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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

Game of zones : the political economy of conservation areas

Ahlfeldt, Gabriel M.; Möller, Torsten Kristoffer; … - 2014 - Version: April 2014

Provided there are positive external benefits attached to the historic character of buildings, owners of properties in designated conservation areas benefit from a reduction in uncertainty regarding the future of their area. At the same time, the restrictions put in place to ensure the...

Persistent link: https://www.econbiz.de/10010344812

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’...

Persistent link: https://www.econbiz.de/10012024427

The equilibrium effects of regulating junk fees : evidence from the rental brokerage market

Bakker, Jan David; Datta, Nikhil - 2025

Hidden “junk” fees have the potential to distort competition, creating high costs to consumers. However, regulating them can lead to adverse effects, especially in complex markets with intermediaries where they are most prevalent. To explore the equilibrium adjustments of regulating hidden...

Persistent link: https://www.econbiz.de/10015333371

Housing wealth across countries : the role of expectations, institutions and preferences

Le Blanc, Julia; Slacalek, Jirka; White, Matthew N. - 2025

Homeownership rates and holdings of housing wealth differ immensely across countries. We specify and estimate a life … explanatory factors for long-run, structural differences in the extensive and intensive margins of housing: the homeownership rate … wealth. We find that all three groups of factors matter, although preferences less so. Differences in homeownership rates are …

Persistent link: https://www.econbiz.de/10015186314

Income taxes, sorting, and the costs of housing : evidence from municipal boundaries in Switzerland

Basten, Christoph; Ehrlich, Maximilian von; Lassmann, Andrea - 2014

This paper provides novel evidence on the role of income taxes for residential rents and spatial sorting. Drawing on comprehensive apartment-level data, we identify the effects of tax differentials across municipal boundaries in Switzerland. The boundary discontinuity design (BDD) corrects for...

Persistent link: https://www.econbiz.de/10010383303

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

Home ownership and household portfolio choice

Michielsen, Thomas; Mocking, Remco; Veldhuizen, Sander van - 2016

We study the effect of home equity and indebtedness on financial portfolio choices of Dutch households during the period 2006-2012. Using a large administrative dataset at the household level we estimate how home equity and the outstanding mortgage amount influence the share of liquid assets...

Persistent link: https://www.econbiz.de/10011415276

Home ownership and monetary policy transmission

Koeniger, Winfried; Ramelet, Marc-Antoine - 2018

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/10011933761

Access to long term care after a wealth shock : evidence from the housing bubble and burst

Costa-Font, Joan; Frank, Richard G.; Swartz, Katherine - 2017

Home equity is the primary self-funding mechanism for long term services and supports (LTSS). Using data from the relevant waves of the Health and Retirement Study (1996-2010), we exploit the exogenous variation in the form of wealth shocks resulting from the value of housing assets, to examine...

Persistent link: https://www.econbiz.de/10011781405