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Price and Prejudice : Housing Rents Reveal Racial Animus
Brülhart, Marius; Klinke, Gian-Paolo; Marcucci, Andrea; … - 2023
We study market rents in the neighborhood of asylum seeker hosting centers. Our empirical setting exploits the quasi-random opening of centers and spatial allocation of asylum seekers in Switzerland. Rents within 0.7km of an active center are found on average to be 3.8% lower than rents in the...
Persistent link: https://www.econbiz.de/10014357814
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Gentrification and Affordable Housing Policies
Borck, Rainald; Gohl, Niklas - 2021
temporary rent control policy in Berlin, Germany. We calibrate the model to key features of Berlin’s housing market, in … particular the recent gentrification of inner city locations. As expected, gentrification benefits rich homeowners, while poor … renter households lose. Our counterfactual analysis mimicks the rent control policy. We find that this policy reduces welfare …
Persistent link: https://www.econbiz.de/10013312059
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Euro Area House Prices and Unconventional Monetary Policy Surprises
Hülsewig, Oliver; Rottmann, Horst - 2021
This paper examines the reaction of house prices in a panel of euro area countries to monetary policy surprises over …
Persistent link: https://www.econbiz.de/10013229702
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Micro-Geographic Property Price and Rent Indices
Ahlfeldt, Gabriel M.; Heblich, Stephan; Seidel, Tobias - 2021
We develop a programming algorithm that predicts a balanced-panel mix-adjusted house price index for arbitrary spatial … sparse. To illustrate the functionality, we generate a panel of German property prices and rents that is unprecedented in its … the density bias of price-to-rent ratios in levels and trends, within and between cities. Our method lends itself to the …
Persistent link: https://www.econbiz.de/10013219061
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Household Expenditures, Wages, Rents
Davis, Morris A.; Ortalo-Magné, François - 2021
We provide new evidence from the 1980, 1990, and 2000 Decennial Census of Housing that the expenditure share on housing is constant over time and across U.S. metropolitan areas (MSA). Consistent with this observation, we consider a basic model in which identical households with Cobb-Douglas...
Persistent link: https://www.econbiz.de/10013316666
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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
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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
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Intratemporal Nonseparability between Housing and Nondurable Consumption : Evidence from Reinvestment in Housing Stock
Khorunzhina, Natalia - 2019
Using the data on maintenance expenditures and self-assessed house value, I separate the measure of individual housing stock and house prices, and use these data for testing whether nondurable consumption and housing are characterized by intratemporal nonseparability in households' preferences....
Persistent link: https://www.econbiz.de/10012866381
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Who Bears the Burden of Real Estate Transfer Taxes? Evidence from the German Housing Market
Dolls, Mathias; Fuest, Clemens; Krolage, Carla; … - 2021
This paper examines the effects of real estate transfer taxes (RETT) on property prices using a rich micro dataset of roughly 17 million German properties for the period from 2005 to 2019. We exploit a 2006 constitutional reform that allows states to set their own RETT rates, leading to frequent...
Persistent link: https://www.econbiz.de/10013250043
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Housing Market Expectations
Kuchler, Theresa; Piazzesi, Monika; Stroebel, Johannes - 2022
We review the recent literature on the determinants and effects of housing market expectations. We begin by providing an overview of existing surveys that elicit housing market expectations, and discuss how those surveys may be expanded in the future. We then document a number of facts about...
Persistent link: https://www.econbiz.de/10013293032