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This paper uses a semiparametric homeownership model to estimate and to decompose the household-level white …-black homeownership gap into an endowment component and a residual component across the distribution of homeownership rates. We find that … the racial gap differs across homeownership rates and that studies that examine the gap only at the mean may be misleading …
Persistent link: https://www.econbiz.de/10013115458
This paper uses a semiparametric homeownership model to estimate and to decompose the household-level white …–black homeownership gap into an endowment component and a residual component across the distribution of homeownership rates. We find that … the racial gap differs across homeownership rates and that studies that examine the gap only at the mean may be misleading …
Persistent link: https://www.econbiz.de/10010608495
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
The dramatic rise in the U.S. home ownership rate from 64% in 1996 to almost 70% in 2005 has prompted increased attention to the relation between home ownership and demographic characteristics of households. The recent rise and sharp decline of subprime lending will likely spur further interest...
Persistent link: https://www.econbiz.de/10013109494
Quality of life differences across areas can be measured by differences in "real wages" where real wages are computed as nominal wages adjusted for the cost of living. Computing cost of living differences involves several important issues, including how housing prices should be measured....
Persistent link: https://www.econbiz.de/10009568788
Quality of life differences across areas can be measured by differences in “real wages”, where real wages are computed as nominal wages adjusted for the cost of living. Computing cost of living differences involves several important issues, including how housing prices should be measured....
Persistent link: https://www.econbiz.de/10013103501
Following the global financial crisis, macroprudential regulators in a number of countries took actions to mitigate risks arising from stressed mortgage markets to financial and economic stability. Having disaggregated information on the stock of mortgages allows policymakers to analyse...
Persistent link: https://www.econbiz.de/10012925785
, we document the association between house prices and homeownership at age thirty. We then use synthetic cohort methods to …
Persistent link: https://www.econbiz.de/10009530248
I show that individuals whose unemployment risk tends to increase more when local home prices fall optimally invest less in owner-occupied housing. Using a unique, Swedish register-based database, I find that a one standard deviation increase in the covariance between individually estimated...
Persistent link: https://www.econbiz.de/10010203021
England has very volatile house prices. We use pseudo-panel data spanning multiple house-price cycles over nearly forty years, to assess the extent to which house prices affect access to home ownership by age thirty, and whether differences in ownership rates persist. We find that ownership...
Persistent link: https://www.econbiz.de/10011734502