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Imperfect competition in the labour market

Manning, Alan - London School of Economics (LSE) - 2010

It is increasingly recognized that labour markets are pervasively imperfectly competitive, that there are rents to the employment relationship for both worker and employer. This chapter considers why it is sensible to think of labour markets as imperfectly competitive, reviews estimates on the...

Persistent link: https://www.econbiz.de/10010745736

Evaluating the performance of the search and matching model

Yashiv, Eran - London School of Economics (LSE) - 2005

Does the search and matching model fit aggregate U.S. labor market data? While the model has become an important tool …

Persistent link: https://www.econbiz.de/10011071277

Labor search and matching in macroeconomics

Yashiv, Eran - London School of Economics (LSE) - 2007

The labor search and matching model plays a growing role in macroeconomic analysis. This paper provides a critical …

Persistent link: https://www.econbiz.de/10011071476

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

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 economic implications of house price capitalization: a synthesis

Hilber, Christian A. L. - London School of Economics (LSE) - 2015

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

Local economic conditions and the nature of new housing supply

Hilber, Christian A. L.; Rouwendal, Jan; Vermeulen, Wouter - London School of Economics (LSE) - 2014

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

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