Households' heterogeneous welfare effects of using home equity for life cycle consumption
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| Tag | 1 | 2 | Valor |
|---|---|---|---|
| LDR | 00000cab a2200000 4500 | ||
| 001 | MAP20240009571 | ||
| 003 | MAP | ||
| 005 | 20240610090223.0 | ||
| 008 | 240610e20240205gbr|||p |0|||b|eng d | ||
| 040 | $aMAP$bspa$dMAP | ||
| 084 | $a921 | ||
| 245 | 1 | 0 | $aHouseholds' heterogeneous welfare effects of using home equity for life cycle consumption$cJim Been [et al.] |
| 520 | $aUsing a life-cycle model and a representative sample of households, we analyze the extent to which using home equity leads to (heterogeneity in) welfare gains over the life cycle. The most policy-feasible option to borrow against 50% of home equity over the life cycle leads to median (average) welfare gains of 7% (11%). However, we find substantial heterogeneity with half of the households facing a welfare gain between 3% and 13%. Much of this heterogeneity is explained by heterogeneity in households' income and (housing) wealth and less so by heterogeneity in their demographics or preferences for consumption smoothing and time | ||
| 650 | 4 | $0MAPA20080546915$aEconomía | |
| 650 | 4 | $0MAPA20080596453$aEstado del bienestar | |
| 650 | 4 | $0MAPA20080552961$aViviendas | |
| 700 | 1 | $0MAPA20240019365$aBeen, Jim | |
| 773 | 0 | $wMAP20210010194$g05/02/2024 Volumen 27 - 2024 , p. 15$tThe Journal of the economics of ageing $dOxford : Elsevier ScienceDirect, 2021- | |
| 856 | $uhttps://www.sciencedirect.com/science/article/pii/S2212828X23000592 |