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Converting Brown Offices to Green Apartments
Gupta, Arpit; Martinez, Candy; Nieuwerburgh, Stijn van - National Bureau of Economic Research - 2023
: oversupply of office in a hybrid-and-remote-work world, shortage of housing, and excessive greenhouse gas emissions. We propose a … housing. We highlight the role that the Inflation Reduction Act could play …
Persistent link: https://www.econbiz.de/10014337764
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Robbing Peter to Pay Paul? The Redistribution of Wealth Caused by Rent Control
Ahern, Kenneth R.; Giacoletti, Marco - National Bureau of Economic Research - 2022
We use the price effects caused by the passage of rent control in St. Paul, Minnesota in 2021, to study the transfer of wealth across income groups. First, we find that rent control caused property values to fall by 6-7%, for an aggregate loss of $1.6 billion. A calibrated model of house prices...
Persistent link: https://www.econbiz.de/10013210111
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Discovery of Unregulated Contaminants in Drinking Water : Evidence from PFAS and Housing Prices
Marcus, Michelle M.; Mueller, Rosie - National Bureau of Economic Research - 2023
water to study the impact of information about unregulated contaminants on housing prices. Using residential property …
Persistent link: https://www.econbiz.de/10014372488
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Public Education and Intergenerational Housing Wealth Effects
Gilraine, Michael; Graham, James; Zheng, Angela - National Bureau of Economic Research - 2023
quantify this housing wealth channel using an overlapping generations model with neighborhood choice, spatial equilibrium, and … endogenous school quality. Housing market shocks in the model generate large intra- and intergenerational wealth effects, with …
Persistent link: https://www.econbiz.de/10014322733
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Beyond Racial Attitudes : The Role of Outside Options in the Dynamics of White Flight
Blair, Peter Q. - National Bureau of Economic Research - 2023
When the fraction of minorities in a neighborhood exceeds the tipping point white flight accelerates. I develop a revealed-preference method to estimate the tipping points of 38,000 census tracts and the preferences of households for minority neighbors in the 123 Metropolitan Statistical Areas...
Persistent link: https://www.econbiz.de/10014250154
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Urban Renewal and Inequality : Evidence from Chicago's Public Housing Demolitions
Almagro, Milena; Chyn, Eric; Stuart, Bryan A. - National Bureau of Economic Research - 2023
housing demolitions sponsored by the HOPE VI program. Focusing on Chicago, we study welfare and racial disparities in the … households. Counterfactual simulations explore how housing policy mitigates negative effects of demolitions and suggest that … increased public housing site redevelopment is the most effective policy for reducing racial inequality …
Persistent link: https://www.econbiz.de/10013537732
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Remote Work and City Structure
Monte, Ferdinando; Porcher, Charly; Rossi-Hansberg, Esteban - National Bureau of Economic Research - 2023
We study the adoption of remote work within cities and its effect on city structure and welfare. We develop a dynamic model of a city in which workers can decide to work in the central business district (CBD) or partly at home. Working in the CBD allows them to interact with other commuters,...
Persistent link: https://www.econbiz.de/10014322881
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Understanding Rationality and Disagreement in House Price Expectations
Li, Zigang; Nieuwerburgh, Stijn van; Wang, Renxuan - National Bureau of Economic Research - 2023
parameters of the house price growth process and the underlying state of the housing market. Slow learning about the long …
Persistent link: https://www.econbiz.de/10014322902
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The Economics of Cities : From Theory to Data
Redding, Stephen - National Bureau of Economic Research - 2023
Economic activity is highly unevenly distributed within cities, as reflected in the concentration of economic functions in specific locations, such as finance in the Square Mile in London. The extent to which this concentration reflects natural advantages versus agglomeration forces is central...
Persistent link: https://www.econbiz.de/10013537769
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Are Swedish House Prices Too High? Why the Price-to-Income Ratio Is a Misleading Indicator
Svensson, Lars E. O. - National Bureau of Economic Research - 2023
According to ECB (2023) and European Systemic Risk Board (2022), Swedish owner-occupied housing (OOH) was overvalued by …The PTI ratio disregards mortgage rates and other housing costs and lacks scientific support. According to a large … housing literature, it is not the purchase price but the user cost that is the appropriate measure of the cost of living in …
Persistent link: https://www.econbiz.de/10014436993