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Quality of life in a dynamic spatial model

Ahlfeldt, Gabriel M.; Bald, Fabian; Roth, Duncan; … - 2020

We develop a dynamic spatial model in which heterogeneous workers are imperfectly mobile and forward-looking and yet all structural fundamentals can be inverted without assuming that the economy is in a stationary spatial equilibrium. Exploiting this novel feature of the model, we show that the...

Persistent link: https://www.econbiz.de/10012388100

The short and the long of it : stock-flow matching in the US housing market

Smith, Eric; Xie, Zoe; Fang, Lei - 2022

This paper investigates the US housing market from just before the Great Recession onward (2006-2019) and assesses the … housing slump sooner, faster, and more prominently than slower sales. The simulated stock-flow matching model can not only … the importance of stock-flow matching for understanding housing market dynamics. …

Persistent link: https://www.econbiz.de/10013419282

The cost of well-being

Pettini, Anna; Patrizi, Vincenzo; Resce, Giuliano - 2015

Since measures of well-being are meant to be an exercise in documentation, but also a tool for policies and priorities, we suggest an operative way to use them. We evaluate both technical and social efficiency of countries in producing the Better Life Index (BLI) objectives. To assess the...

Persistent link: https://www.econbiz.de/10011305432

Economic growth and subjective well-being : reassessing the Easterlin paradox

Stevenson, Betsey (contributor); Wolfers, Justin (contributor) - 2008

The "Easterlin paradoxʺ suggests that there is no link between a society's economic development and its average level of happiness. We re-assess this paradox analyzing multiple rich datasets spanning many decades. Using recent data on a broader array of countries, we establish a clear positive...

Persistent link: https://www.econbiz.de/10003751098

Health and wellbeing spillovers of a partner's cancer diagnosis

Angelini, Viola; Costa-Font, Joan - 2023

Major health shocks can have far-reaching consequences on the welfare of an individual's support and emotional network. This paper investigates both long-term and short-term spillovers of a major non-communicable health shock, namely a cancer diagnosis (CD), on the health and well-being of an...

Persistent link: https://www.econbiz.de/10014292854

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 pay more for specific housing attributes, especially for house size and …

Persistent link: https://www.econbiz.de/10012225430

(Re-)distribution of personal incomes, education and economic performance across countries

Rehme, Günther - 2002

In many OECD countries income inequality has risen, but surprisingly redistribution as well. The theory attributes this …

Persistent link: https://www.econbiz.de/10011409838

Does the housing market react to new information on school quality?

Fiva, Jon H. (contributor); Kirkebøen, Lars J. (contributor) - 2008

Persistent link: https://www.econbiz.de/10003711851

Financial stability and monetary policy : a framework

Illing, Gerhard (contributor) - 2007

Persistent link: https://www.econbiz.de/10003496868

Housing market dynamics : on the contribution of income shocks and credit constraints

Ortalo-Magné, François; Rady, Sven - 2001

This paper presents a dynamic theory of housing market fluctuations. It develops a life-cycle model where households … following results. (1) Current income of young credit-constrained households affects housing prices independently of aggregate … income. (2) Housing prices and the number of housing transactions are positively correlated. (3) Housing prices over-react to …

Persistent link: https://www.econbiz.de/10011398664

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