Housing wealth in retirement strategies: Towards understanding and new hypotheses

What is the current role of housing wealth in household retirement strategies across the European Union member states? And could this role be extended? This question is often raised by researchers and policymakers, since governments search for ways to cut pensions expenditure in response to ageing populations and the global financial crisis....

On the rationality of borrowers' behaviour: Comparing risk-attitudes of homeowners

Though time and depth of cycles differed from one European country to another, mortgage markets have grown in size, expanded in product variation and improved borrowers' accessibility to mortgage credit. However, this expanding range of mortgage opportunities significantly increases the search and information costs for a borrower, making it...