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area. We find that sorting of households with children exhibit more stratification by income than sorting of households …
Persistent link: https://www.econbiz.de/10008683647
Demographic change brings complex challenges to the economic, social, and environmental systems of cities, with its asymmetric, overlapping, and compounded impacts across people and places. This paper analyses the main demographic trends and challenges in cities across OECD countries, with a...
Persistent link: https://www.econbiz.de/10014567909
This paper leverages the universe of U.S. tax data and state lottery wins between 2000 and 2019 to estimate the causal effect of financial resources on three key lifecycle outcomes for young adults. We find large and persistent effects on homeownership, with a response function that exhibits...
Persistent link: https://www.econbiz.de/10013477235
has difficulty establishing families. This has increased political concerns about addressing the basic needs of young …
Persistent link: https://www.econbiz.de/10011209149
The Tiebout model assumes that individuals 'vote with their feet' and choose to locate in the jurisdiction which best matches their fiscal preferences. In this paper, we test Tiebout's voting mechanism by examining whether housing purchase decisions are sensitive to changes in local property tax...
Persistent link: https://www.econbiz.de/10005710778
Using two decades of American Housing Survey data from 1985-2005, we estimate the impact on household mobility of owners having negative equity in their homes and of rising mortgage interest rates. We find that both lead to lower, not higher, mobility rates over time. The impacts are...
Persistent link: https://www.econbiz.de/10005828832
forces operate from relative house prices. Commuting, at least to contiguous regions, is often an alternative to migration … contiguous regions. This paper presents evidence on inter-regional commuting and migration in Great Britain which is broadly in …
Persistent link: https://www.econbiz.de/10005114156
consumption by about 11 percent. Households at the top end of the covariance distribution who are likely to have owned large homes … before moving get the largest reductions, of up to 40 percent relative to households at the median. …
Persistent link: https://www.econbiz.de/10008727860
price, especially if one moves to another housing market. However, households who sell a house typically buy another house …, whose purchase price is also uncertain. We show that for such households, home owning often hedges their net exposure to … house prices covary and households tend to move between the highly correlated housing markets. Taking these two …
Persistent link: https://www.econbiz.de/10008624605
This paper compares a number of housing policies such as housing taxation, land use and rental regulations and social housing policies for OECD countries relying on new data. Based on a range of econometric analyses, it also investigates whether these housing-related policies achieve their...
Persistent link: https://www.econbiz.de/10008799708