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This paper describes the real wealth accumulation of American youth and relates this behavior to variations in real … price have two offsetting effects on wealth. First, the greater the local constant-quality price of housing, the greater the … wealth needed to meet the lender imposed down payment constraint if housing demand is price inelastic. However, increased …
Persistent link: https://www.econbiz.de/10012473216
wealth. Moving is often associated with retirement and with precipitating shocks like the death of a spouse or by other … changes in marital status. Median housing wealth increases as the elderly age. Even when the elderly move, housing equity is … transaction cost associated with moving is apparently not the cause for the lack of the reduction in housing wealth as the elderly …
Persistent link: https://www.econbiz.de/10012476744
Persistent link: https://www.econbiz.de/10011803170
highest for older households and households with low income, education, housing wealth, and financial wealth, making it the …
Persistent link: https://www.econbiz.de/10012457282
The wealthy hand-to-mouth are households who hold little or no liquid wealth (cash, checking, and savings accounts …
Persistent link: https://www.econbiz.de/10012458591
Persistent link: https://www.econbiz.de/10014550861
students. Our findings indicate a $10,000 increase in a family's housing wealth in the four years prior to a student becoming … wealth on where students apply, not on whether they are admitted. We also find that short-run increases in home prices lead …
Persistent link: https://www.econbiz.de/10012460584
Using a unique data set of 81,943 house value estimates by the homeowners and their financial institution, I find that homeowners overestimate their house value by 3.1%. After controlling for homeowners' socioeconomic characteristics, I find that ex ante homeowners who rate (cash-out) refinance...
Persistent link: https://www.econbiz.de/10014050461
Some studies on child labor have shown that greater land wealth leads to higher child labor, thereby casting doubt on …
Persistent link: https://www.econbiz.de/10014052494
Using a unique dataset of 81,943 house value estimates by the homeowners and their financial institution, I find that homeowners overestimate their house value by 3.1%. After controlling for homeowners' socioeconomic characteristics, I find that ex-ante homeowners who rate (cash-out) refinance...
Persistent link: https://www.econbiz.de/10014056892