Showing 1 - 10 of 42
After three decades of being relatively constant, the homeownership rate increased over the period 1994 to 2005 to … aggregate homeownership rate ranges from 56 and 70 percent. …
Persistent link: https://www.econbiz.de/10003740842
Persistent link: https://www.econbiz.de/10009574714
Persistent link: https://www.econbiz.de/10011546487
Persistent link: https://www.econbiz.de/10011538163
Persistent link: https://www.econbiz.de/10012514911
Persistent link: https://www.econbiz.de/10003808803
Persistent link: https://www.econbiz.de/10001330172
Persistent link: https://www.econbiz.de/10010217636
Persistent link: https://www.econbiz.de/10012308566
Using a model with housing search, endogenous credit constraints, and mortgage default, this paper accounts for the housing crash from 2006 to 2011 and its implications for aggregate and cross-sectional consumption during the Great Recession. Left tail shocks to labor market uncertainty and...
Persistent link: https://www.econbiz.de/10011782612