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Housing transfer taxes are fiscally important in many countries despite evidence of substantial welfare losses found in …-experimental empirical analysis with a one-sided housing market model where households act as both buyers and sellers. Using a Finnish tax … household mobility. We calibrate our theoretical model to match the mobility rates in our data and our quasi …
Persistent link: https://www.econbiz.de/10012865921
We study the effects of limited attention on property prices and energy efficiency (EE) investments in the housing …
Persistent link: https://www.econbiz.de/10013315011
housing cost differentials, endogenously responding to migration flows. The model can be used for the analysis of spatial …
Persistent link: https://www.econbiz.de/10013323973
This paper investigates the US housing market from just before the Great Recession onward (2006-2019) and assesses the … housing slump sooner, faster, and more prominently than slower sales. The simulated stock-flow matching model can not only … the importance of stock-flow matching for understanding housing market dynamics …
Persistent link: https://www.econbiz.de/10014243085
We develop a dynamic spatial model in which heterogeneous workers are imperfectly mobile and forward-looking and yet all structural fundamentals can be inverted without assuming that the economy is in a stationary spatial equilibrium. Exploiting this novel feature of the model, we show that the...
Persistent link: https://www.econbiz.de/10013314774
cycle. Decreasing discounting helps a canonical life-cycle model to explain the household saving puzzles of undersaving when …
Persistent link: https://www.econbiz.de/10013239561
welfare maximizing tax structure. We calibrate the model to German household data and a 30 percent emission reduction goal … revenue via household-specific transfers is the first-best policy. Equal per-capita transfers do not suffer from informational …
Persistent link: https://www.econbiz.de/10013239565
asymmetric equilibrium featuring household specialization can arise. Examples where the asymmetric equilibrium is welfare …
Persistent link: https://www.econbiz.de/10013293277
We develop a dynamic spatial model in which heterogeneous workers are imperfectly mobile and forward-looking and yet all structural fundamentals can be inverted without assuming that the economy is in a stationary spatial equilibrium. Exploiting this novel feature of the model, we show that the...
Persistent link: https://www.econbiz.de/10012425673
The Easterlin paradox" suggests that there is no link between a society's economic development and its average level of happiness. We re-assess this paradox analyzing multiple rich datasets spanning many decades. Using recent data on a broader array of countries, we establish a clear positive...
Persistent link: https://www.econbiz.de/10010264434