the probability of homeownership in Germany and … Spain. This study is motivated by two facts. Firstly, theoretical models tend to provide ambiguous results in this issue … that highlights the pivotal role of risk attitudes in the housing tenure decisions that also allow us to introduce the …
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I show that individuals whose unemployment risk tends to increase more when local home prices fall optimally invest …
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I show that individuals whose unemployment risk tends to increase more when local home prices fall optimally invest …
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