capitalization effects and households' choices of household structure, mortgage loan-to-value ratio, and wealth accumulation must be …This study reviews the literature on the determinants of a country's homeownership rate including factors such as … demographic characteristics, household level economic variables, and government housing policies. We present a comprehensive model …

capitalization effects and households' choices of household structure, mortgage loan-to-value ratio, and wealth accumulation must be …This study reviews the literature on the determinants of a country's homeownership rate including factors such as … demographic characteristics, household level economic variables, and government housing policies. We present a comprehensive model …

takes into account three dimensions of real estate sector vulnerabilities (i.e. valuation, household indebtedness and the …

cointegration theory to study the interplay between consumption, income and housing wealth in 14 countries observed quarterly from … income elasticity of consumption, wealth volatility and income inequality are higher. The effect tends to be larger in … consumption, income and housing wealth highlights that transitory income moves do not Granger-cause consumption growth, and …

consumption-saving behavior. We construct a novel consumption-saving model where the household must infer the persistent component … marginal propensity to consume because the short run covariance between income growth and consumption growth increases when … can be identified from panel data on income and consumption. Finally, we estimate a high degree of knowledge in the Panel …

A major difficulty faced by researchers who want to study the consumption and savings behavior of households is the … consumption expenditure to the assumptions made and the data used. We then compare our measures of household expenditure to those … second is a study of the transmission of income shocks to household consumption. …