Home Ownership and Household Portfolio Choice

Thomas Michielsen, Remco Mocking and Sander Veldhuizen ()

No 5705, CESifo Working Paper Series from CESifo

Abstract: We study the effect of home equity and indebtedness on financial portfolio choices of Dutch households during the period 2006-2012. Using a large administrative dataset at the household level we estimate how home equity and the outstanding mortgage amount influence the share of liquid assets held in stocks. We apply different econometric methods to take selection and endogeneity into account. In our preferred specifications both home equity and the household’s amount of mortgage debt have a non-significant impact on the risky asset share.

Keywords: portfolio choice; house price shocks (search for similar items in EconPapers)
JEL-codes: D14 G11 R31 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Related works:
Working Paper: Home Ownership and Household Portfolio Choice (2015)
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