11,996 research outputs found
A micro view on home equity withdrawal and its determinants. Evidence from Dutch households
Home equity is the most important part of a household portfolio, but only recently has it become more accessible through innovations in the mortgage market and financial
deregulation. This study looks at the factors driving home equity withdrawal on a household level using Dutch survey data and assesses to which degree different theoretical predictions can be empirically supported. There is little evidence that equity withdrawal is used as a buffer against adverse income shocks, with financial motives and life-cycle effects likely to dominate a household’s decision. Finally, the study provides first evidence of the impact of
changing supply side conditions on home equity withdrawal
A micro view on home equity withdrawal and its determinants. Evidence from Dutch households
Home equity is the most important part of a household portfolio, but only recently has it become more accessible through innovations in the mortgage market and financial deregulation. This study looks at the factors driving home equity withdrawal on a household level using Dutch survey data and assesses to which degree different theoretical predictions can be empirically supported. There is little evidence that equity withdrawal is used as a buffer against adverse income shocks, with financial motives and life-cycle effects likely to dominate a household’s decision. Finally, the study provides first evidence of the impact of changing supply side conditions on home equity withdrawal.home equity withdrawal; Dutch housing market; consumption models
Some results on Gaussian Besov-Lipschitz spaces and Gaussian Triebel-Lizorkin spaces
In this paper we define Besov-Lipschitz and Triebel-Lizorkin spaces in the
context of Gaussian harmonic analysis, the harmonic analysis of Hermite
polynomial expansions. We study inclusion relations among them, some
interpolation results and continuity results of some important operators (the
Ornstein-Uhlenbeck and the Poisson-Hermite semigroups and the Bessel
potentials) on them. We also prove that the Gaussian Sobolev spaces
are contained in them. The proofs are general enough to
allow extensions of these results to the case of Laguerre or Jacobi expansions
and even further in the general framework of diffusions semigroups
Harmonic cohomology of symplectic fiber bundles
We show that every de Rham cohomology class on the total space of a
symplectic fiber bundle with closed Lefschetz fibers, admits a Poisson harmonic
representative in the sense of Brylinski. The proof is based on a new
characterization of closed Lefschetz manifolds
A Monte Carlo study of random surface field effect on layering transitions
The effect of a random surface field, within the bimodal distribution, on the
layering transitions in a spin-1/2 Ising thin film is investigated, using Monte
Carlo simulations. It is found that the layering transitions depend strongly on
the concentration of the disorder of the surface magnetic field, for a
fixed temperature, surface and external magnetic fields. Indeed, the critical
concentration at which the magnetisation of each layer changes the
sign discontinuously, decreases for increasing the applied surface magnetic
field, for fixed values of the temperature and the external magnetic field
. Moreover, the behaviour of the layer magnetisations as well as the
distribution of positive and negative spins in each layer, are also established
for specific values of , , and the temperature . \\Comment: 5 pages latex, 6 figures postscrip
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