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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Diaz-Serrano, Luis | en |
dc.date.accessioned | 2009-01-28T16:12:40Z | - |
dc.date.available | 2009-01-28T16:12:40Z | - |
dc.date.issued | 2004 | - |
dc.identifier.uri | http://hdl.handle.net/10419/20243 | - |
dc.description.abstract | In this paper we investigate the effect of labour income uncertainty on the probability of homeownership in Germany and Spain. This study is motivated by two facts. Firstly, theoreticalmodels provide ambiguous results in this issue. Secondly, there is limited previous empiricalevidence and the existing focuses exclusively on the US housing market. We claim that moreinternational evidence is necessary. To carry out this test we propose an income uncertaintymeasure based on panel data labour income equations. We observe that households facingincreasing income uncertainty display preference for renting while those receiving positivetransitory shocks in earnings tend to allocate them in property housing consumption. We alsointroduce the concept of ?skewness affection? as a relevant phenomenon in the housingtenure decisions. Income uncertainty analysis in housing decisions has important implicationsin the design of housing public policies and also in the design of mortgage insuranceproducts. | en |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x1008 | en |
dc.subject.jel | D1 | en |
dc.subject.jel | J0 | en |
dc.subject.jel | R0 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | risk aversion | en |
dc.subject.keyword | skewness affection | en |
dc.subject.keyword | home ownership | en |
dc.subject.keyword | labour income uncertainty | en |
dc.subject.keyword | income shocks | en |
dc.subject.stw | Lohn | en |
dc.subject.stw | Risiko | en |
dc.subject.stw | Wohneigentum | en |
dc.subject.stw | Risikoaversion | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Deutschland | en |
dc.subject.stw | Spanien | en |
dc.title | Labour Income Uncertainty, Risk Aversion and Home Ownership | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 378733788 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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