| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11656 |
| DP11656 Identifying the Benefits from Home Ownership: A Swedish Experiment | |
| Stijn Van Nieuwerburgh; Roine Vestman | |
| 发表日期 | 2016-11-23 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | This paper studies the economic benefits of home ownership. Exploiting a quasi-experiment surrounding privatization decisions of municipally-owned apartment buildings, we obtain random variation in home ownership for otherwise similar buildings with similar tenants. We link the tenants to their tax records to obtain information on demographics, income, mobility patterns, housing wealth, financial wealth, and debt. These data allow us to construct high-quality measures of consumption expenditures. Home ownership causes households to move up the housing ladder, work harder, and save more. Consumption increases out of housing wealth are concentrated among the home owners who sell subsequent to privatization and among those who receive negative income shocks, evidencing a collateral effect. |
| 主题 | Financial Economics |
| 关键词 | Home ownership Housing wealth Mpc Collateral effect Mobility |
| URL | https://cepr.org/publications/dp11656 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540470 |
| 推荐引用方式 GB/T 7714 | Stijn Van Nieuwerburgh,Roine Vestman. DP11656 Identifying the Benefits from Home Ownership: A Swedish Experiment. 2016. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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