Philippe Bracke
Biographic Data
| ID | 5733652 |
|---|---|
| NAME | Philippe Bracke |
| GIVEN NAMES | Philippe |
| FAMILY NAME | Bracke |
| SIGNATURE | BRACKE P |
| AFFILIATIONS | Bank of England |
| VERIFIED | No |
| TOTAL WORKS | 2 |
| TOTAL CITATIONS | 11 |
| AUTHOR COUNT | 2 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2018 |
| LATEST PUBLICATION YEAR | 2018 |
| H-INDEX | 2 |
Mortgage debt and entrepreneurship
We study the link between mortgage debt and entrepreneurship using a model of occupational choice and housing tenure in a setting where loans are recourse—like in the UK and several US states. Our model shows that as long as the mortgage interest rate exceeds the risk-free rate: (i) mortgage debt diminishes the likelihood of entrepreneurship by amplifying risk aversion; and (ii) the negative relation between mortgage debt and entrepreneurship inc…
The Time Value of Housing: Historical Evidence on Discount Rates
Most London housing transactions involve trading long leases of varying lengths. We exploit this to estimate the time value of housing – the relationship between the price of a property and the term of ownership – over a 100 years and derive implied discount rates. For our empirical analysis, we compile a unique historical data set (1987–92) to abstract from the right to extend leases currently enjoyed by tenants. Across a variety of specificatio…
Mortgage debt and entrepreneurship
We study the link between mortgage debt and entrepreneurship using a model of occupational choice and housing tenure in a setting where loans are recourse—like in the UK and several US states. Our model shows that as long as the mortgage interest rate exceeds the risk-free rate: (i) mortgage debt diminishes the likelihood of entrepreneurship by amplifying risk aversion; and (ii) the negative relation between mortgage debt and entrepreneurship inc…
The Time Value of Housing: Historical Evidence on Discount Rates
Most London housing transactions involve trading long leases of varying lengths. We exploit this to estimate the time value of housing – the relationship between the price of a property and the term of ownership – over a 100 years and derive implied discount rates. For our empirical analysis, we compile a unique historical data set (1987–92) to abstract from the right to extend leases currently enjoyed by tenants. Across a variety of specificatio…
Mortgage debt and entrepreneurship
We study the link between mortgage debt and entrepreneurship using a model of occupational choice and housing tenure in a setting where loans are recourse—like in the UK and several US states. Our model shows that as long as the mortgage interest rate exceeds the risk-free rate: (i) mortgage debt diminishes the likelihood of entrepreneurship by amplifying risk aversion; and (ii) the negative relation between mortgage debt and entrepreneurship inc…
The Time Value of Housing: Historical Evidence on Discount Rates
Most London housing transactions involve trading long leases of varying lengths. We exploit this to estimate the time value of housing – the relationship between the price of a property and the term of ownership – over a 100 years and derive implied discount rates. For our empirical analysis, we compile a unique historical data set (1987–92) to abstract from the right to extend leases currently enjoyed by tenants. Across a variety of specificatio…
Econometrics (2 works) · Economics (2 works) · Financial economics (2 works) · Housing Market and Economics (2 works) · Computer Science (1 works) · Debt (1 works) · Economic and Environmental Valuation (1 works) · Entrepreneurship (1 works) · Exploit (1 works) · Finance (1 works)