|Ebner, André (Januar 2010): A micro view on home equity withdrawal and its determinants. Evidence from Dutch households. Münchener Wirtschaftswissenschaftliche Beiträge (VWL) 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.
|Dokumententyp:||Paper (Discussion Paper)|
|Keywords:||home equity withdrawal, Dutch housing market, consumption models|
Volkswirtschaft > Munich Discussion Papers in Economics
Volkswirtschaft > Munich Discussion Papers in Economics > Mikroökonomik
|Themengebiete:||300 Sozialwissenschaften > 300 Sozialwissenschaft, Soziologie
300 Sozialwissenschaften > 330 Wirtschaft
|JEL Classification:||D1, D9, E2, E4, G2|
|Veröffentlicht am:||13. Jan. 2010 10:55|
|Letzte Änderungen:||30. Apr. 2016 16:53|
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