Showing 1 - 10 of 1,023
This paper uses representative individual household data from Luxembourg to evaluate how severe economic conditions … could affect bank exposure to the household sector. Information on household income, expenses and liquid assets are used to … calculate household-specific probabilities of default (PD), aggregate bank exposure at default (EAD) and aggregate bank loss …
Persistent link: https://www.econbiz.de/10012889808
I propose a life-cycle model where a finitely lived risk averse agent finances her housing investment choosing to provide a down payment. After signing the mortgage contract, the agent may strategically default and move into the rental market. Risk neutral lenders efficiently price mortgages...
Persistent link: https://www.econbiz.de/10013104146
component on the Survey of Household Income and Wealth. We find that households that received the tax rebate increased their … results we then simulate an overlapping generations model of household consumption: the marginal propensity to consume …
Persistent link: https://www.econbiz.de/10012947896
This paper considers how monetary policy produces heterogeneous effects on euro area households, depending on the composition of their income and on the components of their wealth. We first review the existing evidence on how monetary policy affects income and wealth inequality. We then...
Persistent link: https://www.econbiz.de/10012913667
Earnings are riskier and more unequal for households born in the 1960s and 1980s than for those born in the 1940s. Despite the improvements in financial conditions, younger generations are less likely to be living in their own homes than older generations at the same age. By using a life-cycle...
Persistent link: https://www.econbiz.de/10013243806
Based on a Financial Almost Ideal Demand System (FAIDS), this paper investigates the wealth structure of German households. The long-run wealth elasticities and interest rate elasticities were calculated using a unique new quarterly financial accounts macro data set which covers the period from...
Persistent link: https://www.econbiz.de/10013124189
in the measurement of household welfare all material components should be covered, i.e. consumption, income and wealth … to household wealth using both survey data and financial accounts. It builds a link between wealth survey and national … household groups …
Persistent link: https://www.econbiz.de/10013072608
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 …
Persistent link: https://www.econbiz.de/10013054675
This paper compares the survey results on savings deposits and estimates on total financial assets from the Household … Finance and Consumption Survey (HFCS) in Austria with administrative records from the national accounts for the household …
Persistent link: https://www.econbiz.de/10013054679
households. We show that the value of household credit to GDP ratio depends on the lending-deposit interest rate spread …
Persistent link: https://www.econbiz.de/10013111589