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Author : Donald R. Haurin
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (791 download)
Download or read book The Savings Behavior, Borrowing Constraints, and Tenure Choice of Young Households written by Donald R. Haurin and published by . This book was released on 1996 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Donald R. Haurin
Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (129 download)
Download or read book Borrowing Constraints and the Tenure Choice of Young Households written by Donald R. Haurin and published by . This book was released on 2012 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we analyze the factors that affect the tenure choice of young adults, highlighting the impact of mortgage lender imposed borrowing constraints. The data set is a panel of youth age 20-33 for the years 1985-90. Our methods differ from most prior studies in many ways including consideration of possible sample selection bias, a richer model of the stochastic error structure, better measurement of which households are bound by borrowing constraints, and a fuller consideration of the endogeneity of wealth and income. Once all changes are implemented, we find ownership tendencies to be quite sensitive to economic variables. Specifically, potential earnings, the relative cost of owning a home, and especially borrowing constraints affect the tendency to own a home. In our sample of youth, 37% of households are constrained even after choosing their loan-to-value ratio to minimize the impact of the separate wealth and income requirements. The constraints reduce the probability of ownership of these households by 10 to 20 percentage points (a third to a half) depending on the particular characteristics of the household.
Download or read book Borrowing Constraints and the Tenure Choice of Young Households written by and published by . This book was released on 1996 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Donald R. Haurin
Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.:/5 (99 download)
Download or read book Borrowing Constraints and the Tenure of Young Households written by Donald R. Haurin and published by . This book was released on 1996 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Gary V. Engelhardt
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)
Download or read book Intergenerational Transfers, Borrowing Constraints, and Saving Behavior written by Gary V. Engelhardt and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the effects of intergenerational transfers on saving behavior by examining private wealth transfers targeted toward first-time home purchases. The study of transfer behavior in the housing market is advantageous for a number of reasons: the down payment requirement associated with home purchase can be thought of as an important, well-defined borrowing constraint that most U.S. households face; private wealth transfers targeted to home purchases are significant; and home equity is a highly important component of household wealth in the United States. The empirical analysis shows that transfer recipients have a saving rate that is lower than that of non-recipients by as much as 6 percentage points, representing a reduction of 39 to 49 percent in the household saving rate. In addition, households that receive transfers reduce the time required to save for the down payment by 22 percent. For each dollar of transfer received, households increase the dollar amount of the down payment by about 85 cents, allowing them to achieve a higher down payment threshold. Households also increase the value of the home purchased upon receiving a transfer, but by an amount that is much lower than would be possible if the transfer were fully leveraged. The amount of the transfer appears to be targeted to help households achieve certain down payment thresholds that give favorable terms on mortgages. Although the evidence suggests that the availability of a transfer reduces household savings, we cannot reject the alternative hypothesis that transfer recipients are inherently low savers.
Author : Angus Deaton
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (29 download)
Download or read book Saving and Liquidity Constraints written by Angus Deaton and published by . This book was released on 1989 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Somik V. Lall
Publisher : Springer Science & Business Media
ISBN 13 : 1402088620
Total Pages : 434 pages
Book Rating : 4.4/5 (2 download)
Download or read book Urban Land Markets written by Somik V. Lall and published by Springer Science & Business Media. This book was released on 2009-10-07 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: As urbanization progresses at a remarkable pace, policy makers and analysts come to understand and agree on key features that will make this process more efficient and inclusive, leading to gains in the welfare of citizens. Drawing on insights from economic geography and two centuries of experience in developed countries, the World Bank’s World Development Report 2009: Reshaping Economic Geography emphasizes key aspects that are fundamental to ensuring an efficient rural-urban transformation. Critical among these are land, as the most important resource, and well-functioning land markets. Regardless of the stage of urbanization, flexible and forward-looking institu- ons that help the efficient functioning of land markets are the bedrock of succe- ful urbanization strategies. In particular, institutional arrangements for allocating land rights and for managing and regulating land use have significant implica- ons for how cities deliver agglomeration economies and improve the welfare of their residents. Property rights, well-functioning land markets, and the management and servicing of land required to accommodate urban expansion and provide trunk infrastructure are all topics that arise as regions progress from incipient urbani- tion to medium and high density.
