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On the Negative Relationship between Labor Income Uncertainty and Homeownership : Risk Aversion vs. Credit Constraints

Diaz-Serrano, Luis - 2004

Barriers to homeownership have traditionally been an important research and policy issue. In particular, the role of … income uncertainty and credit constraints exert a significant negative effect on the probability of homeownership. Our main …

Persistent link: https://www.econbiz.de/10010261962

Income Volatility and Residential Mortgage Delinquency : Evidence from 12 EU Countries

Diaz-Serrano, Luis - 2004

We investigate the socio-economic determinants of mortgage delinquency in 12 EU countries and observe that income volatility significantly increases the mortgage delinquency risk. This pattern even holds for borrowers with higher-income profiles if volatility in income is high enough. From this...

Persistent link: https://www.econbiz.de/10010262138

Homeownership, social capital and parental voice in schooling

Grimes, Arthur; Stillman, Steven; Young, Chris - 2011

homeownership experience high parental voting turnout in elections. We also investigate whether homeownership influences the … associations between homeownership and state-ownership rates and outcome variables. Our findings show no discernible effect of … homeownership on parental voting turnout in school elections after controls are added (contrary to the simple positive association …

Persistent link: https://www.econbiz.de/10010286880

Minority and immigrant homeownership experience: Evidence from the 2009 American Housing Survey

Mundra, Kusum - 2013

homeownership experience during the recent housing boom and housing bust was not homogenous across all groups in the U.S. The recent … deterioration of underwriting practices and a boom in mortgage lending did not benefit minorities and immigrant homeownership in the … U.S. Blacks experienced significantly lower increase in homeownership than the whites but highest exit from …

Persistent link: https://www.econbiz.de/10010291348

The effect of school construction on test scores, school enrollment, and home prices

Neilson, Christopher; Zimmerman, Seth - 2011

This paper provides new evidence on the effect of school construction projects on home prices, academic achievement, and public school enrollment. Taking advantage of the staggered implementation of a comprehensive school construction project in a poor urban district, we find that, by six years...

Persistent link: https://www.econbiz.de/10010282353

Valuing school quality via a school choice reform

Machin, Stephen; Salvanes, Kjell G. - 2010

Among policymakers, educators and economists there remains a strong, sometimes heated, debate on the extent to which good schools matter. This is seen, for instance, in the strong trend towards establishing accountability systems in education in many countries across the world. In this paper, in...

Persistent link: https://www.econbiz.de/10010269399

Neighborhood diversity and the appreciation of native- and immigrant-owned homes

Cobb-Clark, Deborah A.; Sinning, Mathias G. - 2009

This paper examines the effect of neighborhood diversity on the nativity gap in home-value appreciation in Australia. Specifically, immigrant homeowners experienced a 41.7 percent increase in median home values between 2001 and 2006, while the median value of housing owned by the native-born...

Persistent link: https://www.econbiz.de/10010271300

Housing mobility and downsizing at older ages in Britain and the United States

Banks, James; Blundell, Richard; Oldfield, Zoë; Smith, … - 2010

This paper investigates the effects of housing price risk on housing choices over the lifecycle. Housing price risk can be substantial but, unlike other risky assets which people can avoid, the fact that most people will eventually own their home creates an insurance demand for housing assets...

Persistent link: https://www.econbiz.de/10010274602

House price volatility and the housing ladder

Banks, James; Blundell, Richard; Oldfield, Zoë; Smith, … - 2010

Persistent link: https://www.econbiz.de/10010274692

Shifting Perspectives in Pensions

Góra, Marek; Palmer, Edward - 2004

This paper addresses the questions of what is an economically efficient pension system, what are the externalities and … conclusion is that NDC is neutral in terms of externalities. It manages the risks and eliminates the negative externalities …

Persistent link: https://www.econbiz.de/10010262119