Showing 1 - 10 of 88
This paper analyzes housing market reactions to the release of previously unpublished information on school quality …. Using the sharp discontinuity in the information environment allows us to study price changes within school catchment areas …, thus controlling for neighborhood unobservables. We find a substantial housing market reaction to publication of school …
Persistent link: https://www.econbiz.de/10005181535
We study the causal effect of school curricula on students’ stated beliefs and attitudes. We exploit a major textbook … reform in China that was rolled out between 2004 and 2010 with the explicit intention of shaping youths’ ideology. To measure … participation and democracy in China, increased trust in government officials, and a more skeptical view of free markets. …
Persistent link: https://www.econbiz.de/10010877958
This paper derives and justifies a procedurally fair bidding mechanism and reviews experiments that apply the mechanism to public projects provision. In the experiments, not all parties benefit from provision, and the projects’ costs can be negative. The experimental results indicate that the...
Persistent link: https://www.econbiz.de/10010723523
those of medium ability. At the same time, this reduces the competitive pressure faced by elite colleges, as less selective … colleges become a less appealing alternative for the medium ability students. The selective, elite colleges therefore adopt a …
Persistent link: https://www.econbiz.de/10011257677
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
We study the link between homeownership, mortgage debt, and entrepreneurship using a model of occupational choice and housing tenure where homeowners commit to mortgage payments. Our model predicts that, as long as mortgage rates exceed the rate of interest on liquid wealth: (i) mortgage debt,...
Persistent link: https://www.econbiz.de/10010948829
This paper provides novel evidence on the role of income taxes for residential rents and spatial sorting. Drawing on comprehensive apartment-level data, we identify the effects of tax differentials across municipal boundaries in Switzerland. The boundary discontinuity design (BDD) corrects for...
Persistent link: https://www.econbiz.de/10010812495
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
Standard explanations for the observed income heterogeneity within communities rely on differences of preferences 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...
Persistent link: https://www.econbiz.de/10005765952
This paper presents a dynamic theory of housing market fluctuations. It develops a life-cycle model where households are heterogeneous with respect to income and preferences, and mortgage lending is restricted by a down-payment requirement. The market interaction of young credit-constrained...
Persistent link: https://www.econbiz.de/10005766302