Housing Collateral, Consumption Insurance and Risk Premia: An Empirical Perspective

By Hanno Lustig, Stijn Van Nieuwerburgh. 2005

129 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/1362a2ffecc28930ee9d54a8e2903b329f9d781d

Citations in the corpus

• Labor Income, Housing Prices and Homeownership (2003, unknown): “Lustig and Nieuwerburgh [ 15 ] and Piazzesi et al.”
• Expected Returns and Expected Growth in Rents of Commercial Real Estate (2010, unknown): “Dividends are paid at the discretion of the firm’s management and there is ample evidence that they are either actively smoothed, the product of managers catering to investors’ demand for dividends, or the result of managers’ reaction to perceived mispricings (Shefrin and Statman (1984), Stein (1996”
• Household Leverage and the Recession (2011, unknown): “Lustig and van Nieuwerburgh (2005) show that the collateral value of housing plays an important role in shaping asset returns because a decline in house prices undermines risk sharing and increases the market price of risk.”
• What Drives Personal Consumption? The Role of Housing and Financial Wealth (2009, unknown): “Lustig and Van Nieuwerburgh (2005) propose and estimate a model in which housing serves as a collateral.”