Zobrazeno 1 - 10
of 28
pro vyhledávání: '"Asaf Bernstein"'
Publikováno v:
Journal of Financial Economics. 146:989-1015
Autor:
Asaf Bernstein, Daan Struyven
Publikováno v:
American Economic Journal: Economic Policy. 14:1-32
This paper employs Dutch administrative population data to test the “housing lock hypothesis”: the conjecture that homeowners with negative home equity, low levels of financial assets, and restricted opportunities to borrow reduce their mobility.
Publikováno v:
The Review of Financial Studies.
We examine innovation following the Great Depression using data on a century’s worth of U.S. patents and a difference-in-differences design that exploits regional variation in the crisis severity. Harder-hit areas experienced large and persistent d
Publikováno v:
SSRN Electronic Journal.
Autor:
Asaf Bernstein
Publikováno v:
The Journal of Finance. 76:2963-2995
Using U.S. household‐level data and plausibly exogenous variation in the location‐timing of home purchases with a single lender, I find that negative home equity causes a 2% to 6% reduction in household labor supply. Supporting causality, househo
Publikováno v:
Journal of Financial Economics. 134:253-272
Homes exposed to sea level rise (SLR) sell for approximately 7% less than observably equivalent unexposed properties equidistant from the beach. This discount has grown over time and is driven by sophisticated buyers and communities worried about glo
U.S. state pensions are underfunded by trillions of dollars, but their economic burden is unclear. In a model of inefficient taxation, real estate fully reflects the cost of pension shortfalls when it is the only form of immobile capital. We study th
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::c312dd3d77658948e30f9dd7a5c415f5
https://doi.org/10.3386/w29405
https://doi.org/10.3386/w29405
Publikováno v:
Journal of Political Economy. 127:689-729
Heightened counterparty risk during the recent financial crisis has raised questions about the role clearinghouses play in global financial stability. Empirical identification of the effect of centralized clearing on counterparty risk is challenging
Autor:
Asaf Bernstein, Peter Koudijs
Mortgage amortization schedules are among the largest savings plans in the world (ex. U.S. households contribute hundreds of billions of dollars annually to these “mortgage piggy banks”). However, little is known about their effects on wealth acc
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::43af7fbe41663ca59009a8448b7e7767
https://doi.org/10.3386/w28574
https://doi.org/10.3386/w28574