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This paper examines how family housing wealth affects homeownership transitions during divergent periods of credit …, larger transfer amounts, and an increased likelihood of transitioning to homeownership during the housing bust, but not … affected by local housing market fluctuations during the housing bust. Overall, my findings suggest that family wealth matters …
Persistent link: https://www.econbiz.de/10012852352
. -- household wealth ; housing subsidy scheme ; house price …As significant part of national wealth, households' wealth is the central issue in both policy debate and academic … literature. Nevertheless, in Hungary little effort has been made so far to conduct thorough evaluation of households' wealth for …
Persistent link: https://www.econbiz.de/10003604923
Results from the Eurosystem Household Finance and Consumption Survey reveal substantial variation in household net … three factors, in addition to the common household and demographic factors, are relevant for the net wealth accumulation … particular in homeownership rates and house price dynamics, are important for explaining wealth differences across euro area …
Persistent link: https://www.econbiz.de/10013048484
Results from the Eurosystem Household Finance and Consumption Survey reveal substantial variation in household net … three factors, in addition to the common household and demographic factors, are relevant for the net wealth accumulation … particular in homeownership rates and house price dynamics, are important for explaining wealth differences across euro area …
Persistent link: https://www.econbiz.de/10013054675
consumption/labor supply, there would be no effect on wealth. We use individual administrative data and plausibly exogenous … coupled with amortizing mortgages, is a key driver of household wealth building and inequality, and that the amortization-wealth …-up illiquid savings in the form of home equity, which can be substantial even from a macroeconomic standpoint. For example, U …
Persistent link: https://www.econbiz.de/10012244519
for income and household portfolios, easier credit conditions raise house prices, debt and consumption. However, unlike in …There is widespread agreement that, in the United States, higher house prices raise consumption via collateral or … possibly wealth effects. The presence of similar channels in Canada would have important implications for monetary policy …
Persistent link: https://www.econbiz.de/10011408596
-quarter of total household wealth in Europe provides further corroboration for this finding. …In this paper, we analyze the saving motives of European households using micro-data from the Household Finance and … Consumption Survey (HFCS), which is conducted by the European Central Bank. We find that the rank ordering of saving motives …
Persistent link: https://www.econbiz.de/10015047840
early stages of the current recovery. To this end, it first introduces the various dimensions of wage, income, consumption … and wealth inequality, and studies how they have developed. The analysis shows less wage dispersion in Spain than in other … inequality in per capita income. The level of inequality in Spain is more moderate when total gross household income is analysed …
Persistent link: https://www.econbiz.de/10011967426
For a household, home ownership provides necessary shelter, potential investment returns associated with property … household's housing unit and the household's actual house ownership costs. The purchase of a house can substantially fix a … household's recurring housing related expenditures and generates a hedge (implied housing dividend) that increases with …
Persistent link: https://www.econbiz.de/10013000970
For a household, home ownership provides necessary shelter, potential investment returns associated with property … household's housing unit and the household's actual house ownership costs. The purchase of a house can substantially fix a … household's recurring housing related expenditures and generates a hedge (implied housing dividend) that increases with …
Persistent link: https://www.econbiz.de/10012965532