job search with liquid wealth accumulation and consumption of housing, that can be rented, bought on credit, or sold. In … using NLSY data from 1978 until 2005. We fi?nd that more relaxed housing lending conditions, particularly lower downpayment …

Micro data over the life cycle show different patterns for consumption for housing and non-housing goods: The … consumption profile of non-housing goods is hump-shaped, while the consumption profile for housing first increases monotonically …. Borrowing constraints are essential in explaining the accumulation of housing assets early in life, while transaction costs are …

accelerator of house prices and finds that over the period 2000-2008 the value of all housing transactions exceeded the aggregate … net growth of mortgages by 50%, indicating substantial equity financing. In one year, 2008, the value of aggregate housing …

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

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 …

Housing is an important sector of the economy. It has widespread implications for investment, banking, saving and … employment. Home ownership has been linked to building social capital and a sense of community. Furthermore housing equity is a … housing, saving, wealth accumulation and retirement. The results of this contribute to Treasury's role in providing advice to …

importance. In the second part of the paper we employ a standard model of dynamic optimisation with housing demand and seasonal … housing consumption …

This paper models individual demand for housing over the life-cycle, and shows the implications of this behaviour for …, positive house price shocks lead to consumption booms among the old and a fall in aggregate demand for housing, whereas … positive income shocks lead to consumption booms among the young and a rise in aggregate demand for housing. (Copyright …

housing arrangements in Canada. Synthetic cohort (quasi-panel) methods are employed to disentangle age profiles from cohort …