Showing 1 - 10 of 16
. We find that the MID only boosts homeownership attainment of higher income households in less tightly regulated housing …
Persistent link: https://www.econbiz.de/10010884709
regulated housing markets. In more restrictive places an adverse effect exists. The MID is an ineffective policy to promote …
Persistent link: https://www.econbiz.de/10011126437
This paper examines the role of local housing market conditions for social capital accumulation and neighborhood club … and social capital is stronger in more built-up neighborhoods with inelastic supply of new housing. In these neighborhoods …
Persistent link: https://www.econbiz.de/10010928759
In this article I argue that the extent to which fiscal variables are capitalized into house prices has important economic implications. I synthesize an emerging literature that explores the conditions under which public and private investments and intergovernmental transfers are capitalized...
Persistent link: https://www.econbiz.de/10011272169
We present a modified open monocentric city model that assumes that land is available for conversion into new housing … throughout the city. The model predicts that positive local income shocks (i) increase the city’s share of multi-family housing … Housing Survey from 1984 to 2004 and find support for both predictions. We confirm that the adjustment process is driven by …
Persistent link: https://www.econbiz.de/10011277213
We explore the impact of central government grants on local house prices in England using a panel data set of local authorities (LAs) from 2001 to 2008. Electoral targeting of grants to LAs by the incumbent national government provides an exogenous source of variation in grants that we exploit...
Persistent link: https://www.econbiz.de/10010745191
African Americans in the United States are considerably less likely to own their homes compared to Whites. Differences in household income and other socio-economic and demographic characteristics can only partially explain this gap and previous studies suggest that the ‘unexplained’ gap has...
Persistent link: https://www.econbiz.de/10010745486
House price capitalization – the adjustment of house prices to changes in local public service and tax levels – has long been thought to be a means of testing for efficiency in the local public sector. In this article I argue that the extent of house price capitalization itself may have...
Persistent link: https://www.econbiz.de/10011126064
destination housing market rises, the amount and quality of information collected fall, and the chances of making an ill …-informed housing purchase decision increases, reducing the likelihood of such a purchase. Since owning relative to renting is … decrease with the distance moved. Using data from the Survey of English Housing from 1993 to 2008, we document that, consistent …
Persistent link: https://www.econbiz.de/10011126634
We estimate the effect of the UK Stamp Duty Land Tax on household mobility using micro data. Exploiting a discontinuity in the tax schedule as a quasi-experimental setting, we isolate the impact of the stamp duty from other determinants of mobility. Our empirical strategy essentially compares...
Persistent link: https://www.econbiz.de/10011126731