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Heterogeneity within communities : a stochastic model with tenure choice
Ortalo-Magné, François (contributor);  … - 2005
Standard explanations for the income heterogeneity within neighborhoods rely on differences of preferences across households and heterogeneity of the housing stock. We propose an alternative and complementary explanation. We construct a stochastic equilibrium sorting model where (1) income is...
Persistent link: https://www.econbiz.de/10002855750
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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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Workforce location and equilibrium unemployment in a duocentric economy with matching frictions
Lehmann, Etienne; Montero Ledezma, Paola L.; Van der … - 2015
This article examines unemployment disparities and efficiency in a densely populated economy with two job centers and workers distributed between them. We introduce commuting costs and search-matching frictions to deal with the spatial mismatch between workers and firms. In a decentralized...
Persistent link: https://www.econbiz.de/10011342369
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The economic value of cultural diversity : Evidence from US Cities
Ottaviano, Gianmarco I. P.; Peri, Giovanni - 2004
We use data on wages and rents in different U.S. cities to assess the amenity effects on production and consumption of cultural diversity as measured by diversity of countries of birth of city residents. We show that US-born citizens living in metropolitan areas where the share of foreign-born...
Persistent link: https://www.econbiz.de/10011404281
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The causal effects of place on health and longevity
Deryugina, Tatyana; Molitor, David - 2021
Life expectancy varies substantially across local regions within a country, raising conjectures that place of residence affects health. However, population sorting and other confounders make it difficult to disentangle the effects of place on health from other geographic differences in life...
Persistent link: https://www.econbiz.de/10012628696
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Income taxes and the mobility of the rich : evidence from US and UK households in Switzerland
Köthenbürger, Marko; Naguib, Costanza; Stettler, Christian - 2023
We provide quasi-experimental evidence on the income tax-induced migration of foreign high-income households living in Switzerland by exploiting the differential tax treatment of UK and US households. While the two groups are similar in terms of non-tax sorting preferences, US households are...
Persistent link: https://www.econbiz.de/10014251885
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Cities and the structure of social interactions : evidence from mobile phone data
Büchel, Konstantin; Ehrlich, Maximilian von - 2017
Social interactions are considered pivotal to agglomeration economies. We explore a unique dataset on mobile phone calls to examine how distance and population density shape the structure of social interactions. Exploiting an exogenous change in travel times, we show that distance is highly...
Persistent link: https://www.econbiz.de/10011688211
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Does homeownership promote wealth accumulation?
Kaas, Leo; Kocharkov, Georgi; Preugschat, Edgar - 2016
is often used as an argument for policies that foster homeownership. However, the causal link between homeownership and … wealth position of the household only through homeownership. For the sample of inheritors we find that the local average …
Persistent link: https://www.econbiz.de/10011429581
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Wealth inequality and homeownership in Europe
Kaas, Leo; Kocharkov, Georgi; Preugschat, Edgar - 2015
between the countries of the Euro area. We find a strong negative correlation between wealth inequality and homeownership … by homeownership status shows that the negative relationship is mostly driven by large between-group inequality across … crosscountry inequality differences. We confirm the major role for homeownership rates in accounting for the wealth inequality …
Persistent link: https://www.econbiz.de/10011334237
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Homeownership and entrepreneurship : the role of mortgage debt and commitment
Bracke, Philippe; Hilber, Christian; Silva, Olmo - 2014
We study the link between homeownership, mortgage debt, and entrepreneurship using a model of occupational choice and …
Persistent link: https://www.econbiz.de/10010425992