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House prices and rents: micro evidence from a matched dataset in Central London

Bracke, Philippe - London School of Economics (LSE) - 2013

Using the proprietary dataset of a real estate agency, I analyse tens of thousands of housing sale and rental …

Persistent link: https://www.econbiz.de/10010744927

Capitalization of central government grants into local house prices: panel data evidence from England

Hilber, Christian A. L.; Lyytikainen, Teemu; Vermeulen, … - London School of Economics (LSE) - 2010

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

Explaining the black-white homeownership gap: the role of own wealth, parental externalities and locational preferences

Hilber, Christian A. L.; Liu, Yingchun - London School of Economics (LSE) - 2007

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

The economics implications of house price capitalization a survey of an emerging literature

Hilber, Christian A. L. - London School of Economics (LSE) - 2011

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

Historic amenities, income and sorting of households

Koster, Hans R. A.; Rietveld, Piet; Van Ommeren, Jos - London School of Economics (LSE) - 2013

We test the impact of historic amenities on house prices and sorting of households within cities. Conservation area boundaries enable us to employ a semiparametric regression-discontinuity approach to measure the impact of historic amenities. The approach allows for household-specific...

Persistent link: https://www.econbiz.de/10011126409

The mortgage interest deduction and its impact on homeownership decisions

Hilber, Christian A. L.; Turner, Tracy M. - London School of Economics (LSE) - 2014

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

Do households use home-ownership to insure themselves? Evidence across U.S. cities

Amior, Michael; Halket, Jonathan - London School of Economics (LSE) - 2014

Are households more likely to be homeowners when “housing risk” is higher? We show that home-ownership rates and loan … inference is confounded by house price levels, which are systematically correlated with housing risk in an intuitive way: in …

Persistent link: https://www.econbiz.de/10011126690

The political economy of housing supply: homeowners, workers, and voters

Ortalo-Magné, François; Prat, Andrea - London School of Economics (LSE) - 2007

Equilibrium of the housing market depends on a complex set of interactions between: (1) individual location decisions …; (2) individual housing investment; (3) collective decisions on urban growth. We embed these three elements in a model of … shocks a¤ecting labor productivity. We characterize the feedback between the households’ desire to invest in housing as a …

Persistent link: https://www.econbiz.de/10011071149

New housing supply and the dilution of social capital

Hilber, Christian A. L. - London School of Economics (LSE) - 2007

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

The mortgage interest deduction and its impact on homeownership decisions

Hilber, Christian A. L.; Turner, Tracy M. - London School of Economics (LSE) - 2010

. 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