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(Article of periodic en Anglais - 2013)

Document title

Motivations for equity borrowing : a welfare-switching effect

Authors(s) and Affiliation(s)

WOOD G. (1) ; PARKINSON S. (1) ; SEARLE B. (2) ; SMITH S.J. (3) ;
(1) School of Global Studies, RMIT Univ., Melbourne, AUSTRALIE
(2) Dept. of Geography and Sustainable Development, Univ., St Andrews, ROYAUME-UNI
(3) Dept. of Geography, University of Cambridge, Cambridge, ROYAUME-UNI

Abstract

This paper builds on a small but growing literature assigning a precautionary savings role to consumption fromhousing wealth. The analysis uses panel data sourced from Britain and Australia to model households’ motivations for equity borrowing. Key among these motivations are pressing, uninsurable, ostensibly short-term, spending needs. In these contexts, it is proposed that equity borrowing assumes a welfare-switching role, substituting privately owned housing wealth for collectively funded safety-nets

Source

Article of periodic

published at : Urban studies / ISSN 0042-0980

Editor : Longman Group, Harlow - ROYAUME-UNI (1964)

Millesime : 2013, vol. 50, no12 [pp. 2588-2607]

Bibliographic references : 3 p.

Collation : 4 tabl.

Language

Anglais

Digital Object Identifier

Go to electronic document thanks to its DOI : doi:10.1177/0042098013477706

Tous droits réservés © Prodig - Bibliographie Géographique Internationale (BGI), 2013
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