Initial downpayment for home ownership could prove to be a binding constraint for households aspiring to be homeowners. Households in Japan require 30 to 45% of the house value as downpayment. This not only affects their decision on the timing of homeownership but also has significant influence...

The period of study, from 2000 to 2010, was a decade of turbulence in the American residential real estate market. The time period witnessed a sharp increase in property prices from 2000 to 2006 followed by a sharp decline after the 2007 sub-prime crisis in most markets in the US. The objective...

ERES:conference

The effect of unemployment risk on the timing of homeownership is examined through the use of a retrospective panel of Japanese households. We obtain the following results by applying the split population duration (SPD) model: (1) unemployment risk, as proxied by the probability of unemployment,...

This paper empirically examines the relationship between income risk and mortgage instrument choice among Japanese households. Since theoretical predictions about the impact of income risks on mortgage choice are mixed, it is important to investigate empirically whether or not risky households...

"In recent years there appeared numerous articles about best suited methods to estimate income distributions and polarisation tendencies. The Austrian census data 1989-1999 corroborate findings that summary statistics like dispersion or Gini remain rather stable over time when evaluated for the...

ERES:conference

In various survey data, the tenants report the spell from past entry to the current date. Although that gives useful information about the mobility pattern, it does not provide any immediate forecast how long the tenants will stay in the future or eventually remain in probability. Information of...

Using marine resources in a healthy and sustainable manner is at the center of building a blue economy that will make "Sustainable Development Goal 14: Life Below Water" achievable. Fisheries and aquaculture sectors alone provide employment for and support the livelihoods of more than 200...