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looking at the effect of a reduction in the maximum loan-to-value (LTV) ratio on homeownership rates, house prices and housing … is initially loose, allowing households to lever up against the collateral value of their housing. A reduction in the LTV … is the fall in house prices and the greater is the rise in the share of constrained homeowners and housing wealth …
Persistent link: https://www.econbiz.de/10014335097
Persistent link: https://www.econbiz.de/10015051094
in recent years, due partly to the fact that tax breaks for housing purchase, reforms in the housing loan market since … the early 2000s, and expansionary monetary policy enabled Japanese households to purchase housing at a younger age than … households who have chosen variablerate housing loans has increased in recent years. …
Persistent link: https://www.econbiz.de/10012430021
in recent years, due partly to the fact that tax breaks for housing purchase, reforms in the housing loan market since … the early 2000s, and expansionary monetary policy enabled Japanese households to purchase housing at a younger age than … households who have chosen variablerate housing loans has increased in recent years. …
Persistent link: https://www.econbiz.de/10012121910
This paper produces new evidence and stylised facts on housing, wealth accumulation and wealth distribution, relying on … questions: i) How is homeownership and housing tenure distributed across the population along various socio …-economic characteristics such as income, wealth and age? What is the weight of housing in households’ balance sheets and how does this vary …
Persistent link: https://www.econbiz.de/10012202943
administrative Dutch tax-return and property ownership data linked to the universe of housing transactions, and the introduction of a …
Persistent link: https://www.econbiz.de/10012211198
economic shocks. Using a comprehensive dataset of all housing transactions in Norway matched with buyers' balance sheet …
Persistent link: https://www.econbiz.de/10012661560
economic shocks. Using a comprehensive dataset of all housing transactions in Norway matched with buyers' balance sheet …
Persistent link: https://www.econbiz.de/10012262509
I examine how differences in the ability to identify profitable investment opportunities contribute to wealth inequality. I analyze a model of financial markets with investors heterogeneously informed about future returns. The unconditional wealth share distribution features a thick right-tail...
Persistent link: https://www.econbiz.de/10012851950
In this paper, we address how returns on financial assets vary across the population. Exploiting rich administrative data, we can neatly describe the heterogeneity across all parts of the distribution of wealth. We find compelling evidence that the rich benefit from higher returns. Likely, this...
Persistent link: https://www.econbiz.de/10013219943