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 …

Long-term fixed-rate mortgage contracts protect households against interest rate risk, yet most countries have … fixation length tracks the life-cycle decline of credit risk in the mortgage market: the loan-to-value (LTV) ratio decreases … fixation choice. With baseline house price growth and interest rate risk, households prefer shorter-term contracts at high LTV …

, including a push for homeownership as the normalized tenure and a commodity unto itself. Scholars suggest this push for … homeownership is part and parcel of a neoliberal asset-based welfare to supplement, or even outright replace, traditionally defined … benefit pension schemes. These policies individualize risk and re-fashion individual citizens as long-term financial planners …

or long-term unemployment, may occur during working years. Personal disaster risk alters lifetime ex-ante investment … characterizes rare disasters, results in lower risk-taking at the beginning of working life, and is crucial in order to match the …

To effectively cope with an unexpected, large, and negative income shock, I propose a life-cycle model for income risk … generalizing the Arrow-Debreu price with income risk premium …

or long-term unemployment, may occur during working years. Personal disaster risk alters lifetime ex-ante investment … characterizes rare disasters, results in lower risk-taking at the beginning of working life, and is crucial in order to match the …

smoothing and precautionary behaviour associated with the main pandemic waves and recurrent outbreak risk in a model in which … health and wealth are jointly determined under income and health risk that are related to disease outbreak risk. We calibrate … the model to the UK and find that the impact shock of COVID-19 and recurrent outbreak risk amplify existing inequalities …

Financial risk and longevity risk are the main risks affecting pension income. This paper analyses gender differences … related to how financial risk taking and survival expectations are correlated. We analyse data from the “Survey of Health …, Ageing and Retirement in Europe” (SHARE) database and find a significant gender gap in self-assessed risk tolerance …