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Homeownership and saving preferences: evidence from Italy

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  • Marco Percoco

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. Copyright Springer-Verlag Berlin Heidelberg 2015

Suggested Citation

  • Marco Percoco, 2015. "Homeownership and saving preferences: evidence from Italy," Letters in Spatial and Resource Sciences, Springer, vol. 8(2), pages 141-149, July.
    • Handle: RePEc:spr:lsprsc:v:8:y:2015:i:2:p:141-149
    DOI: 10.1007/s12076-014-0119-x
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    More about this item

    Keywords

    Precautionary saving; Homeownership; Uncertainty; D91; E21;
    All these keywords.

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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