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Drivers of Homeownership Rates in Selected OECD Countries

Andrews, Dan; Sánchez, Aida Caldera - Economics Department, Organisation de Coopération et … - 2011

Homeownership rates have increased significantly in many OECD countries over recent decades. Using micro … homeownership rates remains unexplained by shifts in household characteristics, leaving a potential role for public policy in … explaining developments in homeownership rates. Panel estimates suggest that the relaxation of down-payment constraints on …

Persistent link: https://www.econbiz.de/10008873251

Real House Prices in OECD Countries: The Role of Demand Shocks and Structural and Policy Factors

Andrews, Dan - Economics Department, Organisation de Coopération et … - 2010

This paper analyses the factors influencing the level and volatility of real house prices in a panel of OECD countries over the period 1980-2005. Results suggest that real house prices tend to rise proportionally with real household incomes, while declines in structural unemployment and real...

Persistent link: https://www.econbiz.de/10008764468

Building Blocks for a Better Functioning Housing Market in Chile

Sánchez, Aida Caldera - Economics Department, Organisation de Coopération et … - 2012

Chile has made good progress in improving housing conditions, but still around 10% of the population lives in either overcrowded houses, or of inadequate quality and/or with poor access to basic services. Improving further housing conditions of the poor is important for curbing poverty and...

Persistent link: https://www.econbiz.de/10009645560

Housing Markets and Structural Policies in OECD Countries

Andrews, Dan; Sánchez, Aida Caldera; Johansson, Åsa - Economics Department, Organisation de Coopération et … - 2011

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

The Price Responsiveness of Housing Supply in OECD Countries

Sánchez, Aida Caldera; Johansson, Åsa - Economics Department, Organisation de Coopération et … - 2011

The responsiveness of housing supply to changes in prices bears important implications for the evolution of housing prices and the speed of adjustment of housing markets. This paper estimates the long-run price elasticity of new housing supply in 21 OECD countries based on a stock-flow model of...

Persistent link: https://www.econbiz.de/10008799709

To Move or not to Move: What Drives Residential Mobility Rates in the OECD?

Sánchez, Aida Caldera; Andrews, Dan - Economics Department, Organisation de Coopération et … - 2011

Residential mobility is closely tied to housing market forces and has important implications for labour mobility and the efficient allocation of resources across the economy. This paper analyses patterns of residential mobility across OECD countries and the role of housing policies in enhancing...

Persistent link: https://www.econbiz.de/10008854031

Housing Price and Investment Dynamics in Finland

André, Christophe; García, Clara - Economics Department, Organisation de Coopération et … - 2012

The Finnish housing market is volatile. After declining significantly as the global financial crisis unfolded, housing prices and investment recovered to reach new peaks. This paper uses a small econometric model to assess the role of fundamentals in housing price and investment developments....

Persistent link: https://www.econbiz.de/10011276861

A Revival of the Private Rental Sector of the Housing Market?: Lessons from Germany, Finland, the Czech Republic and the Netherlands

Boer, Rik de; Bitetti, Rosamaria - Economics Department, Organisation de Coopération et … - 2014

This Working Paper studies ways to stimulate the private rental sector (PRS) of the housing market – and compares experiences with policies and reforms in Germany, the Netherlands, Finland and the Czech Republic. Although in many countries the PRS has decreased in importance since the Second...

Persistent link: https://www.econbiz.de/10011276945

Maintaining an Efficient and Equitable Housing Market in Belgium

Zwart, Sanne - Economics Department, Organisation de Coopération et … - 2015

homeownership would free up public resources and reduce the bias towards homeownership. Other challenges to the efficiency of the …

Persistent link: https://www.econbiz.de/10011276969

A Bird's Eye View of OECD Housing Markets

André, Christophe - Economics Department, Organisation de Coopération et … - 2010

Housing markets have played a prominent role in macroeconomic developments over recent years. For a great part of the 2000s, buoyant housing markets have contributed to sustained economic activity in most OECD countries. But many markets overheated and the collapse of the US subprime mortgage...

Persistent link: https://www.econbiz.de/10008480480