Skip to main navigation Skip to main content
info(at)avldigital.remove-this.de
Deutsch English
Narrow Search
Search narrowed by
Last searches

Results for *

Displaying results 1 to 5 of 5.

  1. Peer effects in stock market participation
    evidence from immigration
    Author: Girshina, Anastasia; Mathä, Thomas; Ziegelmeyer, Michael
    Published: [2019]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    This paper studies how peers' financial behaviour affects individuals' own investment choices. To identify the peer effect, we exploit the unique composition of the Luxembourg population and use the differences in stock market participation across... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 534
    Inter-library loan:
    No inter-library loan

     

    This paper studies how peers' financial behaviour affects individuals' own investment choices. To identify the peer effect, we exploit the unique composition of the Luxembourg population and use the differences in stock market participation across various immigrant groups to study how they affect stock market participation of natives. We solve the reflection problem by instrumenting immigrants' stock market participation with lagged participation rates in their countries of birth. We separate the peer effect from the contextual and correlated effects by controlling for neighbourhood and individual characteristics. We find that stock market participation of immigrant peers has sizeable effects on that of natives. We also provide evidence that social learning is one of the channels through which the peer effect is transmitted. However, social learning alone does not account for the entire effect and we conclude that social utility might also play an important role in peer effects transmission.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289939713
    Other identifier:
    hdl: 10419/228218
    Series: Working paper series / European Central Bank ; no 2340 (December 2019)
    Scope: 1 Online-Ressource (circa 55 Seiten)
  2. The Luxembourg household finance consumption survey
    results from the 2nd wave
    Author: Girshina, Anastasia; Mathä, Thomas; Ziegelmeyer, Michael
    Published: May 2017
    Publisher:  Banque centrale du Luxembourg, Luxembourg

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / Banque centrale du Luxembourg ; no 106
    Subjects: Household; survey; editing; multiple imputation; wealth; income
    Scope: 1 Online-Ressource (circa 63 Seiten), Illustrationen
  3. Peer effects in stock market participation
    evidence from immigration
    Author: Girshina, Anastasia; Mathä, Thomas; Ziegelmeyer, Michael
    Published: December 2019
    Publisher:  Banque centrale du Luxembourg, Luxembourg

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 599
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / Banque centrale du Luxembourg ; no 137
    Scope: 1 Online-Ressource (circa 58 Seiten)
  4. Housing affordability and transaction tax subsidies
    Author: Girshina, Anastasia; Koulischer, François; Lilienfeld-Toal, Ulf von
    Published: [2021]
    Publisher:  [University of Luxembourg, Faculty of Law, Economics and Finance, Luxembourg School of Finance], [Luxembourg]

    House prices have increased faster than average income in many countries over the last decade, raising concerns on the affordability of housing. We study the impact of transaction taxes on the real estate market and the effectiveness of tax subsidies... more

    Access:
    Resolving-System (kostenfrei)
    Verlag (kostenfrei)

    Location:
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    Inter-library loan:
    No inter-library loan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Inter-library loan:
    No inter-library loan

     

    House prices have increased faster than average income in many countries over the last decade, raising concerns on the affordability of housing. We study the impact of transaction taxes on the real estate market and the effectiveness of tax subsidies to make housing more affordable. We show how the demand and supply elasticities for housing determine the price impact of tax subsidies and the distribution of gains between buyers and sellers. We then use data on all real estate transactions in Luxembourg from 2007 to 2018 to estimate the elasticity of housing supply and demand. For identification, we exploit discontinuities in the transaction tax schedule as well as rules on tax subsidies for new constructions. Our estimates suggest that the elasticity of house prices to transaction taxes is 0.27, so buyers capture a large part of the surplus from the subsidies

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: LSF research working paper series ; 2021, 3
    Subjects: Real Estate; Transactions Taxes; Housing Subsidies; Housing Affordability
    Scope: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  5. Implications of fiscal policy for housing tenure decisions
    Author: Girshina, Anastasia
    Published: [2016]
    Publisher:  Department of Economics, Ca’ Foscari University of Venice, Venice Italy

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / Ca' Foscari University of Venice, Department of Economics ; 2016, no. 11
    Subjects: fiscal policy; tenure choice; mortgage interest deduction; income tax; home ownership
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen