|Ebner, André (January 2010): A micro view on home equity withdrawal and its determinants. Evidence from Dutch households. Discussion Papers in Economics 2010-2|
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.
|Item Type:||Paper (Discussion Paper)|
|Keywords:||home equity withdrawal, Dutch housing market, consumption models|
Economics > Munich Discussion Papers in Economics
Economics > Munich Discussion Papers in Economics > Micro-Economics
|Subjects:||300 Social sciences > 300 Social sciences, sociology and anthropology|
300 Social sciences > 330 Economics
|JEL Classification:||D1, D9, E2, E4, G2|
|Deposited On:||13. Jan 2010 10:55|
|Last Modified:||11. Feb 2015 21:45|
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