Este documento analiza los efectos que generan los cambios en la riqueza de los hogares en el consumo agregado de la economía. Dado que el principal activo en la riqueza de los hogares es la vivienda, es importante analizar su comportamiento y entender los canales por los cuales el cambio en la...

Abstract:This paper uses data from the Legalized Population Survey to study the determinants of U.S. immigrant´s home ownership. The main interest of the paper is on the relationship between house ownership in the U.S. and house ownership abroad. The results show that house ownership of U.S....

PAK policy is one of the important policies that has been adopted in housing market during the two recent decades. It mainly focuses on saving, development and downsizing. Now given that housing can be considered both as a capital and an expendable property and it has unique characteristics such...

This paper presents an intertemporal model of household choice where endogenous increases in house prices play an important role in the effect of rising female relative wages on fertility. Households save for a deposit in young age, rear children and repay mortgages in middle age and sell...

This article examines developments in house prices in a number of countries over recent years. It shows that while the magnitude of house price movements have differed across countries, the recent trend of rising prices in Australia has also been experienced in some other developed countries....

Housing plays an important role in Australia’s economic growth and in the welfare of Australians. This article examines developments in the Australian housing market over recent years. It argues that investors have played an increasingly important role in the housing market for both detached...

This article seeks to contribute to our understanding of first home buyer behaviour, presenting a profile of first home buyers in Australia at various points in time over the past two decades. Understanding the social and economic characteristics of first home buyers, and how they have evolved...

Utilizing a large transaction-level dataset on housing mortgages in China, this study estimates the effect of the mortgage rate spread between long- and short-term loans on property purchasers choice of loan length. Our identification of the causal effect of this spread on loan length hinges on...

Using unique survey data on agricultural traders in China in 2004, this study provides direct evidence on the significance of inter-regional trade barriers and their key components. Our major findings are as follows. (1) The trade barriers within China are fairly small, accounting for about 20...

Throughout the last decade, mortgage markets experienced both a considerable decline and a considerable increase in the share served by the FHA. Concerns have grown about the solvency of the program and about the access to credit of the borrowers served by the FHA market. These concerns are due,...