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Borrowing Constraints, Own Labour and Homeownership : Does it Pay to Paint Your Walls?
Lindner, Peter; Mathä, Thomas; Pulina, Giuseppe; … - 2021
increase with the mortgage interest rate. These theoretical results are supported by empirical analysis, which also shows that …
Persistent link: https://www.econbiz.de/10013315282
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House Prices, Home Equity and Entrepreneurships
Corradin, Stefano - 2013
How does home ownership affect new business creation? We develop a model of career choice in the presence of liquidity constraints in which shocks to the value of real estate affect the propensity of potential entrepreneurs to borrow against the value of their property. Using a large US...
Persistent link: https://www.econbiz.de/10013082537
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Mortgage Indebtedness and Household Financial Distress
Georgarakos, Dimitris - 2010
towards mortgage indebtedness. We find that a given debt burden creates much higher distress in countries with fewer mortgage … holders relative to countries where a significant part of households uses mortgage debt. This effect is net of ppp …
Persistent link: https://www.econbiz.de/10013147952
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Consumption and Initial Mortgage Conditions : Evidence from Survey Data
Masier, Giacomo - 2011
consumption path of credit constrained homeowners is determined by the size and timing of payments (mortgage maturity). We exploit … the rapid expansion of mortgage markets during the last decade in Spain and a very detailed survey on household finances … consumption of households headed by an individual with high school responds more to mortgage maturity than to the interest rate …
Persistent link: https://www.econbiz.de/10013130154
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Liquidity constraints and demand for maturity the case of mortgages
Ferrari, Alessandro; Loseto, Marco - 2023
Using administrative data on mortgages issued in Italy between 2018 and 2019, this paper estimates loan demand elasticities to maturity and interest rate. We find that households are responsive to both contract terms: a 1% decrease in interest rate increases the average loan size by 0.22%...
Persistent link: https://www.econbiz.de/10014543625
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Borrowing constraints, own labour and homeownership: Does it pay to paint your walls?
Lindner, Peter; Mathä, Thomas; Pulina, Giuseppe; … - 2020
increase with the mortgage interest rate. These theoretical results are supported by empirical analysis, which also shows that …
Persistent link: https://www.econbiz.de/10012422136
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Culture and Portfolios : Trust, Precautionary Savings and Home Ownership
Fleck, Johannes - 2020
This paper shows that individual beliefs on the effectiveness of formal and informal sources of risk sharing determine financial precautionary behavior. We present empirical evidence demonstrating that higher trust in public insurance systems reduces net liquid wealth while higher trust in...
Persistent link: https://www.econbiz.de/10012825354
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Mortgage indebtedness and household financial distress
Georgarakos, Dimitris; Lojschová, Adriana; … - 2010
towards mortgage indebtedness. We find that a given debt burden creates much higher distress in countries with fewer mortgage … holders relative to countries where a significant part of households uses mortgage debt. This effect is net of ppp …
Persistent link: https://www.econbiz.de/10011605202
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Who Invests in Home Equity to Exempt Wealth from Bankruptcy?
Corradin, Stefano - 2011
bankruptcy on account of unpaid medical bills. The bias is further stronger for households with mortgage finance, shorter house …
Persistent link: https://www.econbiz.de/10013126001
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Homeownership and Portfolio Choice Over the Generations
Paz Pardo, Gonzalo - 2021
reduction in homeownership across generations. Lower-income households find it harder to buy housing, and as a result accumulate …
Persistent link: https://www.econbiz.de/10013243806