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Does the Housing Market React to New Information on School Quality?

Fiva, Jon H.; Kirkebøen, Lars J. - CESifo - 2008

quality indicators, suggesting that households care about school quality, and may be willing to pay for better schools. The …

Persistent link: https://www.econbiz.de/10005181535

Income Taxes, Property Values, and Migration

Glazer, Amihai; Kanniainen, Vesa; Poutvaara, Panu - CESifo - 2003

We consider taxation by a Leviathan government and by a utilitarian government in the presence of heterogeneous locations within a country, when migration from one country to another is and is not possible. In a closed economy, a utilitarian government may transfer income from the poor to the...

Persistent link: https://www.econbiz.de/10005406374

Tenancy Rent Control and Credible Commitment in Maintenance

Arnott, Richard J.; Shevyakhova, Elizaveta - CESifo - 2014

Under tenancy rent control, rents are regulated within a tenancy but not between tenancies. This paper investigates the effects of tenancy rent control on housing quality and maintenance. Since the discounted revenue received over a fixed-duration tenancy depends only on the starting rent,...

Persistent link: https://www.econbiz.de/10010877779

Homeownership and Entrepreneurship: The Role of Mortgage Debt and Commitment

Bracke, Philippe; Hilber, Christian; Silva, Olmo - CESifo - 2014

housing tenure where homeowners commit to mortgage payments. Our model predicts that, as long as mortgage rates exceed the …

Persistent link: https://www.econbiz.de/10010948829

Income Taxes, Sorting, and the Costs of Housing: Evidence from Municipal Boundaries in Switzerland

Basten, Christoph; Ehrlich, Maximilian von; Lassmann, Andrea - CESifo - 2014

sociodemographic characteristics and show that about one third of this effect can be traced back to a sorting of high-income households …

Persistent link: https://www.econbiz.de/10010812495

Urban Renewal after the Berlin Wall

Ahlfeldt, Gabriel; Maennig, Wolfgang; Richter, Felix J. - CESifo - 2013

Urban renewal areas are popular but empirically understudied spatial planning instruments designed to prevent urban decline and induce renewal. We use a quasi-experimental research design to study the effects of 22 renewal areas implemented in Berlin, Germany, to increase housing and living...

Persistent link: https://www.econbiz.de/10010721609

Heterogeneity within Communities: A Stochastic Model with Tenure Choice

Ortalo-Magné, François; Rady, Sven - CESifo - 2005

across households and heterogeneity of the housing stock. We propose a dynamic stochastic model of location choice where … households differ according to income only, and homes are identical within locations. Households choose whether to own or rent …

Persistent link: https://www.econbiz.de/10005765952

Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints

Rady, Sven; Ortalo-Magné, François - CESifo - 2001

This paper presents a dynamic theory of housing market fluctuations. It develops a life-cycle model where households …. The market interaction of young credit-constrained households with older or richer unconstrained households generates the … following results. (1) Current income of young credit-constrained households affects housing prices independently of aggregate …

Persistent link: https://www.econbiz.de/10005766302

Supply Constraints and Housing Prices

Aura, Saku; Davidoff, Thomas - CESifo - 2006

policy when mobility across regions is allowed but limited. A key result is that loosening regulatory constraints within … individual regions would have little effect on prices for plausible parameterizations. For example, we show reasonable conditions …

Persistent link: https://www.econbiz.de/10005094503

Explaining the Spatial Variation in Homeownership Rates: Results for German Regions

Lerbs, Oliver; Oberst, Christian - CESifo - 2011

This paper employs cross-sectional data on 96 German regions to investigate the interregional variability of …

Persistent link: https://www.econbiz.de/10008872209