Author : Sumit Agarwal
Publisher : Springer Nature
ISBN 13 : 9811555265
Total Pages : 352 pages
Book Rating : 4.8/5 (115 download)
Download or read book Household Finance written by Sumit Agarwal and published by Springer Nature. This book was released on 2020-10-07 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Household finance studies is a relatively recent field, exploring a growing understanding of how households make financial decisions relating to the functions of consumption, payment, risk management, borrowing and investing; how institutions provide goods and services to satisfy these financial functions of households; and how interventions by firms, governments and other parties affect the provision of financial services. This timely book analyses existing findings about household behavior as well as findings related to policy interventions. With international case studies, this book reviews a topic of global importance and brings a crucial up-to-date survey of the field for researchers and postgraduate students.
Author : Angus Deaton
Publisher : Oxford University Press
ISBN 13 : 9780198288244
Total Pages : 260 pages
Book Rating : 4.2/5 (882 download)
Download or read book Understanding Consumption written by Angus Deaton and published by Oxford University Press. This book was released on 1992 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: An overview of the saving and consumption patterns of households
Author :
Publisher : Elsevier
ISBN 13 : 0444633898
Total Pages : 748 pages
Book Rating : 4.4/5 (446 download)
Download or read book Handbook of Behavioral Economics - Foundations and Applications 1 written by and published by Elsevier. This book was released on 2018-09-27 with total page 748 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Behavioral Economics: Foundations and Applications presents the concepts and tools of behavioral economics. Its authors are all economists who share a belief that the objective of behavioral economics is to enrich, rather than to destroy or replace, standard economics. They provide authoritative perspectives on the value to economic inquiry of insights gained from psychology. Specific chapters in this first volume cover reference-dependent preferences, asset markets, household finance, corporate finance, public economics, industrial organization, and structural behavioural economics. This Handbook provides authoritative summaries by experts in respective subfields regarding where behavioral economics has been; what it has so far accomplished; and its promise for the future. This taking-stock is just what Behavioral Economics needs at this stage of its so-far successful career. Helps academic and non-academic economists understand recent, rapid changes in theoretical and empirical advances within behavioral economics Designed for economists already convinced of the benefits of behavioral economics and mainstream economists who feel threatened by new developments in behavioral economics Written for those who wish to become quickly acquainted with behavioral economics
Author : Nicolas P. Retsinas
Publisher : Brookings Institution Press
ISBN 13 : 9780815706038
Total Pages : 524 pages
Book Rating : 4.7/5 (6 download)
Download or read book Low-Income Homeownership written by Nicolas P. Retsinas and published by Brookings Institution Press. This book was released on 2004-05-28 with total page 524 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Brookings Institution Press and Harvard University Joint Center for Housing Studies publication A generation ago little attention was focused on low-income homeownership. Today homeownership rates among under-served groups, including low-income households and minorities, have risen to record levels. These groups are no longer at the margin of the housing market; they have benefited from more flexible underwriting standards and greater access to credit. However, there is still a racial/ethnic gap and the homeownership rates of minority and low-income households are still well below the national average. This volume gathers the observations of housing experts on low-income homeownership and its effects on households and communities. The book is divided into five chapters which focus on the following subjects: homeownership trends in the 1990s; overcoming borrower constraints; financial returns to low-income homeowners; low-income loan performance; and the socioeconomic impact of homeownership.
Author : Nandini Chatterjee
Publisher :
ISBN 13 :
Total Pages : 115 pages
Book Rating : 4.:/5 (19 download)
Download or read book Borrowing Constraints written by Nandini Chatterjee and published by . This book was released on 2004 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David F Clapham
Publisher : SAGE
ISBN 13 : 1473971357
Total Pages : 710 pages
Book Rating : 4.4/5 (739 download)
Download or read book The SAGE Handbook of Housing Studies written by David F Clapham and published by SAGE. This book was released on 2012-04-20 with total page 710 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cross-disciplinary and critical in its approach, The SAGE Handbook of Housing Studies is an elucidating look at the key issues within the field. It covers the study of housing retrospectively, but also analyses the future directions of research and theory, demonstrating how it can contribute to wider debates in the social sciences. A comprehensive introductory chapter is followed by four parts offering complete coverage of the area: Markets: examines the perception of housing markets, how they function in different contexts, and the importance of housing behaviour and neighbourhoods Approaches: looks at how other disciplines - economics, geography, and sociology - have informed the direction of housing studies Context: traces the interactions between housing studies and other aspects of society, providing context to debate housing through issues of space, social, welfare and the environment. Policy: is a multi-disciplinary and comprehensive take on the major policy issues and the causes and possible solutions of housing problems such as regeneration and homelessness. Edited by leading names in the field and including international contributions, the book is a stimulating, wide-ranging read that will be an invaluable resource for academics and researchers in geography, urban studies, sociology, social policy, economics and politics.
