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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
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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
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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 homeownership rates. Among the explanatory variables, the analysis includes important regional housing market indicators as well as regional socio-demographic composition, urbanization...
Persistent link: https://www.econbiz.de/10008872209
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Supply Restrictions, Subprime Lending and Regional US House Prices
Anundsen, André Kallåk; Heebøll, Christian - CESifo - 2015
With regard to the recent US house price cycle, we analyze how the interaction between housing supply restrictions, mortgage credit constraints and a price-to-price feedback loop affects house price volatility. Considering 247 Metropolitan Statistical Areas, we estimate a simultaneous boom-bust...
Persistent link: https://www.econbiz.de/10011196566
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Heterogeneity within Communities: A Stochastic Model with Tenure Choice
Ortalo-Magné, François; Rady, Sven - CESifo - 2005
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
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Inequality and Happiness: When Perceived Social Mobility and Economic Reality do not Match
Bjørnskov, Christian; Dreher, Axel; Fischer, Justina A.V. - CESifo - 2010
In this paper, we revisit the association between happiness and inequality. We argue that the interaction between the …, income inequality is perceived more negatively with increased perceived fairness, due to the need for unexpected policy …
Persistent link: https://www.econbiz.de/10008671705
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Income Inequality, Mobility and the Accumulation of Capital
Garcia-Peñalosa, Cecilia; Turnovsky, Stephen - CESifo - 2013
We examine the determinants of income mobility and inequality in a Ramsey model with elastic labor supply and … relationship between mobility and inequality is complex. For example, a reduction in the interest rate and an increase in the wage … rate reduce capital income inequality and allow upward mobility of the ability-rich. However, the increase in the labor …
Persistent link: https://www.econbiz.de/10010732346
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Well-being Inequality and Reference Groups - An Agenda for New Research
Praag, Bernard M.S. Van - CESifo - 2010
It is argued that the concept of well –being inequality cannot be properly defined without taking the referencing … happiness inequality in happiness studies.We plead for an extension of the present happiness paradigm by setting up a new …
Persistent link: https://www.econbiz.de/10008533999
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Labor Market Policies and European Crises
Bertola, Giuseppe - CESifo - 2013
This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in order to stabilize labor incomes and redistribute resources. It proposes a specific stylized model where the tradeoffs facing labor policies are influenced by structural factors,...
Persistent link: https://www.econbiz.de/10010706002
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Evaluating Real World Income Distributions behind the Veil of Ignorance - How Risk Averse do you have to be to Prefer Europe over the US?
Weichenrieder, Alfons; Zafar, Tasneem - CESifo - 2011
The paper uses a veil of ignorance approach and income distribution data of developed countries to arrive at inequality …
Persistent link: https://www.econbiz.de/10009368502