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Who invests in home equity to exempt wealth from bankruptcy?
Corradin, Stefano; Gropp, Reint; Huizinga, Harry - 2011
Homestead exemptions to personal bankruptcy allow households to retain their home equity up to a limit determined at the state level. Households that may experience bankruptcy thus have an incentive to bias their portfolios towards home equity. Using US household data from the Survey of Income...
Persistent link: https://www.econbiz.de/10009006623
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The aggregate and distributional implications of credit shocks on housing and rental markets
Castellanos, Juan; Hannon, Andrew; Paz Pardo, Gonzalo - 2024
mitigate house price growth but increase rents. Homeownership rates drop, and young and middle-income households are negatively …
Persistent link: https://www.econbiz.de/10015176845
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Housing, consumption and monetary policy : how different are the US and the euro area?
Musso, Alberto; Neri, Stefano; Stracca, Livio - 2010
The paper provides a systematic empirical analysis of the role of the housing market in the macroeconomy in the US and in the euro area. First, it establishes some stylised facts concerning key variables in the housing market, such as the real house price, residential investment and mortgage...
Persistent link: https://www.econbiz.de/10003971203
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Relative house price dynamics across euro area and US cities: convergence or divergence?
Hiebert, Paul; Roma, Moreno - 2010
This paper examines the time varying dispersion in city house price levels across the four biggest euro area countries compared with those in the United States. Using available city-level data over the period 1987-2008, it tests for price convergence and analyses key factors explaining price...
Persistent link: https://www.econbiz.de/10003973532
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House prices, home equity and entrepreneurships
Corradin, Stefano; Popov, Alexander - 2013
Persistent link: https://www.econbiz.de/10009766423
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Household wealth in the euro area : the importance of intergenerational transfers, homeownership and house price dynamics
Mathä, Thomas; Porpiglia, Alessandro; Ziegelmeyer, Michael - 2014
Persistent link: https://www.econbiz.de/10010381987
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Housing wealth across countries : the role of expectations, institutions and preferences
Le Blanc, Julia; Slacalek, Jirka; White, Matthew N. - 2025
Homeownership rates and holdings of housing wealth differ immensely across countries. Using micro data from five … renting and owning a house. We use the model to decompose the cross-country differences in the homeownership rate and the … homeownership rates are strongly affected by (i) house price beliefs and (ii) the rental wedge, the difference between rents and …
Persistent link: https://www.econbiz.de/10015338136
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Monetary policy, housing booms and financial (im)balances
Eickmeier, Sandra; Hofmann, Boris - 2010
This paper uses a factor-augmented vector autoregressive model (FAVAR) estimated on U.S. data in order to analyze monetary transmission via private sector balance sheets, credit risk spreads and asset markets in an integrated setup and to explore the role of monetary policy in the three...
Persistent link: https://www.econbiz.de/10003972695
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Leveraged property cycles
Jaccard, Ivan - 2021
This paper studies the effects of imperfect risk-sharing between lenders and borrowers on commercial property prices and leverage. The key friction is that agents use different discount rates to evaluate future flows. Eliminating this pecuniary externality generates large reductions in the...
Persistent link: https://www.econbiz.de/10012503550
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Borrowing constraints, own labour and homeownership : does it pay to paint your walls?
Lindner, Peter; Mathä, Thomas; Pulina, Giuseppe; … - 2020
Using a dedicated set of questions in the 2014 Luxembourg Household Finance and Consumption Survey (LU-HFCS), we show that a substantial share of households contributes their own labour to the acquisition of their main residence. These contributions help households faced with credit constraints,...
Persistent link: https://www.econbiz.de/10012299081