This paper studies the effect of homeownership on saving preferences of individuals by eliciting answers to a direct question on desired precautionary saving, collected on a representative sample of the Italian population. We have found no evidence for a direct impact of homeownership, whereas we have found a strong and positive impact of housing prices volatility on saving preferences of homeowner.
Homeownership and saving preferences: evidence from Italy
PERCOCO, MARCO
2015
Abstract
This paper studies the effect of homeownership on saving preferences of individuals by eliciting answers to a direct question on desired precautionary saving, collected on a representative sample of the Italian population. We have found no evidence for a direct impact of homeownership, whereas we have found a strong and positive impact of housing prices volatility on saving preferences of homeowner.
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