Wealth and Homeownership (eBook)

Women, Men and Families

Mariacristina Rossi, Eva M. Sierminska (Autoren)

eBook Download: PDF

2018 | 1st ed. 2018
XIX, 122 Seiten
Springer International Publishing (Verlag)
978-3-319-92558-5 (ISBN)

Infos

In almost every country, wealth is predominantly constituted by housing equity, but what are the possible risks and how does wealth accumulation vary across countries? In this timely book, Rossi and Sierminska analyse the complex relationship between gender, wealth and homeownership. By providing a conceptual framework to insert homeownership and housing decisions within an economic rationale, the authors explore how gender and family types have shaped wealth accumulation and homeownership.

Mariacristina Rossi is Associate Professor of Economics at the University of Turin, Italy and senior researcher at CeRP-CCA. Her research interests include intertemporal saving and consumption choices, household finance, development and gender economics.

Eva M. Sierminska is Senior Researcher at the Luxembourg Institute of Socio-Economic Research, Luxembourg and Research Fellow at IZA, DIW Berlin and GLO. She is a labor economist and has extensive research experience in the area of labor markets, inequality, household finance and population economics. 

Inhalt

Foreword 7
Preface 9
Acknowledgments 11
Contents 12
List of Figures 13
List of Tables 15
1: Introduction and Conceptual Framework 16
1.1 Introduction 16
1.2 The Economic Rationale of Wealth Accumulation 20
1.2.1 Consumption 22
1.2.2 Savings 23
1.2.3 Borrowing Constraints 25
1.2.4 Precautionary Savings 26
1.3 Portfolio Choice: The Role of Housing 26
1.4 The Role of Bequests in Asset Accumulation 27
1.5 Conclusion 28
References 30
2: Wealth Variation Across Countries 33
2.1 Why Wealth and Its Importance, a Gender Twist 34
2.1.1 A Gender Twist 36
2.1.2 Stylized Facts Regarding Wealth Accumulation Among Women and Men 40
2.2 Wealth Across Countries 41
2.2.1 Wealth and Families 42
2.2.2 Median Wealth Levels 44
2.2.3 Single-Female-Headed versus Male-Headed Households 49
2.2.4 Age 49
2.2.5 Age and Family Type 50
2.3 A Look into Housing as a Portfolio Component 52
2.3.1 Families 55
2.3.2 Consequences of Homeownership 56
2.3.3 Families 57
2.4 Methodological Issues in Measuring Wealth 60
2.4.1 What Is Wealth? 60
2.4.2 The Challenge of Cross-National Wealth Comparisons 60
2.5 Summary 61
Appendix: Data, Variables and Family Types 61
Data 61
Variables 62
Family Types 62
References 64
3: Families and Housing Decisions: A Look Across OECD Countries 69
3.1 Introduction 70
3.2 Motivation 71
3.3 Data and Methods 72
3.4 Empirical Analysis 73
3.5 Descriptive Statistics 74
3.6 Homeownership Across Time 74
3.7 Gender Dimension, Family Structure and Homeownership 76
3.8 Estimation Results 79
3.8.1 Whole Sample 80
3.8.2 Age Subgroups 85
3.8.3 Time Trend 87
3.9 Discussion 96
3.10 Concluding Remarks 97
Appendix 98
References 105
4: Homeownership and Wealth Accumulation 106
4.1 Introduction 106
4.2 Wealth and Housing: A Life Cycle Perspective 110
4.3 Financial Knowledge and Education. Do They Matter for Homeownership? 112
4.4 The Household Finance and Consumption Survey Data Set 113
4.5 Decumulation: Why Not? 121
4.6 Possible Dangers of Excessively High Homeownership Levels 123
4.7 Conclusions 124
Bibliography 126
Concluding Remarks 130
Bibliography 131
Index 132

Produkt-Details

• Erscheint lt. Verlag: 27.8.2018
• Zusatzinfo: XIX, 122 p. 12 illus., 9 illus. in color.
• Verlagsort: Cham
• Sprache: englisch
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Schlagworte: Asset accumulation • Gender Economics • Homeownership and gender • household economics • Household finance • Investments and Securities • Life-cycle perspective • Personal finances • real estate economics • Saving and investments • Wealth and homeownership • Wealth measurement
• ISBN-10: 3-319-92558-X / 331992558X
• ISBN-13: 978-3-319-92558-5 / 9783319925585