Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/128411
Authors: 
Michielsen, Thomas
Mocking, Remco
van Veldhuizen, Sander
Year of Publication: 
2016
Series/Report no.: 
CESifo Working Paper 5705
Abstract: 
We study the effect of home equity and indebtedness on financial portfolio choices of Dutch households during the period 2006-2012. Using a large administrative dataset at the household level we estimate how home equity and the outstanding mortgage amount influence the share of liquid assets held in stocks. We apply different econometric methods to take selection and endogeneity into account. In our preferred specifications both home equity and the household’s amount of mortgage debt have a non-significant impact on the risky asset share.
Subjects: 
portfolio choice
house price shocks
JEL: 
G11
D14
R31
Document Type: 
Working Paper

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