Consumption and Investment Motives in Housing Wealth Accumulation of Spanish Households

2010 ◽  
Author(s):  
Luc Arrondel ◽  
Nuria Badenes ◽  
Amedeo Spadaro
Keyword(s):  
Wealth Accumulation ◽  
Housing Wealth

scholarly journals Difference in Housing Finance Usage and Its Impact on Housing Wealth Inequality in Urban China

Land ◽  
2021 ◽  
Vol 10 (12) ◽  
pp. 1404
Author(s):  
Shan Yu ◽  
Can Cui
Keyword(s):  
Wealth Inequality ◽  
Urban China ◽  
Wealth Accumulation ◽  
Housing Wealth ◽  
Asset Accumulation ◽  
Urban Hierarchy ◽  
Household Asset ◽  
Financing Channels ◽  
Spatial Stratification

With the increasing importance of financial loans in home purchases in urban China, the role of housing loans in the accumulation of housing wealth needs to be unraveled. Using the data from the 2017 China Household Finance Survey (CHFS), this study investigates the use of housing loans and their impact on housing wealth inequality. It has been found that people with higher socioeconomic status and institutional advantages benefit more from housing provident fund loans and are more likely to fully invoke different financing channels to accumulate housing wealth. On the contrary, disadvantaged groups have to resort to costly market-based mortgages to finance their home purchases. This leads them to fall further behind in housing wealth accumulation. The spatial stratification of housing wealth accompanying the urban hierarchy was also observed and found to be closely linked to the type of housing loans. In this increasingly financialized era, relying on financial instruments in the process of household asset accumulation may further amplify the existing wealth inequality among social groups.

scholarly journals Housing wealth accumulation: The role of public housing

2016 ◽  
Vol 57 ◽  
pp. 12-22 ◽  
Author(s):  
Florence Goffette-Nagot ◽  
Modibo Sidibé
Keyword(s):  
Public Housing ◽  
Wealth Accumulation ◽  
Housing Wealth

scholarly journals Racial Differences in Mortgage Refinancing, Distress, and Housing Wealth Accumulation during COVID-19

2021 ◽  
Author(s):  
Kristopher Gerardi ◽  
◽  
Lauren Lambie-Hanson ◽  
Paul Willen ◽  
◽  
...  
Keyword(s):  
Racial Differences ◽  
Wealth Accumulation ◽  
Housing Wealth ◽  
Mortgage Refinancing

The Accumulation of Wealth in Marriage: Over-Time Change and Within-Couple Inequalities

2020 ◽  
Vol 36 (4) ◽  
pp. 580-593 ◽  
Author(s):  
Nicole Kapelle ◽  
Philipp M Lersch
Keyword(s):  
Fixed Effects ◽  
Panel Study ◽  
Early Years ◽  
Quality Data ◽  
Wealth Accumulation ◽  
Housing Wealth ◽  
Household Level ◽  
Wealth Inequalities ◽  
Fixed Effects Regression ◽  
Over Time

Abstract This study examines the accumulation of personal wealth of husbands and wives and investigates the development of within-couple wealth inequalities over time in marriage. Going beyond previous research that mostly studied the marriage wealth premium using household-level wealth data and that conceptualized marriage as an instantaneous transition with uniform consequences over time, we argue that entry into marriage is a gendered life-course event that dynamically shapes husbands’ and wives’ wealth accumulation. Using high-quality data from the German Socio-Economic Panel Study (2002, 2007, 2012, and 2017), we apply fixed-effects regression models to describe wealth accumulation within marriage. We find evidence that wealth premiums are lower during early years of marriage, but increase steadily thereafter. The premium is mostly concentrated in housing wealth. Results from supplementary analyses with limited data, however, suggest that the premium may not be causal for men. Regarding within-couple wealth inequalities, we find a pronounced within-couple wealth gap prior to marriage during pre-marital cohabitation. This gap remains stable over time in marriage. In contrast to findings regarding income, our study indicates that the institution of marriage may not amplify within-couple wealth inequalities further.

scholarly journals Financial Fraud Among Older Americans: Evidence and Implications

2018 ◽  
Vol 75 (4) ◽  
pp. 861-868 ◽  
Author(s):  
Marguerite DeLiema ◽  
Martha Deevy ◽  
Annamaria Lusardi ◽  
Olivia S Mitchell
Keyword(s):  
Risk Factors ◽  
Financial Literacy ◽  
Financial Services ◽  
Wealth Accumulation ◽  
Housing Wealth ◽  
Data Set ◽  
Older Americans ◽  
Symptoms Of Depression ◽  
Prospective Risk ◽  
Investment Fraud

Abstract Objectives The consequences of poor financial capability at older ages are serious and include making mistakes with credit, spending retirement assets too quickly, and being defrauded by financial predators. Because older persons are at or past the peak of their wealth accumulation, they are often the targets of fraud. Methods Our project analyzes a module we developed and fielded on people aged 50 an older years in the 2016 Health and Retirement Study (HRS). Using this data set, we evaluated the incidence and prospective risk factors (measured in 2010) for investment fraud and prize/lottery fraud using logistic regression (N = 1,220). Results Relatively few HRS respondents mentioned any single form of fraud over the prior 5 years, but 5.0% reported at least one form of investment fraud and 4.4% recounted prize/lottery fraud. Greater wealth (nonhousing) was associated with investment fraud, whereas lower housing wealth and symptoms of depression were associated with prize/lottery fraud. Hispanics were significantly less likely to report either type of fraud. Other suspected risk factors—low social integration and financial literacy—were not significant. Discussion Fraud is a complex phenomenon and no single factor uniquely predicts victimization across different types, even within the category of investment fraud. Prevention programs should educate consumers about various types of fraud and increase awareness among financial services professionals.

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