Home Ownership and Household Portfolio Choice

Thomas Michielsen, Remco Mocking and Sander Veldhuizen ()

No 318, CPB Discussion Paper from CPB Netherlands Bureau for Economic Policy Analysis

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.

JEL-codes: D14 G11 R31 (search for similar items in EconPapers)
Date: 2015-12
New Economics Papers: this item is included in nep-eur and nep-ure
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Related works:
Working Paper: Home Ownership and Household Portfolio Choice (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:cpb:discus:318

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