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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 in new construction and (ii) lead to the...

Persistent link: https://www.econbiz.de/10011277213

Mortgages and monetary policy

Garriga, Carlos; Kydland, Finn E.; Šustek, Roman - London School of Economics (LSE) - 2013

Mortgage loans are a striking example of a persistent nominal rigidity. As a result, under incomplete markets, monetary … policy affects decisions through the cost of new mortgage borrowing and the value of payments on outstanding debt. Observed …

Persistent link: https://www.econbiz.de/10011126379

Modelling and forecasting UK mortgage arrears and possessions

Aron, Janine; Muellbauer, John - London School of Economics (LSE) - 2010

This paper presents new models for aggregate UK data on mortgage possessions (foreclosures) and mortgage arrears … scenarios for forecasts to 2013 reveals the sensitivity of mortgage possessions and arrears to different economic conditions …, highlighting potential risks faced by the UK and its mortgage lenders. A comprehensive review of data on arrears and possessions …

Persistent link: https://www.econbiz.de/10011126430

Evaluating urban transport improvements: cost benefit analysis in the presence of agglomeration and income taxation

Venables, Tony - London School of Economics (LSE) - 2004

There is a substantial empirical literature quantifying the positive relationship between city size and productivity. The paper draws out the implications of this productivity relationship for evaluations of urban transport improvements. A theoretical model is developed and used to derive a...

Persistent link: https://www.econbiz.de/10010745008

Urban density and pupil attainment

Gibbons, Stephen; Silva, Olmo - London School of Economics (LSE) - 2007

We explore the association between urban density and pupil attainment using three cohorts of pupils in schooling in England. Although – as widely recognised – attainment in dense urban places is low on average, this is not because urban environments disadvantage pupils, but because the most...

Persistent link: https://www.econbiz.de/10010745993

The effects of agglomeration on wages: evidence from the micro-level

Fingleton, Bernard; Longhi, Simonetta - London School of Economics (LSE) - 2011

This paper estimates individual wage equations in order to test two rival non-nested theories of economic agglomeration, namely New Economic Geography (NEG), as represented by the NEG wage equation and urban economic (UE) theory, in which wages relate to employment density. The paper makes an...

Persistent link: https://www.econbiz.de/10011126078

Measuring well-being and exclusion in Europe's regions

Stewart, Kitty - London School of Economics (LSE) - 2002

The Lisbon summit of the European Council in March 2000 declared the number of people living in poverty and social exclusion in the European Union to be unacceptable, and called for steps to tackle the issue, beginning with the setting of targets for particular indicators. The targets suggested...

Persistent link: https://www.econbiz.de/10011126405

Urban density and pupil attainment

Gibbons, Stephen; Silva, Olmo - London School of Economics (LSE) - 2008

We explore the association between urban density and pupil attainment using three cohorts of pupils in schooling in England. Although—as widely recognised—attainment in dense urban places is low on average, this is not because urban environments disadvantage pupils, but because the most...

Persistent link: https://www.econbiz.de/10011126589

The mortgage interest deduction and its impact on homeownership decisions

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

This paper examines the impact of the combined U.S. state and federal mortgage interest deduction (MID) on …

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 good provision. A model of individual investment decisions predicts that in a setting with high property transaction costs (i) homeowners are more likely to invest in social...

Persistent link: https://www.econbiz.de/10010928759

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