A micro view on home equity withdrawal and its determinants. Evidence from Dutch households

André Ebner

Discussion Papers in Economics from University of Munich, Department of Economics

Abstract: Home equity is the most important part of a household portfolio, but only recently has it become more accessible through innovations in the mortgage market and financial deregulation. This study looks at the factors driving home equity withdrawal on a household level using Dutch survey data and assesses to which degree different theoretical predictions can be empirically supported. There is little evidence that equity withdrawal is used as a buffer against adverse income shocks, with financial motives and life-cycle effects likely to dominate a household’s decision. Finally, the study provides first evidence of the impact of changing supply side conditions on home equity withdrawal.

Keywords: home equity withdrawal; Dutch housing market; consumption models (search for similar items in EconPapers)
JEL-codes: D1 D9 E2 E4 G2 (search for similar items in EconPapers)
Date: 2010-01
New Economics Papers: this item is included in nep-eec and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Journal Article: A micro view on home equity withdrawal and its determinants: Evidence from Dutch households (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:lmu:muenec:11309

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