Owner-Occupied Housing and the Composition of the Household Portfolio

By Marjorie Flavin, T. Yamashita. 2002

268 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/2e328bb589d854d64e94059643b98b576c8bc83f

Citations in the corpus

• Housing, Consumption, and Asset Pricing (2007, unknown): “ Flavin and Yamashita (2002) use the Panel Study of Income Dynamics (PSID) data on house prices to estimate the housing returns over the 1968 to 1992 period.”
• What moves housing markets: A variance decomposition of the rent-price ratio (2009, unknown): “The returns to owning any given house in one of the geographic areas we study is likely to be much more volatile than we report: see, for example, Case and Shiller (1989), Quigley and Van Order (1995), Deng et al. (2000) and Flavin and Yamashita (2002).”
• What Matters to Individual Investors? Evidence from the Horse's Mouth (2018, unknown): “Housing represents a large portion of the typical homeowner’s wealth, and Flavin and Yamashita (2002), Cocco (2004), and Yao and Zhang (2005) present models where housing affects the demand for stocks.”
• Housing, Consumption and Asset Pricing (2007, unknown): “Cocco (2005), Flavin and Yamashita (2002), and Flavin and Nakagawa (2005) consider portfolio choice with exogenous returns in the presence of housing.”
• Housing, Finance and the Macroeconomy (2014, unknown): “In Flavin and Yamashita (2002), the latter is optimal since households are at a corner of zero in terms of their risk-free rate holdings.”
• Portfolio Choice Problems (2010, unknown): “The role of housing in portfolio choice problems is studied by Grossman and Laroque (1991), Flavin and Yamashita (2002), Cocco (2000,2004), Hu (2002), Campbell and Cocco (2003), and Yao and Zhang (2004), among others.”
• Saving and Wealth Inequality (2017, unknown): “Earlier attempts to estimate the degree of heterogeneity in rates of return are by Flavin and Yamashita (2002), who compare the risk and return on housing to those of various asset categories and portfolios.”
• Optimal life cycle asset allocation : understanding the empirical evidence (2003, unknown): “11A similar approach is taken by Flavin and Yamashita (2002) in a model without labor income.”
• What drives households to buy flood insurance? New evidence from Georgia (2015, unknown): “We hypothesize that the owner-occupied home status will be positively correlated with the demand for flood insurance as for most homeowners, the house is a primary asset in their portfolio (Flavin and Yamashita, 2002) and one would want to protect it.”
• Why Has Home Ownership Fallen among the Young (2009, unknown): “…impact of risky house prices, income, and credit constraints on housing choices, such as Ortalo-Magne and Rady (2002); and models that treat housing within an asset portfolio choice framework, including Berkovec and Fullerton (1992), Flavin and Yamashita (2002) and Piazzesi and Schneider (2008).”
• Chapter 21 - Household Finance: An Emerging Field∗ (2013, unknown): “Human capital (Bodie, Merton, and Samuelson, 1992; Cocco, Gomes, and Maenhout, 2005; Koo, 1995; Viceira, 2001), housing wealth (Cocco, 2005; Flavin and Yamashita, 2002; Yao and Zhang, 2005) and private business wealth (Heaton and Lucas, 2000a, 2000b) have been used to explain the reluctance of…”
• Twin Picks: Disentangling the Determinants of Risk-Taking in Household Portfolios (2013, unknown): “[41] Flavin, Marjorie, and Takashi Yamashita, 2002, Owner-occupied housing and the composition of the household portfolio, American Economic Review 92 (1), 345362.”