I study the implications of climate change and adaptation on housing and income, and wealth. I embed climate change in … a redistributive growth model by introducing exposure of households and firms to extreme weather events, that damage … their housing capital and physical capital, respectively. The analysis reveals that climate change is intrinsically …

I study the implications of climate change and adaptation on housing and income, and wealth. I embed climate change in … a redistributive growth model by introducing exposure of households and firms to extreme weather events, that damage … their housing capital and physical capital, respectively. The analysis reveals that climate change is intrinsically …

consumption decisions. Despite the fact that measuring housing wealth is crucial for understanding households' economic behavior … data requirements while still meeting international guidelines. Our results suggest housing wealth in Mexico has followed …Housing is the greatest asset held by most households, and it is an important determinant of their financing and …

This paper deals with the effect of (i) damage experience from extreme weather events and (ii) expectations concerning …. The effect of experienced weather events on SWB of the heads of the households is only significant for heat waves; not for … weather experiences are quantified. It becomes apparent that the indirect effect is significant but small compared to the …

analy-sis reveals that the personal experience with extreme weather events (and particularly heat-waves) alone is already … stronger effects. A rising number of extreme weather events and consequential personal damages in the future might thus further …

contributions. We provide the first empirical evidence on the causal effects of mortgage amortization on wealth accumulation. Ex …Standard mortgage contracts include periodic debt repayment plans (amortization schedules) designed to build ….S. households contribute hundreds of ($) billions each year into mortgage amortization plans – comparable in size to pension program …

caps affect household debt, wealth inequality and consumption volatility differently, mediated by changes in the housing …-based housing market model, calibrated using U.K. household survey data. We apply different Loan-to-Value (LTV) caps for different … household debt, wealth inequality and consumption volatility. The households' consumption function, in the model, incorporates a …

The climate change impacts on sea level rise and coastal disasters, and the possible adaptation responses have been …

Using unique nationwide property-level mortgage, flood risk, and flood map data, we analyze whether lenders respond to … securitize/sell mortgages to borrowers prone to flood risk. Taken together, our results are indicative that mortgage lenders are … flood risk that is not captured in FEMA flood maps. We find that lenders are less willing to originate mortgages and charge …