Arbeitspapier
Home Ownership and Household Portfolio Choice
We study the effect of home equity and indebtedness on financial portfolio choices of Dutch households during the period 2006-2012. Using a large administrative dataset at the household level we estimate how home equity and the outstanding mortgage amount influence the share of liquid assets held in stocks. We apply different econometric methods to take selection and endogeneity into account. In our preferred specifications both home equity and the household’s amount of mortgage debt have a non-significant impact on the risky asset share.
- Sprache
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Englisch
- Erschienen in
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Series: CESifo Working Paper ; No. 5705
- Klassifikation
-
Wirtschaft
Portfolio Choice; Investment Decisions
Household Saving; Personal Finance
Housing Supply and Markets
- Thema
-
portfolio choice
house price shocks
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Michielsen, Thomas
Mocking, Remco
van Veldhuizen, Sander
- Ereignis
-
Veröffentlichung
- (wer)
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Center for Economic Studies and ifo Institute (CESifo)
- (wo)
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Munich
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:41 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Michielsen, Thomas
- Mocking, Remco
- van Veldhuizen, Sander
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2016