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dc.contributor.authorSchulz, Raineren
dc.contributor.authorWersing, Martinen
dc.contributor.authorWerwatz, Axelen
dc.date.accessioned2009-12-08-
dc.date.accessioned2010-08-26T11:57:00Z-
dc.date.available2010-08-26T11:57:00Z-
dc.date.issued2009-
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
dc.language.isoengen
dc.publisher|aHumboldt University of Berlin, Collaborative Research Center 649 - Economic Risk |cBerlinen
dc.relation.ispartofseries|aSFB 649 Discussion Paper |x2009,060en
dc.subject.jelR21en
dc.subject.jelG11en
dc.subject.jelJ24en
dc.subject.jelC25en
dc.subject.ddc330en
dc.subject.keywordTenure mode choiceen
dc.subject.keywordbackground risken
dc.subject.keywordhousehold mobilityen
dc.subject.stwBesitzformwahlen
dc.subject.stwWohnungswechselen
dc.subject.stwHaushaltseinkommenen
dc.subject.stwRisikoen
dc.subject.stwBinnenwanderungen
dc.subject.stwSchätzungen
dc.subject.stwDeutschlanden
dc.titleRenting versus owning and the role of income risk: The case of Germany-
dc.type|aWorking Paperen
dc.identifier.ppn614460182en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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