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dc.contributor.authorSchulz, Raineren_US
dc.contributor.authorWersing, Martinen_US
dc.contributor.authorWerwatz, Axelen_US
dc.date.accessioned2009-12-08en_US
dc.date.accessioned2010-08-26T11:57:00Z-
dc.date.available2010-08-26T11:57:00Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/39309-
dc.description.abstractIn 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.isoengen_US
dc.publisherSFB 649, Economic Risk Berlinen_US
dc.relation.ispartofseriesSFB 649 discussion paper 2009,060en_US
dc.subject.jelR21en_US
dc.subject.jelG11en_US
dc.subject.jelJ24en_US
dc.subject.jelC25en_US
dc.subject.ddc330en_US
dc.subject.keywordTenure mode choiceen_US
dc.subject.keywordbackground risken_US
dc.subject.keywordhousehold mobilityen_US
dc.subject.stwBesitzformwahlen_US
dc.subject.stwWohnungswechselen_US
dc.subject.stwHaushaltseinkommenen_US
dc.subject.stwRisikoen_US
dc.subject.stwBinnenwanderungen_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.titleRenting versus owning and the role of income risk: The case of Germanyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn614460182en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:SFB 649 Discussion Papers, HU Berlin

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