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2009-12-03Buch DOI: 10.18452/4225
Renting versus Owning and the Role of Income Risk
dc.contributor.authorSchulz, Rainer
dc.contributor.authorWersing, Martin
dc.contributor.authorWerwatz, Axel
dc.date.accessioned2017-06-16T00:02:33Z
dc.date.available2017-06-16T00:02:33Z
dc.date.created2010-05-26
dc.date.issued2009-12-03
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/4877
dc.description.abstractIn a world with complete markets and no transactions cost, the decision whether to rent or buy a home is separate from a household's professional income risk. If markets are incomplete and have frictions, however, profession- specific income risk, regional house price risk, and mobility needs will interact and should affect the tenure mode choice. Using panel data from West Germany, we establish homogeneous profession groups and estimate their regional net income risk and regional mobility. We then examine the impact of the risk and mobility variables on the tenure mode decision at the aggregate and the individual household level. We find that the diversification potential of renting affects the tenure mode choice as do mobility needs.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.subjectTenure mode choiceeng
dc.subjectbackground riskeng
dc.subjecthousehold mobilityeng
dc.subject.ddc330 Wirtschaft
dc.titleRenting versus Owning and the Role of Income Risk
dc.typebook
dc.subtitleThe Case of Germany
dc.identifier.urnurn:nbn:de:kobv:11-100111064
dc.identifier.doihttp://dx.doi.org/10.18452/4225
local.edoc.container-titleSonderforschungsbereich 649: Ökonomisches Risiko
local.edoc.pages54
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2009
local.edoc.container-issue60
local.edoc.container-year2009
local.edoc.container-erstkatid2195055-6

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