Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/104316
Authors: 
Ebner, André
Year of Publication: 
2010
Series/Report no.: 
Munich Discussion Paper 2010-2
Abstract: 
Home equity is the most important part of a household portfolio, but only recently has it become more accessible through innovations in the mortgage market and financial deregulation. This study looks at the factors driving home equity withdrawal on a household level using Dutch survey data and assesses to which degree different theoretical predictions can be empirically supported. There is little evidence that equity withdrawal is used as a buffer against adverse income shocks, with financial motives and life-cycle effects likely to dominate a household’s decision. Finally, the study provides first evidence of the impact of changing supply side conditions on home equity withdrawal.
Subjects: 
home equity withdrawal
Dutch housing market
consumption models
JEL: 
D1
D9
E2
E4
G2
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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