منابع مشابه
Housing Equity Withdrawal
The increase in housing prices in recent years has contributed to rising household wealth and has helped to underpin continued strength in consumption spending. One important aspect of this process is that rising housing prices, combined with other factors such as lower interest rates and financial innovation, have increased the capacity of households to borrow. A feature of the past few years ...
متن کاملInvestment Taxes and Equity Returns
This paper investigates whether investors are compensated for the tax burden of equity securities. Effective tax rates on equity securities vary over time due to frequent tax reforms and cross-sectionally due to persistent differences in propensities to pay dividends. The paper finds an economically and statistically significant relationship between risk-adjusted stock returns and effective per...
متن کاملUnlocking Housing Equity in Japan
Much prior literature on asset patterns among the elderly has mostly overlooked housing wealth as a determinant of retiree wealth, particularly in the Japanese context. Yet releasing equity in housing may be a natural mechanism to boost consumption, reduce public pension liability, and mitigate the demand for long-term care facilities in Japan. Our study evaluates what might be needed to implem...
متن کاملSurvey on Housing Equity Withdrawal and Injection
Over the past few years, household borrowing against the stock of housing has increased by more than household spending on new housing and renovations. As a result, the household sector has effectively extracted equity from the housing stock, though the net amount withdrawn has recently been declining. The signifi cant equity withdrawal over 2001 to 2004 stands in contrast to experience in prev...
متن کاملNegative equity
As in science itself, negative findings tend to be under-reported by the media. In the case of multiple sclerosis, for example, several different researchers have made a splash over the past 30 years by identifying several different viruses as the cause of the condition. Yet withdrawals or invalidations of those claims have hardly caused a ripple. Another example is so-called ‘environmental oes...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2013
ISSN: 1556-5068
DOI: 10.2139/ssrn.2334914