Doerner, William M.; Ihlanfeldt, Keith R. - In: Regional Science and Urban Economics 41 (2011) 4, pp. 332-342
Very little is known about what impact recent large upward and downward swings in single-family home values have had on local government budgets. Using a unique 15-year panel of Florida cities that includes both detailed revenue and house price data, we investigate the pathways whereby a change...