Home ownership is widely stimulated by policy yet its effects are poorly understood. Exploiting privatization decisions … with similar tenants. Granular data on demographics, income, housing and financial wealth, and debt allow us to construct … consumption in the wake of an adverse income shock. We also find a positive but short-lived effect on labor supply …

This paper studies the economic benefits of home ownership. Exploiting a quasi-experiment surrounding privatization … with similar tenants. We link the tenants to their tax records to obtain information on demographics, income, mobility … of housing wealth are concentrated among the home owners who sell subsequent to privatization and among those who receive …

This paper aims at examining the influence of households' demographic characteristics on their savings behavior in the … model of savings behavior. It is concluded from the analysis that the preference of savings motive differs from one country … to another. However, it is shown that education is highly ranked in all countries as the most preferred savings motive …