economic crisis. Spain is also a country which is characterised by a very high percentage of homeownership, with more than 83 …% of households being owner-occupiers. Both regional levels of unemployment and homeownership are known to be important … (2001 and 2011) to study the effect of homeownership and regional unemployment levels on both short and long distance …

Homeownership is believed to cause higher unemployment. This is because homeowners face higher mobility costs that …, possibly due to the endogeneity of homeownership. This paper documents that the privatization of public housing in Central and … Eastern Europe after the fall of the Iron Curtain resulted in a quasi-experimental assignment of homeownership to individual …

important source of consumption risk as two thirds of households are involved in some level of agricultural production. For … South Africa, we focus on labor market risk proxied by transitions from formal employment to informal work or unemployment …

Risk Neutral Constant Elasticity (RINCE) preferences and obtained a closed-form solution in the presence of idiosyncratic … risk for income and investment return. His solution, however, implicitly assumes that the natural borrowing limit never …

To effectively cope with an unexpected, large, and negative income shock, I propose a life-cycle model for income risk … generalizing the Arrow-Debreu price with income risk premium …

We provide a microeconomic analysis of the incentive and welfare effects of idiosyncratic return risk. While most of … rate separates savers from borrowers. At the intensive margin, we identify restrictions on the agent's risk preferences for …