| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22882 |
| 来源ID | Working Paper 22882 |
| Identifying the Benefits from Homeownership: A Swedish Experiment | |
| Paolo Sodini; Stijn Van Nieuwerburgh; Roine Vestman; Ulf von Lilienfeld-Toal | |
| 发表日期 | 2016-12-05 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | Homeownership is widely stimulated by policy yet its economic effects are poorly understood. We exploit quasi-random variation in homeownership generated by privatization decisions of municipally-owned buildings, and use granular data on demographics, income, housing, financial wealth, and debt that allow us to construct high-quality measures of spending. Homeownership causes wealth building via house price appreciation, increases consumption, and improves consumption smoothing across time and states of the world through a collateral effect. It increases mobility for young households, who move up the property ladder, and amplifies wealth accumulation for older households, who take more risk in their financial portfolio. |
| 主题 | Microeconomics ; Households and Firms ; Market Structure and Distribution ; Macroeconomics ; Consumption and Investment ; Financial Economics ; Portfolio Selection and Asset Pricing ; Public Economics ; Taxation ; Labor Economics ; Labor Supply and Demand ; Regional and Urban Economics |
| URL | https://www.nber.org/papers/w22882 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580556 |
| 推荐引用方式 GB/T 7714 | Paolo Sodini,Stijn Van Nieuwerburgh,Roine Vestman,et al. Identifying the Benefits from Homeownership: A Swedish Experiment. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w22882.pdf（1705KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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