Centro de Documentacion de Fundación MAPFRE - Households' heterogeneous welfare effects of using home equity for life cycle consumption

Notas: Sumario: Using 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 timeRegistros relacionados: En: The Journal of the economics of ageing . - Oxford : Elsevier ScienceDirect, 2021-. - 05/02/2024 Volumen 27 - 2024 , p. 15Materia / lugar / evento: Economía Estado del bienestar Viviendas Otros autores: Been, Jim
Outras classificações: 921

Direitos: In Copyright (InC)

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