Veranstaltung
18
MAR 2025

14:15 - 15:45
IWH Research Seminar

Leverage Regulation and Housing Inequality

We estimate an equilibrium model of housing demand and supply, quantifying the distributional effects of leverage regulation on household mobility, access to high-quality housing, debt, and house prices.

Who
Nicola Pavanini  (Tilburg University)
Where
IWH, conference room and via Zoom
Nicola Pavanini

Personal details

Dr. Nicola Pavanini is an Associate Professor at the Tilburg University (Department of Finance). His research interests are Empirical Industrial Organization, Applied Structural Econometrics and Financial Intermediation.


To join the lecture via Zoom, please register here.

We estimate an equilibrium model of housing demand and supply, quantifying the distributional effects of leverage regulation on household mobility, access to high-quality housing, debt, and house prices. Using data from Norway (2010-2018), we match household demographics and financial characteristics to housing transactions. Our model incorporates dynamic renting and owning choices, investor portfolio rebalancing, and equilibrium pricing. We recover households’ willingness to pay for housing quality and moving costs. Counterfactual analyses reveal that while tighter loan-to-income (LTI) limits reduce household debt and house prices, they also have regressive effects on mobility. These effects depend on household preferences and financial constraints and can be offset with housing subsidies.

Whom to contact

Professor Shasha Li, PhD
Professor Shasha Li, PhD
Economist

If you have any further questions please contact me.

+49 345 7753-743 Request per E-Mail
Mitglied der Leibniz-Gemeinschaft LogoTotal-Equality-LogoSupported by the BMWK