that the volume of housing transactions increases when the payment profile is increasing and households have little housing … participation effects without increasing the volatility of the housing market. The model predicts that the expansion of mortgage …

generation model with housing. We find that the long-run importance of the introduction of new mortgage products for the …

and recovered only partially during the 2001-2005 housing boom. The 1980-2000 decline in young home ownership occurred as …

generation model with housing. We find that the long-run importance of the introduction of new mortgage products for the …

function of house prices and the annual user cost of owner-occupied housing. Tax policies affect the user cost of owner …-occupied housing and, in turn, the probability of becoming a homeowner. They also affect the price of housing due to capitalization … ownership rate. This result is likely due to the fact that the MID is capitalized into house prices, especially where housing …

housing market downturn but limited effects on the wealth accumulation of the affected children …

Following the evidence that housing costs may impair the proper functioning of the labour market, this paper develops a … search and matching model where trading frictions in the mortgage, housing and labour markets interact with each other … the housing tenure choice (tenancy or owner occupancy). Finally, the housing tenure choice affects the unemployment rate …