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Paper eres2017_110:
Do homeowners save more? – Evidence from the Panel on Household Finances (PHF)

id eres2017_110
authors Schmidt, Tobias; Julia Le Blanc
year 2017
title Do homeowners save more? – Evidence from the Panel on Household Finances (PHF)
source 24th Annual European Real Estate Society Conference in Delft, Netherlands
summary In this paper we analyse the impact of property ownership on the saving behaviour of households. We are particularly interested in investigating whether homeowners save more than renters or not. A related question is whether mortgage payments and other regular savings are substitutes or complements for German households. To answer these questions we use a large cross-sectional dataset on individual households’ finances and employ a matching estimator. We find that households owning property and repaying mortgages do save more than renters, if contractual savings and mortgage payments are summed up. However, the difference between regular savings flows of renters and owners is small and insignificant. Owners do not seem to substitute contractual savings with mortgage payments.
keywords household saving; homeownership; survey data;
series ERES:conference
type paper session
discussion No discussions. Post discussion ...
session Housing Markets & Economics
last changed 2017/11/18 16:20
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