Homeownership and portfolio choice in later life
The authors estimate the effect of home value on the composition of financial assets among a sample of German homeowners aged 50+. For that purpose they use a unique match of individual and regional level data. They find that home values are positively correlated with the probability of owning stocks and mutual funds and with the proportion of the portfolio invested in these assets.
The complete article can be found here: Garten, C., & Myck, M. (2024). Homeownership and portfolio choice in later life. Applied Economics Letters, 1–5. https://doi.org/10.1080/13504851.2024.2369715
