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As wages in migrant sending countries catch up with those in destinations, migrants adjust on several margins, including their duration of stay, the number of migrations they undertake, as well as the amount saved while abroad. This paper combines Mexican and U.S. data to estimate a dynamic...
Persistent link: https://www.econbiz.de/10014532794
By means of examples that pertain to individual, family, and community contexts, it is shown that migration between locations is compatible with a zero expected net earnings differential between locations. The examples give rise to testable predictions that differ sharply from the predictions...
Persistent link: https://www.econbiz.de/10012504505
As wages in migrant sending countries catch up with those in destinations, migrants adjust on several margins, including their duration of stay, the number of migrations they undertake, as well as the amount saved while abroad. This paper combines Mexican and U.S. data to estimate a dynamic...
Persistent link: https://www.econbiz.de/10012882393
causal relationship from homeownership to unemployment. The literature confirms a decreasing effect of homeownership on …, there are clear indications that there is also an effect of homeownership on the search for jobs on the local labour market …
Persistent link: https://www.econbiz.de/10010325367
mitigate house price growth but increase rents. Homeownership rates drop, and young and middle-income households are negatively …
Persistent link: https://www.econbiz.de/10015199552
Homeownership rates differ widely across European countries. We document that part of this variation is driven by … homeownership rates per household, homeownership rates per individual are very similar during the first part of the life cycle. To … understand these patterns, we build an overlapping-generations model where individuals face uninsurable income risk and make …
Persistent link: https://www.econbiz.de/10014315866
Homeownership rates differ widely across European countries. We document that part of this variation is driven by … homeownership rates per household, homeownership rates per individual are very similar during the first part of the life cycle. To … understand these patterns, we build an overlapping-generations model where individuals face uninsurable income risk and make …
Persistent link: https://www.econbiz.de/10014317122
Homeownership rates differ widely across European countries. We document that part of this variation is driven by … homeownership rates per household, homeownership rates per individual are very similar during the first part of the life cycle. To … understand these patterns, we build an overlapping-generations model where individuals face uninsurable income risk and make …
Persistent link: https://www.econbiz.de/10014317123
risks in retirement. Our life cycle model captures these links in order to explain why homeownership in Germany is so low …. Our simulation results indicate that the public long-term care as well as the pension system reduce the homeownership rate …
Persistent link: https://www.econbiz.de/10012052889
payments by owner-occupiers. We build a lifecycle model with uninsurable income risk and endogenous homeownership in order to …The homeownership rate in Germany is one of the lowest among advanced economies. To better understand this fact, we … analyze the role of three specific policies which discourage homeownership in Germany: an extensive social housing sector with …
Persistent link: https://www.econbiz.de/10011777640