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at first-time homeownership using the French Housing Survey. We use a pseudo-panel approach that takes into account the … before first-time homeownership, and take into account unobserved heterogeneity. Our results indicate that a spell in public … housing increases the hazard to homeownership, supporting the idea that, in France, the public housing policy provides an …
Persistent link: https://www.econbiz.de/10010732220
In this paper, we study the optimal unemployment benefits financing scheme when the economy is subject to labor market … imperfections characterized by real wage rigidities and search frictions. The US unemployment insurance financing is such that firms … are taxed proportionately to their layoffs to finance unemployment benefits. Using DSGE methodology, we investigate how …
Persistent link: https://www.econbiz.de/10010899923
While many countries have implemented various incentives to promote homeownership, this paper investigates the …
Persistent link: https://www.econbiz.de/10008793126
In this paper we examine the applicability of arbitrage theory to real estate. Arbitrage theory has been applied to the valuation of mortgages using partial differential equations, however the implicit assumptions made are problematic when applied to real estate. The latter is a very complex...
Persistent link: https://www.econbiz.de/10008792598
This paper provides a method to single out customer-based discrimination in the housing market. We build a matching …
Persistent link: https://www.econbiz.de/10010933935
In an often quoted article, Genesove and Mayer (2001) observe that house sellers are reluctant to sell at a loss, and attribute this finding to loss aversion. I show that loss aversion cannot explain this phenomenon.
Persistent link: https://www.econbiz.de/10010635268
matching technology and the prevailing surplus sharing rule. The model can be solved for the equilibrium submission fee, desk …
Persistent link: https://www.econbiz.de/10010930229
This paper experimentally investigates if and how people's competitiveness depends on their own gender and on the gender of people with whom they interact. Participants are given information about the gender of the co-participant they are matched with, they then choose between a tournament or a...
Persistent link: https://www.econbiz.de/10010739726
characteristics that the analyst does not observe. The social optimum must therefore trade off matching on incomes and matching on … set of feasible matchings and of the socially optimal matching. Then we show how data on the covariation of the types of …
Persistent link: https://www.econbiz.de/10008793769
of informational friction. The key modelling device is a paper-tojournal matching function, similar to the matching …
Persistent link: https://www.econbiz.de/10008833307