Saving up or settling down: Home ownership over the life cycle | Academic Article individual record
abstract

In a Bewley model with endogenous price volatility, home ownership and mobility across locations and jobs, we assess the contribution of financial constraints, housing illiquidities and house price risk to home ownership over the life cycle. The model can explain the rise in home ownership and fall in mobility over the life cycle. While some households rent due to borrowing constraints in the mortgage market, factors that affect propensities to save and move, such as risky house values and transactions costs, are equally important determinants of the ownership rate. (Copyright: Elsevier)

publication outlet

Review of Economic Dynamics

author list (cited authors)
Halket, J., & Vasudev, S
publication date
2014
publisher
Elsevier BV Publisher
keywords
  • Clinical Research
altmetric score

3.25

citation count

26

identifier
518279SE
Digital Object Identifier (DOI)
start page
345
end page
366
volume
17
issue
2