Author : Paul S. Calem
Publisher :
ISBN 13 :
Total Pages : 43 pages
Book Rating : 4.:/5 (129 download)
Download or read book Credit Impairment and Housing Tenure Choice written by Paul S. Calem and published by . This book was released on 2012 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze the relationship between underwriting standards and low-income homeownership rates using the 1979 National Longitudinal Survey of Youth. The survey respondents are a nationally representative sample of Americans mostly 40-48 years of age as of the most recent wave of the survey in 2004. Past research has identified credit impairment, wealth constraints, and income constraints as finance-related barriers to homeownership. Using a model of tenure choice, we find that absent all three constraints, the homeownership rate of low-income households in our sample would increase from 52.5 to 59.3 percent. Approximately half of this differential is attributable to households with impaired credit and those with 'thin-file status,' the lack of a substantial credit history.
Author : Jiayuan Wang
Publisher : Springer Science & Business Media
ISBN 13 : 364235548X
Total Pages : 1270 pages
Book Rating : 4.6/5 (423 download)
Download or read book Proceedings of the 17th International Symposium on Advancement of Construction Management and Real Estate written by Jiayuan Wang and published by Springer Science & Business Media. This book was released on 2013-08-16 with total page 1270 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Chinese Research Institute of Construction Management (CRIOCM) in collaboration with Shenzhen University (SZU) proudly invites all academics, researchers and professionals to participate in the CRIOCM 2012, the 17th International Symposium on "Advancement of Construction Management and Real Estate." We will uphold and preserve the idea and tradition of pragmatism and innovation, to offer an excellent academic and communication platform for academics and professionals to exchange information on the latest developments in real estate and construction management.
Author : Shubham Chaudhuri
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Forward-Looking Behavior, Precautionary Savings, and Borrowing Constraints in a Poor, Agrarian Economy written by Shubham Chaudhuri and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Households in many poor, agrarian economies derive their income from rain-dependent agriculture. This dependence raises the possibility that,from rainfall patterns early on in the crop-cycle, households accumulate information about future cash inflows (e.g., harvests) before the cashflows are realized. Using detailed longitudinal data from three villages in India,this paper explores whether households utilize this information in the ways suggested by modern consumption theories. Two of the central hypotheses suggested by these theories are that households are forward-looking in their consumption behavior and react optimally to the receipt of information; and that in the face of uncertainty about future incomes, households engage in recautionary saving. The basic challenge in implementing tests of these hypotheses has been to find empirical measures of the 'news' that households receive, and the uncertainty they face. I show that, in the villages I study, rainfall patterns provide good proxies from which such measures might be constructed. I exploit this fact to test for precautionary saving and forward-looking behavior. I find that precautionary saving and forward-looking behavior do not, by themselves, fully explain the observed consumption patterns. However, when I explicitly incorporate the possibility of binding borrowing constraints into the testing strategy, I obtain fairly strong support for the joint hypothesis of precautionary saving and forward-looking behavior in the presence of borrowing constraints.
Author : Markus Moos
Publisher : Edward Elgar Publishing
ISBN 13 : 1788116518
Total Pages : 256 pages
Book Rating : 4.7/5 (881 download)
Download or read book A Research Agenda for Housing written by Markus Moos and published by Edward Elgar Publishing. This book was released on 2019 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Housing is one of the most pertinent issues of our time. Shaped by rapid urbanization, financialization, and various changes in demography, technology, political ideology and public policy, the provision of affordable, adequate, and suitable housing has become an increasingly challenging feat. From high-rise apartment towers constructed in global cities around the world to informal settlements rapidly expanding across the global south, this volume focuses on how political, economic, and societal changes are shaping housing in a variety of contexts.
