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Nat­alia Khorun­zh­ina

Associate Professor

Subjects
Macroeconomics Savings Mortgage finance Demography

Primary research areas

Hous­ing, Con­sump­tion, and Sav­ing Over the Life Cycle
My re­search fo­cuses on how hous­ing mar­kets shape house­hold con­sump­tion and sav­ing. I study how fam­il­ies al­loc­ate re­sources between hous­ing and oth­er goods, ac­count­ing for in­come risk, bor­row­ing lim­its, and hous­ing’s dual role as a home and as­set, us­ing struc­tur­al mod­els to quanti­fy be­ha­vi­or­al trade-offs.
Hous­ing Choice and Life-Cycle Be­ha­vi­or
My re­search ex­plores how in­di­vidu­als and house­holds make hous­ing de­cisions—like buy­ing versus rent­ing—across the life cycle. I study how in­come, fam­ily struc­ture, di­vorce risk, and macro con­di­tions shape these choices, us­ing struc­tur­al mod­els and pan­el data to cap­ture pref­er­ences, risks, and con­straints.

I study con­sumer choices un­der risk and life trans­itions

My research examines household consumption and savings behavior over the life cycle, with a particular emphasis on homeownership and housing choices. I am interested in how housing decisions respond to fluctuations in the business cycle and how they interact with other critical life-course events, including changes in marital status, fertility, and labor market attachment.

Publications

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May 2024

Interest-only Mortgages and Consumption Growth

Evidence from a Mortgage Market Reform

Claes Bäckman

Na­ta­lia Khorun­zhina, Associate Professor

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Outside activities

Cur­rently, I have no out­side em­ploy­ments or activ­it­ies. , -