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Growing Apart? A Tale of Two Republics : Estonia and Georgia

Gylfason, Thorvaldur; Hochreiter, Eduard - 2021

We compare and contrast the economic growth performance of Estonia and Georgia since the collapse of the Soviet Union in 1991 in an attempt to understand better the extent to which the growth differential between the two countries can be traced to increased efficiency in the use of capital and...

Persistent link: https://www.econbiz.de/10013316667

Isolating a Culture of Son Preference Among Armenian, Georgian, and Azeri Parents in Soviet-Era Russia

Schief, Matthias; Vogt, Sonja; Churilova, Elena; … - 2023

This paper analyzes historical census data from the final Soviet census in 1989. We find that, even in the absence of sex-selective abortions, the fertility decisions of Armenian, Georgian, and Azeri parents living in Russia in the late 1970s and the 1980s were significantly more son-biased than...

Persistent link: https://www.econbiz.de/10014347353

Explaining spatial variation in homeownership rates: Results for German regions

Lerbs, Oliver; Oberst, Christian - 2011

A wide range of aggregate data is used to examine the spatial variation in homeownership rates among a cross-section of … spatial dependence in homeownership levels. In addition to familiar demographic and socioeconomic variables, the regional … disparities in homeownership rates between eastern and western Germany as well as between rural, urbanized and agglomerated …

Persistent link: https://www.econbiz.de/10010274774

Home Ownership and Monetary Policy Transmission

Koeniger, Winfried - 2019

We present empirical evidence on the heterogeneity in monetary policy transmission across countries with different home ownership rates. We use household-level data together with shocks to the policy rate identified from high-frequency data. We find that housing tenure reacts more strongly to...

Persistent link: https://www.econbiz.de/10012892226

Pensions, Income Taxes and Homeownership : A Cross-Country Analysis

Fehr, Hans; Hofmann, Maurice; Kudrna, George - 2021

This paper studies the role of pensions and income taxes in determining homeownership and household wealth. It provides … have similar incomes per capita but very different homeownership rates, with the US and Australia having much higher … homeownership compared to Germany. The question is to what extent the observed differences in homeownership are induced by national …

Persistent link: https://www.econbiz.de/10013216249

Robustly Optimal Monetary Policy in a New Keynesian Model with Housing

Adam, Klaus - 2020

We analytically characterize optimal monetary policy for an augmented New Keynesian model with a housing sector. With rational private sector expectations about housing prices and inflation, optimal monetary policy can be characterized by a standard 'target criterion' that refers to inflation...

Persistent link: https://www.econbiz.de/10012840227

How Do School District Boundary Changes and New School Proposals Affect Housing Prices

Ding, Xiaozhou - 2020

In the past fifty years, a voluminous literature estimating the value of schools through capitalization in home prices has emerged. Prior research has identified capitalized value using various approaches including discontinuities caused by boundaries. We use changes in school boundaries and the...

Persistent link: https://www.econbiz.de/10012842382

Estimation and Inference for Spatial Models with Heterogeneous Coefficients : An Application to U.S. House Prices

Aquaro, Michele - 2019

This paper considers the problem of identification, estimation and inference in the case of spatial panel data models with heterogeneous spatial lag coefficients, with and without (weakly) exogenous regressors, and subject to heteroskedastic errors. A quasi maximum likelihood (QML) estimation...

Persistent link: https://www.econbiz.de/10012890630

Redrawing of a Housing Market : Insurance Payouts and Housing Market Recovery in the Wake of the Christchurch Earthquake of 2011

Nguyen, Cuong - 2020

On the 22nd of February 2011, much of the residential housing stock in the city of Christchurch, New Zealand, was damaged by an unusually destructive earthquake. Almost all of the houses were insured. We ask whether insurance was able to mitigate the damage adequately, or whether the damage from...

Persistent link: https://www.econbiz.de/10012822499

Effects of Housing Transfer Taxes on Household Mobility

Eerola, Essi - 2019

Housing transfer taxes are fiscally important in many countries despite evidence of substantial welfare losses found in several quasi-experimental studies. Research designs used in this prior literature are prone to attenuation bias due to spillovers from mobility or trading across control and...

Persistent link: https://www.econbiz.de/10012865921