Remember when your mom always told you to stay organized and you would have more time? Of course you do. How often have you misplaced something and thought if you don't find it you would fall apart? If you find yourself still losing items it's time to stop! Stop putting...
In this paper, the researchers have expanded the realistic nature of the simulation model, particularly as it pertains to the terminal exit value at the end of the holding period. The empirical approach in this paper is to estimate models of housing tenure choice on a sample of recent movers....
Most young households simultaneously hold both unsecured debt on which they pay an average of 10 percent interest and social security wealth on which they earn less than 2 percent. We document this fact using data from the Panel Study of Income Dynamics. We then consider a life-cycle model with...
The paper tests the credit-market effects of housing wealth shocks by estimating the consumption elasticity of house price shocks among households in different age quintiles. Younger households face faster expected income growth and hence would like to borrow more than older households. It estimate consumption elasticity's from housing wealth by...
The empirical approach in this paper is to estimate models of housing tenure choice on a sample of recent movers. Immigration has long been a force that shapes the housing and labor markets in gateway metropolitan areas. This study focuses on the housing outcomes of households who currently live in...
Using a unique set of household level panel data, the paper estimates the effect of capital gains on saving by asset type, controlling for observable and unobservable household specific fixed effects. The results suggest that the decline in the personal saving rate since 1984 is largely due to the significant...
Household arrears on payment obligations are one of the most direct measures of household sector financial stress. In this paper a time series approach is used to model two of the key components of aggregate UK household arrears: those on mortgages and credit cards. Mortgages are the main component of...
Central to strategies for and involvement in the inner city real estate market is their ability to attract people. A central part of the overall metropolis of a place, the inner city is the mechanism that mediates the larger top-down global concerns and the more intimate, personal concerns of day-to-day...
This document updates table based on data from the 2001 Survey of Consumer Finances conducted on the use of electronic banking. This document updates the statistics indicating how the use of various means of electronic payment has changed between 1995, 1998, and 2001. It notes that the use of electronic...
Most families or individuals are loaded with credit-card debt. The average household has more than two credit cards and the average interest rate runs around 15%. The key to getting out of debt efficiently is to first pay down the balances of loans or credit cards that charge the most...
Most of the people take for granted being able to turn the lights on and keep their homes warm. But for some people, basic energy needs account for a disproportionate amount of their income. The aim of the paper is that as far as reasonably practicable no household should be...
Many people assume that the most significant risk in the housing market is that homeowners are exposed to fluctuations in house values. However, homeownership also provides a hedge against fluctuations in future rent payments. This paper finds that, even though house price risk endogenously increases with rent risk, the latter...
A typical household has a home mortgage as its most significant financial contract. The form of this contract is correspondingly important. This paper studies the choice between a fixed-rate FRM and an adjustable-rate ARM mortgage. In an environment with uncertain inflation, a nominal FRM has risky real capital value whereas...
Buying a home involves time, energy, and, most of all, money. In addition to committing one’s own self to mortgage payments for 15 to 30 years, he needs quite a bit of money "up-front" to close the transaction. There are several types of closing or settlement costs and other...
This paper estimates a three-level nested multinomial logit model of household intra-metropolitan mobility, residential location, and homeownership choice. In so doing, the study applies individual level 1990 Census data to test relevant economic, demographic, and neighborhood hypotheses. The model is then simulated to assess the effects of changes in household...
The median age of individuals heading households owning closed-end funds was 48 in 2001.About three-quarters of these individuals were married and 71 percent were employed. Two-thirds had college or postgraduate degrees, whereas 39 percent of individuals heading all U.S. households had college or postgraduate degrees. Thirty-seven percent of individuals heading...
This paper focuses on a preliminary cost benefit analysis of connecting households estimated to be in non-gas settlements (150+ households) to the gas network. This is estimated to account for just less than half non gas households. Potential fuel cost savings are significant, much more significant than the benefits estimated...
There is evidence that lack of access to mains gas, which is currently the cheapest and most efficient fuel for domestic heating, contributes to keeping households in fuel poverty. Competition amongst gas transporters has given consumers choice, but it has not delivered significant extensions of the network to existing communities,...
The National Assembly subscribes to the dual definitions of fuel poverty in Annex D however there is no direct estimate of the number of fuel poor Welsh households. Whilst the National Assembly has set in motion plans to determine the extent and distribution of fuel poverty, an indication of the...
A fuel poor household is one that cannot afford to keep adequately warm at reasonable cost. The most widely accepted definition of a fuel poor household is one which needs to spend more than 10% of its income on all fuel use and to heat its home to an adequate...
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