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A Dynamic Model of Demand for Houses and Neighborhoods
Bayer, Patrick - 2011
This paper develops a dynamic model of neighborhood choice along with a computationally light multi-step estimator. The proposed empirical framework captures observed and unobserved preference heterogeneity across households and locations in a flexible way. The model is estimated using a newly...
Persistent link: https://www.econbiz.de/10012461407
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Moving and Housing Expenditure : Transaction Costs and Disequilibrium
Venti, Steven F. - 1982
The paper emphasizes initially the effects of moving transaction costs on the potential effect of government rent subsidy programs. As a concomitant to this analysis, the paper reaffirms the low income elasticities of housing expenditure among low-income renters found by others. Moving...
Persistent link: https://www.econbiz.de/10012478093
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Memory and Reference Prices : an Application to Rental Choice
Bordalo, Pedro - 2019
Simonsohn and Loewenstein (SL 2006) present evidence that a household moving from one US city to another tends to pay a rent level that is closer to the city of origin, relative to comparable locals. Building on "Memory, Attention, and Choice" (BGS 2019), we show that these effects emerge from...
Persistent link: https://www.econbiz.de/10012479601
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Place-Based Drivers of Mortality : Evidence from Migration
Finkelstein, Amy - 2019
We estimate the effect of current location on elderly mortality by analyzing outcomes of movers in the Medicare population. We control for movers' origin locations as well as a rich vector of pre-move health measures. We also develop a novel strategy to adjust for remaining unobservables, based...
Persistent link: https://www.econbiz.de/10012479924
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Creating Moves to Opportunity : Experimental Evidence on Barriers to Neighborhood Choice
Bergman, Peter - 2019
income mobility. One potential explanation for this pattern is that families prefer such neighborhoods for other reasons … to moving to high-upward-mobility neighborhoods: customized search assistance, landlord engagement, and short …-term financial assistance. The intervention increased the fraction of families who moved to high-upward-mobility areas from 14% in …
Persistent link: https://www.econbiz.de/10012480110
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Behavioral Responses to State Income Taxation of High Earners : Evidence from California
Rauh, Joshua - 2019
Drawing on the universe of California income tax filings and the variation imposed by a 2012 tax increase of up to 3 percentage points for high-income households, we present new findings about the effects of personal income taxation on household location choice and pre-tax income. First, over...
Persistent link: https://www.econbiz.de/10012480293
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The Children of HOPE VI Demolitions : National Evidence on Labor Market Outcomes
Haltiwanger, John C. - 2020
We combine national administrative data on earnings and participation in subsidized housing to study how the demolition of 160 public housing projects--funded by the HOPE VI program--affected the adult labor market outcomes for 18,500 children. Our empirical strategy compares children exposed to...
Persistent link: https://www.econbiz.de/10012482376
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Does Home Owning Smooth the Variability of Future Housing Consumption?
Paciorek, Andrew - 2010
We show that the hedging benefit of owning a home reduces the variability of housing consumption after a move. When a current home owner's house price covaries positively with housing costs in a future city, changes in the future cost of housing are offset by commensurate changes in wealth...
Persistent link: https://www.econbiz.de/10012462126
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Housing Busts and Household Mobility
Ferreira, Fernando - 2008
Using two decades of American Housing Survey data from 1985-2005, we estimate the impact on household mobility of … higher, mobility rates over time. The impacts are economically large, with mobility being almost 50 percent lower for owners … consequences of lock-in and reduced household mobility because they are quite different from those associated with default and …
Persistent link: https://www.econbiz.de/10012464339
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Housing Price Volatility and Downsizing in Later Life
Banks, James - 2007
In this paper, we modeled several types of housing transitions of the elderly in two countries -- Britain and the United States. One important form of these transitions involves downsizing of housing consumption, the importance of which among older households is still debated. This downsizing...
Persistent link: https://www.econbiz.de/10012465150