Homeownership and saving preferences: evidence from Italy

Marco Percoco

Letters in Spatial and Resource Sciences, 2015, vol. 8, issue 2, 149 pages

Abstract: This paper studies the effect of homeownership on saving preferences of individuals by eliciting answers to a direct question on desired precautionary saving, collected on a representative sample of the Italian population. We have found no evidence for a direct impact of homeownership, whereas we have found a strong and positive impact of housing prices volatility on saving preferences of homeowner. Copyright Springer-Verlag Berlin Heidelberg 2015

Keywords: Precautionary saving; Homeownership; Uncertainty; D91; E21 (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/s12076-014-0119-x

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