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Housing wealth across countries : the role of expectations, institutions and preferences

Le Blanc, Julia; Slacalek, Jirka; White, Matthew N. - 2025

Homeownership rates and holdings of housing wealth differ immensely across countries. We specify and estimate a life … explanatory factors for long-run, structural differences in the extensive and intensive margins of housing: the homeownership rate … wealth. We find that all three groups of factors matter, although preferences less so. Differences in homeownership rates are …

Persistent link: https://www.econbiz.de/10015211679

Offsetting risk in a neoliberal environment : the link between asset-based welfare and NIMBYism

Record, Matthew C. - In: Journal of risk and financial management : JRFM 14 (2021) 11, pp. 1-21

, including a push for homeownership as the normalized tenure and a commodity unto itself. Scholars suggest this push for … homeownership is part and parcel of a neoliberal asset-based welfare to supplement, or even outright replace, traditionally defined … benefit pension schemes. These policies individualize risk and re-fashion individual citizens as long-term financial planners …

Persistent link: https://www.econbiz.de/10012795918

The effect of uncertainty on negative discounting

Palenik, Marcin - In: International journal of management and economics 57 (2021) 4, pp. 287-298

The preference to receive benefits as early as possible and delay costs as much as possible is natural for people. That means a positive discount rate in the intertemporal choice, which is a common assumption in economics. However, as research in behavioral economics proves, in certain...

Persistent link: https://www.econbiz.de/10012821522

Insurers' loss portfolio similarity and climate risk insurance cost : a spatial analysis of US homeowners insurance market

Sun, Tao - In: Risks : open access journal 13 (2025) 2, pp. 1-18

This study examines the geographical spillover of the state-level average homeowners insurance cost for 48 US contiguous states. We estimate a panel spatial Durbin model with state and year fixed effect for data between 2001 and 2018. We found a significant positive spillover of average...

Persistent link: https://www.econbiz.de/10015334604

The response of inflation to budgetary shocks in Russia : an (S)VAR approach in economically uncertain times

Dermechi, Feriel; Zakane, Ahmed - In: Central European review of economics and management : CEREM 8 (2024) 4, pp. 7-36

Aim: The motivation for this research stems from Russia's notable high levels of government expenditure due to its continual involvement in armed conflicts, which often result in budgetary imbalances and economic policy uncertainty. These factors impact the inflation rate. This study delves into...

Persistent link: https://www.econbiz.de/10015323449

World uncertainty and national fiscal balances

Trang Thi Thuy Nguyen; Binh Thai Pham; Sala, Hector - 2023

The Great Recession and the COVID-19 pandemic shared two of its critical macroeconomic consequences: a major increase in world uncertainty and great stress on public finances. In this paper, we show that not only these are not independent phenomena but, on the contrary, world economic...

Persistent link: https://www.econbiz.de/10014516212

Homeownership for all : an American narrative

Ackert, Lucy F.; Mazzotta, Stefano - In: Journal of risk and financial management : JRFM 14 (2021) 6, pp. 1-14

The narrative of homeownership for all citizens is a uniquely American story. Narrative economics is a field that … panel vector autoregression to empirically model the relationship between home prices and homeownership sentiment in the … United States. We find that sentiment related to the American homeownership narrative is an important factor in explaining …

Persistent link: https://www.econbiz.de/10012587777

Housing privatization in transition countries : institutional features and outcomes

Broulíková, Hana M.; Montag, Josef - In: Národohospodářský obzor : časopis věnovaný … 20 (2020) 1, pp. 51-71

We provide an overview of housing privatization policies and outcomes in transition economies. Our primary aim is to collect and systematize key information concerning the institutional features of housing privatization in individual countries: we identify the initial conditions, the timeframe...

Persistent link: https://www.econbiz.de/10012242314

Affordability of affordable housing in Northern Region of Malaysia

Hafirda Akma Musaddad; Selamah Maamor; Zairy Zainol - In: Malaysian management journal : MMJ 27 (2023), pp. 183-209

Persistent link: https://www.econbiz.de/10014631697

Spousal spillovers in the labor market : a structural assessment

Galaasen, Sigurd Mølster; Kruse, Herman - 2024

We explore the importance and nature of elderly couples' labor market interlinkages, and how such linkages shape the response to welfare reforms. To this end, we build a life cycle model with dual-earner households, featuring heterogeneous age gaps, non-separable leisure preferences, and...

Persistent link: https://www.econbiz.de/10015141893