Using a dedicated set of questions in the 2014 Luxembourg Household Finance and Consumption Survey (LU-HFCS), we show … increase with the mortgage interest rate. These theoretical results are supported by empirical analysis, which also shows that … own labour contributions vary by household characteristics (age, gender, profession) and by type of dwelling (house …

Using a dedicated set of questions in the 2014 Luxembourg Household Finance and Consumption Survey (LU-HFCS), we show … increase with the mortgage interest rate. These theoretical results are supported by empirical analysis, which also shows that … own labour contributions vary by household characteristics (age, gender, profession) and by type of dwelling (house …

Using a monthly panel dataset of individuals' debt composition including mortgage and nonmortgage consumer credit, we … homeowners reoptimize their debt structure by using withdrawn home equity to pay down comparatively expensive short-term non-mortgage …

This paper examines how family housing wealth affects homeownership transitions during divergent periods of credit …, larger transfer amounts, and an increased likelihood of transitioning to homeownership during the housing bust, but not … more for home purchases when there are barriers to formal channels of mortgage borrowing …