2008
DOI: 10.2139/ssrn.1098855
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Mortgage Market Maturity and Homeownership Inequality Among Young Households: A Five-Country Perspective

Abstract: Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in… Show more

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Cited by 9 publications
(9 citation statements)
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“…Housing services expenditures and homeownership decisions are among the most important choices individuals make during their life‐cycle. Housing absorbs a significant portion of households’ consumption and investment and, especially in Euro area countries, represents the largest component of their wealth (Bicakova and Sierminska, ). According to the housing pathways framework proposed by Clapham (), housing experiences are affected by individuals’ aspirations and attitudes, social and cultural circumstances, as well as structural and economic factors influencing opportunities.…”
Section: Overview Of the Literaturementioning
confidence: 99%
See 1 more Smart Citation
“…Housing services expenditures and homeownership decisions are among the most important choices individuals make during their life‐cycle. Housing absorbs a significant portion of households’ consumption and investment and, especially in Euro area countries, represents the largest component of their wealth (Bicakova and Sierminska, ). According to the housing pathways framework proposed by Clapham (), housing experiences are affected by individuals’ aspirations and attitudes, social and cultural circumstances, as well as structural and economic factors influencing opportunities.…”
Section: Overview Of the Literaturementioning
confidence: 99%
“…In particular, the low participation to the mortgage market contrasts with the high homeownership rate that, together with the high propensity to save, has contributed to maintain low indebtedness levels and a net wealth‐to‐income ratio in line with that of the Euro Area (Bank of Italy, ). In Italy house purchases are much less mortgage dependent, suggesting the existence of alternative ways of financing, like intergenerational transfers, other than mortgage loans (Guiso and Jappelli, ; Bicakova and Sierminska, ). However, the worsening economic conditions of the Italian households during the financial crisis have reduced their ability to save and increased debt repayments difficulties.…”
Section: Introductionmentioning
confidence: 99%
“…7 Other empirical cross-country studies are Chiuri and Jappelli (2003) and Bicakova and Sierminska (2008).…”
Section: Social Housingmentioning
confidence: 99%
“…The country experienced a deregulation of the mortgage markets in the late seventies, which resulted in a greater availability of loans (Stephens, 2007). Indeed, for several years the English mortgage market was considered among the most accessible (Bicakova and Sierminska, 2008) and one from which atypical workers were not completely ruled out (Neuteboom, 2004). However, consequent to the Great Financial Crisis (GFC), access to mortgage finance has become more restrictive for all but the lowest risk borrowers (Scanlon and Adamczuck, 2016).…”
Section: The Macro-level: Welfare Regimes Labor Markets and Housingmentioning
confidence: 99%
“…Dualist rental market (Kemeny, 1995; Public-private assurance scheme for mortgage repayments. Very accessible mortgage market (Bicakova and Sierminska 2008;Neuteboom, 2004;Scanlon and Whitehead, 2004;Fuentes et al, 2013) Relatively unrestrictive regulation for individual and collective dismissal (Scarpetta, 2014;Booth et al, 2002)…”
Section: Tables and Figuresmentioning
confidence: 99%