We propose to treat survey-based density expectations as compositional data when testing either for heterogeneity in density forecasts across different groups of agents or for changes over time. Monte Carlo simulations show that the proposed test has more power relative to both a bootstrap...

This paper adds nuance to two seemingly contradictory findings in the literature: on the one hand, the detection of a relationship between housing tenure and mental health in cross-sectional data, while an absence thereof in longitudinal studies. Using recent advances in the...

The COVID-19 pandemic has been recognised to heavily affect mental health. Because of the nature of the pandemic response, characterised by lockdowns and social distancing, housing has had a particularly important role. Within the British context, this paper looks at the relationship between...

The dual nature of property as both a consumption and an investment good makes itdifficult for households to decide how much capital to allocate to it. In fact, the theoreticalliterature predicts a constraint imposed by property on investment and the empiricalliterature has brought evidence that...

The special, dual nature of property as both a consumption and an investment goodmakes it salient for portfolio choice. In fact, the theoretical literature predicts a con-straint imposed by property on investment and the empirical literature has broughtevidence that this constraint, in some...