Showing 1 - 10 of 600
job search with liquid wealth accumulation and consumption of housing that can be rented, bought on credit, or sold. In … using NLSY data from 1978 until 2005. We find that more relaxed housing lending conditions, particularly lower downpayment …
Persistent link: https://www.econbiz.de/10010329033
-cycle incomplete-markets model with a financial asset and housing to match the large heterogeneity of households asset portfolios … substantially across countries, and within countries by household characteristics such as age, housing tenure, and asset positions …
Persistent link: https://www.econbiz.de/10012179936
by owner-occupied housing whereas unsecured debt can be discharged according to bankruptcy regulations. We show that the …
Persistent link: https://www.econbiz.de/10010278362
job search with liquid wealth accumulation and consumption of housing that can be rented, bought on credit, or sold. In … using NLSY data from 1978 until 2005. We find that more relaxed housing lending conditions, particularly lower downpayment …
Persistent link: https://www.econbiz.de/10011212745
by owner-occupied housing whereas unsecured debt can be discharged according to bankruptcy regulations. We show that the …
Persistent link: https://www.econbiz.de/10009003472
How are the welfare costs from monopoly distributed across U.S. households? We answer this question for the U.S. credit card industry, which is highly concentrated, charges interest rates that are 3.4 to 8.8 percentage points above perfectly competitive pricing, and has repeatedly lost antitrust...
Persistent link: https://www.econbiz.de/10012180029
. The house price feeds back on itself by contributing to a liquidity effect, which operates through the value of housing in …
Persistent link: https://www.econbiz.de/10011401681
This study investigates the long-term effects of initial labor market conditions by comparing cohorts who graduated from college before, during, and after the 1997–1998 Asian financial crisis in South Korea. We measure the overall welfare effect by examining their labor market activities,...
Persistent link: https://www.econbiz.de/10012207690
In the Covid-19 crisis, most OECD countries use short-time work schemes (subsidized working time reductions) to preserve employment relationships. This paper studies whether short-time work can save jobs through stabilizing aggregate demand in recessions. We build a New Keynesian model with...
Persistent link: https://www.econbiz.de/10012597475
We use a set of empirical and analytical tools to conduct parallel analyses of involuntary part-time work and unemployment in the U.S. labor market. In the empirical analysis, we document that the similar cyclical behavior of involuntary part-time work and unemployment masks major differences in...
Persistent link: https://www.econbiz.de/10011479293