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Sonderforschungsbereich 649: Ökonomisches Risiko, Humboldt-Universität Berlin >
SFB 649 Discussion Papers, HU Berlin >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/39309
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Schulz, Rainer | | en_US |
| dc.contributor.author | | Wersing, Martin | | en_US |
| dc.contributor.author | | Werwatz, Axel | | en_US |
| dc.date.accessioned | | 2009-12-08 | | en_US |
| dc.date.accessioned | | 2010-08-26T11:57:00Z | | - |
| dc.date.available | | 2010-08-26T11:57:00Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/39309 | | - |
| dc.description.abstract | | In a world with complete markets and no transactions cost, the decision whether to rent or buy a home is separate from a household's professional income risk. If markets are incomplete and have frictions, however, profession- specific income risk, regional house price risk, and mobility needs will interact and should affect the tenure mode choice. Using panel data from West Germany, we establish homogeneous profession groups and estimate their regional net income risk and regional mobility. We then examine the impact of the risk and mobility variables on the tenure mode decision at the aggregate and the individual household level. We find that the diversification potential of renting affects the tenure mode choice as do mobility needs. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | SFB 649, Economic Risk Berlin | | en_US |
| dc.relation.ispartofseries | | SFB 649 discussion paper 2009,060 | | en_US |
| dc.subject.jel | | R21 | | en_US |
| dc.subject.jel | | G11 | | en_US |
| dc.subject.jel | | J24 | | en_US |
| dc.subject.jel | | C25 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Tenure mode choice | | en_US |
| dc.subject.keyword | | background risk | | en_US |
| dc.subject.keyword | | household mobility | | en_US |
| dc.subject.stw | | Besitzformwahl | | en_US |
| dc.subject.stw | | Wohnungswechsel | | en_US |
| dc.subject.stw | | Haushaltseinkommen | | en_US |
| dc.subject.stw | | Risiko | | en_US |
| dc.subject.stw | | Binnenwanderung | | en_US |
| dc.subject.stw | | Schätzung | | en_US |
| dc.subject.stw | | Deutschland | | en_US |
| dc.title | | Renting versus owning and the role of income risk: The case of Germany | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 614460182 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | SFB 649 Discussion Papers, HU Berlin
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