Who Withdraws Housing Equity and Why
Bibliographic Data
| ID | 9722160 |
|---|---|
| Authors | ANDREW BENITO (International Monetary Fund, corresponding author) |
| Year | 2009 |
| Volume | 76 |
| Issue | 301 |
| Pages | 51-70 |
| Publication date | 2009-02-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1468-0335.2008.00693.x |
| OpenAlex | W2016969247 |
| Language | EN |
| Citations received | 15 |
| References cited | 20 |
The decision to extract home equity is examined using household‐level data for the UK over 1993–2003. At its peak during the period, around 1‐in‐10 homeowners withdraw equity per year. Little is known about this financial decision. I find that the equity withdrawal decision conforms to predictions from the standard life‐cycle framework and models that predict its use as a financial buffer. The paper also estimates responses to the large house price appreciation and significant reductions in mortgage rates seen during the period
Actuarial science · Business · Economics · Equity (law) · Equity capital markets · Home equity · Political science · Private equity · Finance · Financial Literacy, Pension, Retirement Analysis · Housing Market and Economics · Housing, Finance, and Neoliberalism
Mortgage-equity release
Residential mobility and mental health
Unlocking housing wealth through mortgage debt
Housing Assets and Small Business Investment
Housing Equity Withdrawal in Australia
Passing it on
Channels from Housing Wealth to Consumption
Mortgage debt and entrepreneurship
Financial literacy and mortgage equity withdrawals
Motivations for Equity Borrowing
The Impact of House Prices on Consumption in the UK
Labour Supply as a Buffer
First‐time House Buying and Catch‐up
House Price Shocks and Household Indebtedness in the United Kingdom
Debt and Depression
Saving and Liquidity Constraints
House Prices, Borrowing Constraints, and Monetary Policy in the Business Cycle
Maximum likelihood estimation of limited and discrete dependent variable models with nested random effects
Unemployment Risk and Precautionary Wealth
Financial literacy and mortgage equity withdrawals
Incentives Information and Efficiency in the UK Mortgage Market
| Unique citing works | 15 |
|---|---|
| Citations per year | 0,94 |
| Citation span | 2010 - 2024 (15) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 15 |