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Do remote workers deter neighborhood crime? : evidence from the rise of working from home
Matheson, Jesse; McConnell, Brendon; Rockey, James; … - 2024
In this paper, we provide the first evidence of the effect of the shift to remote work on crime. We examine the impact of the rise of working from home (WFH) on neighborhood-level burglary rates, exploiting geographically granular crime data and a neighborhood WFH measure. We document three key...
Persistent link: https://www.econbiz.de/10014467371
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Homeownership : low household mobility, volatile housing prices, high income dispersion
Ortalo-Magné, François; Rady, Sven - 2002
joint location and tenure mode decisions. To investigate the effect of homeownership on equilibrium prices and allocations … three results. First, homeownership enables more households to remain in the more desirable location at the expense of … newcomers. Second, homeownership adds to the volatility of the housing market. Third, homeownership may amplify the dispersion …
Persistent link: https://www.econbiz.de/10011514075
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Why do buyers pay different prices for comparable products? : evidence from the housing market
Siebert, Ralph; Seiler, Michael J. - 2020
We focus on the housing market and examine why nonlocal home buyers (NLBs) pay 15 percent more for houses than local home buyers (LBs). We estimate a housing demand model that returns heterogeneous willingness to pay parameters for housing attributes. Our results show that NLBs are willing to...
Persistent link: https://www.econbiz.de/10012225430
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Micro-geographic property price and rent indices
Ahlfeldt, Gabriel M.; Heblich, Stephan; Seidel, Tobias - 2021
units from repeated cross-sections of geocoded micro data. The algorithm combines parametric and non-parametric estimation …
Persistent link: https://www.econbiz.de/10012597680
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Do as essay, not as I do? : how inflated list prices of unsold essayer homes affect the price discovery process
Agarwal, Sumit; Seiler, Michael J.; Siebert, Ralph - 2022
In the U.S. real estate market, around 30 percent of listed properties remain unsold. We examine whether unsold property listings exert externalities in the housing market. Our study builds on a comprehensive dataset that encompasses residential property listings in Orange County (California)...
Persistent link: https://www.econbiz.de/10013440434
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Game of zones : the political economy of conservation areas
Ahlfeldt, Gabriel M.; Möller, Kristoffer; Waights, Sevrin - 2014 - Version: April 2014
and thus impose a cost to their owners. We test a simple theory of the designation process in which we postulate that the …
Persistent link: https://www.econbiz.de/10010344812
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Estimation of welfare effects in hedonic difference-in-differences : the case in school redistricting
Ding, Xiaozhou; Bollinger, Christopher R.; Clark, Michael; … - 2023
prices has been widely used in the literature of hedonic estimation in the past decade. However, concerns have been raised …
Persistent link: https://www.econbiz.de/10014391280
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Delivering affordable housing and neighborhood quality : a comparison of place- and tenant-based programs
Eerola, Essi; Saarimaa, Tuukka - 2017 - This version: September 2017
This paper analyzes the relative merits of large place- and tenant-based housing programs in Finland in terms of housing affordability and neighborhood quality. Using hedonic regression methods and household micro data, we find that rent savings to public housing tenants are less targeted...
Persistent link: https://www.econbiz.de/10011734387
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Das House-Kapital : a theory of wealth-to-income ratios
Grossmann, Volker; Steger, Thomas - 2016 - April 11, 2016 (Version 1.1)
This paper provides a novel macroeconomic model that is specifically designed to investigate the evolution of housing wealth. To capture the importance of land as an input factor for housing production and for the evolution of wealth in a growing economy, the analysis builds on three premises:...
Persistent link: https://www.econbiz.de/10011451042
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Housing-consumption channel of mortgage demand
Ahlfeldt, Gabriel M.; Szumilo, Nikodem; Tripathy, Jagdish - 2024
We quantify the housing-consumption channel in mortgage demand according to which households borrow more following house-price increases since housing and non-housing consumption are imperfect substitutes. To identify this channel, we take a structural approach to mortgage demand and supply,...
Persistent link: https://www.econbiz.de/10014637339