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Ergebnisse für "Tobias Schmidt"

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  1. Cross-country differences in homeownership
    a cultural phenomenon?
    Erschienen: [2019]
    Verlag:  Deutsche Bundesbank, Frankfurt am Main

    Cross-country differences in homeownership rates are large and persistent over time, with homeownership rates ranging from 40% in Switzerland to 80% in Spain. This paper investigates whether culture is a driving factor of the homeownership decision,... mehr

    Zugang:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Leibniz-Institut für Wirtschaftsforschung Halle, Bibliothek
    keine Fernleihe
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 12
    keine Fernleihe

     

    Cross-country differences in homeownership rates are large and persistent over time, with homeownership rates ranging from 40% in Switzerland to 80% in Spain. This paper investigates whether culture is a driving factor of the homeownership decision, and could thus explain part of the cross-country differences in homeownership rates. To isolate the effect of cultural preferences regarding homeownership from the impact of institutions and economic factors, we investigate the homeownership decisions of second-generation immigrants in the United States between 1994 and 2017. Our findings indicate that cultural preferences for homeownership are persistent, transmitted between generations, and substantially influence the rent-versus-buy decision.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9783957296399
    Weitere Identifier:
    hdl: 10419/206397
    Schriftenreihe: Discussion paper / Deutsche Bundesbank ; no 2019, 40
    Schlagworte: Housing decisions; second generationmigrants; epidemological approach
    Umfang: 1 Online-Ressource (circa 62 Seiten), Illustrationen
  2. Nevertheless, they persist
    cross-country differences in homeownership behavior
    Erschienen: [2022]
    Verlag:  Tinbergen Institute, Amsterdam, The Netherlands

    Cross-country differences in homeownership rates are large and persistent over time, with homeownership rates ranging from 44% in Switzerland to 83% in Spain. This paper investigates whether cultures-defined as behavioral attitudes passed across... mehr

    Zugang:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 432
    keine Fernleihe

     

    Cross-country differences in homeownership rates are large and persistent over time, with homeownership rates ranging from 44% in Switzerland to 83% in Spain. This paper investigates whether cultures-defined as behavioral attitudes passed across generations-may value homeownership differently, and could thus be a driving demand factor of the homeownership decision. To isolate the effect of cultural preferences regarding homeownership from the impact of other economic factors, we investigate second-generation immigrants' homeownership decisions in the United States between 1994 and 2017. Our findings indicate that cultural preferences for homeownership are persistent, transmitted between generations, and substantially influence the rent-versus-buy decision.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/263929
    Auflage/Ausgabe: Version: November 26, 2021
    Schriftenreihe: Array ; TI 2022, 009
    Schlagworte: Housing Markets; Homeownership Rates; Cross-Country Heterogeneity; Cultural Transmission; Household Housing decisions
    Umfang: 1 Online-Ressource (circa 64 Seiten), Illustrationen
  3. The pass-through from inflation perceptions to inflation expectations
    Erschienen: [2023]
    Verlag:  Deutsche Bundesbank, Frankfurt am Main

    This paper documents a strong relationship between households’ perceptions about inflation over the past 12 months and households’ short- and long-term expectations about future inflation. This relationship is strong during periods of high-inflation... mehr

    Zugang:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)
    Leibniz-Institut für Wirtschaftsforschung Halle, Bibliothek
    keine Fernleihe
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 12
    keine Fernleihe

     

    This paper documents a strong relationship between households’ perceptions about inflation over the past 12 months and households’ short- and long-term expectations about future inflation. This relationship is strong during periods of high-inflation but even stronger during low-inflation periods. We establish a causal relationship by implementing a randomized information provision experiment in a large and representative survey to generate an exogenous variation in inflation perceptions. Our results show that household perceptions about past inflation drive their expectations about future inflation rates. The strength of the pass-through from perceptions to expectations varies across socioeconomic groups. We identify two critical moderating factors for this heterogeneity; differences in individual uncertainty about future inflation and information acquisition. Further, we show that the large majority of households rely on their shopping experience when forming their perceptions about past inflation and pay particular attention to food and fuel prices. The shopping experience affects inflation expectations indirectly - through perceptions.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9783957299482
    Weitere Identifier:
    hdl: 10419/273729
    Auflage/Ausgabe: Version: June 19, 2023
    Schriftenreihe: Discussion paper / Deutsche Bundesbank ; no 2023, 17
    Schlagworte: inflation dynamics; expectations; perceptions; uncertainty; household finance; monetary policy; randomized control trial
    Umfang: 1 Online-Ressource (circa 65 Seiten), Illustrationen