Housing wealth and fertility: evidence from China

2021 ◽  
Author(s):  
Hong Liu ◽  
Lili Liu ◽  
Fei Wang
Keyword(s):  
Housing Wealth

Housing, Wealth Composition and Expected Stock Return

2012 ◽  
Author(s):  
Daxuan Zhao ◽  
Tien Foo Sing
Keyword(s):  
Stock Return ◽  
Housing Wealth

School Catchment Zone Mergers and Housing Wealth Redistribution

2021 ◽  
pp. 0739456X2110067
Author(s):  
Siu Kei Wong ◽  
Kuang Kuang Deng
Keyword(s):  
School Quality ◽  
Housing Prices ◽  
Estimation Method ◽  
Policy Implications ◽  
Housing Wealth ◽  
Housing Values ◽  
Wealth Redistribution ◽  
The Government ◽  
Empirical Design

This study investigates how perceived school quality affects housing values, using a new estimation method. Our empirical design takes advantage of the mergers of school catchment zones initiated by the government to develop quasi-experiments. We find that, in zones that gained sudden access to higher ranked schools, housing prices increased by 1.3 to 4.1 percent. Larger and more expensive houses appreciated more in response to the improvement in perceived quality of available schools. The findings generate important policy implications regarding housing wealth redistribution and housing expenditures among different households. The study also enriches the literature on the capitalization effect of school quality.

What Drove Housing Wealth Inequality in China?

2021 ◽  
Vol 29 (1) ◽  
pp. 32-60
Author(s):  
Guanghua Wan ◽  
Chen Wang ◽  
Yu Wu
Keyword(s):  
Wealth Inequality ◽  
Housing Wealth

scholarly journals Housing wealth, mortgages and Australians’ labour force participation in later life

Urban Studies ◽  
2021 ◽  
pp. 004209802110265
Author(s):  
Rachel Ong ◽  
Gavin A Wood ◽  
Melek Cigdem
Keyword(s):  
Household Income ◽  
House Prices ◽  
Labour Force ◽  
Housing Markets ◽  
Later Life ◽  
Labour Force Participation ◽  
Urban Housing ◽  
Housing Wealth ◽  
Working Lives ◽  
Imputed Rent

In the life cycle model of consumption and saving, homeownership is an important vehicle for horizontal redistribution. Households accumulate wealth in owner-occupied housing during working lives before benefiting from imputed rent streams in retirement. But in some countries housing wealth’s welfare role has broadened as owners increasingly use flexible mortgages to smooth consumption during working lives. One consequence is higher outstanding mortgages later in life, a burden exacerbated by high real house prices that compel home buyers to demand mortgages that are a growing multiple of their incomes. We investigate whether these developments are prompting longer working lives, an idea that is especially relevant in countries offering relatively low government pensions. Australia is one such country. We use the 2001–2017 panels of the Household, Income and Labour Dynamics in Australia Survey to estimate hazard models of exits from the Australian labour force as workers approach pensionable age. We find that those with high outstanding mortgage debts are more likely to postpone retirement, as are those with relatively low amounts of private pension wealth. These results are stronger in urban housing markets, and especially among males.

scholarly journals The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk Sharing in General Equilibrium

2017 ◽  
Vol 125 (1) ◽  
pp. 140-223 ◽  
Author(s):  
Jack Favilukis ◽  
Sydney C. Ludvigson ◽  
Stijn Van Nieuwerburgh
Keyword(s):  
General Equilibrium ◽  
Risk Sharing ◽  
Housing Finance ◽  
Housing Wealth ◽  
Macroeconomic Effects
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