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When Should Retirees Tap Their Home Equity?
Hambel, Christoph - 2020
This paper studies a household's optimal demand for a reverse mortgage. These contracts allow homeowners to tap their home equity to finance consumption needs. In stylized frameworks, we show that the decision to enter a reverse mortgage is mainly driven by the differential between the aggregate...
Persistent link: https://www.econbiz.de/10012824616
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When should retirees tap their home equity?
Hambel, Christoph; Kraft, Holger; Meyer-Wehmann, André - 2020 - Current version: August 27, 2020
This paper studies a household's optimal demand for a reverse mortgage. These contracts allow homeowners to tap their home equity to finance consumption needs. In stylized frameworks, we show that the decision to enter a reverse mortgage is mainly driven by the dierential between the aggregate...
Persistent link: https://www.econbiz.de/10012303151
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Mortgage finance in Central and Eastern Europe: opportunity or burden?
Beck, Thorsten; Kibuuka, Katie; Tiongson, Erwin - 2010
Household credit, especially for mortgages, has doubled over the past years in the new European Union member countries, raising concerns about the economic and social consequences of household indebtedness in the event of a macroeconomic crisis. Using household survey data for 2005, 2006, and...
Persistent link: https://www.econbiz.de/10010269610
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Mortgage finance in Central and Eastern Europe : opportunity or burden?
Beck, Thorsten; Kibuuka, Katie; Tiongson, Erwin R. - 2010
Household credit, especially for mortgages, has doubled over the past years in the new European Union member countries, raising concerns about the economic and social consequences of household indebtedness in the event of a macroeconomic crisis. Using household survey data for 2005, 2006, and...
Persistent link: https://www.econbiz.de/10003940327
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Mortgage Finance in Central and Eastern Europe : Opportunity or Burden?
Beck, Thorsten - 2010
Household credit, especially for mortgages, has doubled over the past years in the new European Union member countries, raising concerns about the economic and social consequences of household indebtedness in the event of a macroeconomic crisis. Using household survey data for 2005, 2006, and...
Persistent link: https://www.econbiz.de/10013147559
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Do households benefit from financial deregulation and innovation? The case of the mortgage market
Gerardi, Kristopher; Rosen, Harvey S.; Willen, Paul - 2006
The U.S. mortgage market has experienced phenomenal change over the last 35 years. Most observers believe that the deregulation of the banking industry and financial markets generally has played an important part in this transformation. One issue that has received particular attention is the...
Persistent link: https://www.econbiz.de/10010282749
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Do households benefit from financial deregulation and innovation? : The case of the mortgage market
Gerardi, Kristopher (contributor);  … - 2006
The U.S. mortgage market has experienced phenomenal change over the last 35 years. Most observers believe that the deregulation of the banking industry and financial markets generally has played an important part in this transformation. One issue that has received particular attention is the...
Persistent link: https://www.econbiz.de/10003713591
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Housing, wealth accumulation and wealth distribution : evidence and stylized facts
Causa, Orsetta; Woloszko, Nicolas; Leite, David - 2019
questions: i) How is homeownership and housing tenure distributed across the population along various socio … socio-economic groups? What is the impact of mortgage debt on access to homeownership and wealth accumulation, and on debt … residential mobility? iv) Is there a link between homeownership and wealth inequality? Between inequality in housing wealth and in …
Persistent link: https://www.econbiz.de/10012202943
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Imputed rent and income inequality : a decomposition analysis for Great Britain, West Germany and the USA
Frick, Joachim R.; Grabka, Markus M. - 2003
This article deals with income advantages derived from owner-occupied housing and their impact on the personal income distribution. Using micro-data from the British Household Panel Study (BHPS), the German Socio-Economic Panel (SOEP), and the US Panel Study of Income Dynamics (PSID) we find...
Persistent link: https://www.econbiz.de/10009660374
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The personal distribution of income and imputed rent : a cross-national comparison for the UK, West Germany, and the USA
Frick, Joachim R.; Grabka, Markus M. - 2002
Persistent link: https://www.econbiz.de/10001656328