Showing 1 - 10 of 94
through housing wealth. …
Persistent link: https://www.econbiz.de/10011334237
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
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 … nondurable consumption and housing. I reach a similar conclusion for some separate consumption categories, such as food and …
Persistent link: https://www.econbiz.de/10012024427
-cycle incomplete-markets model with a liquid financial asset and illiquid housing to match the large heterogeneity of households asset …
Persistent link: https://www.econbiz.de/10011863469
Despite its theoretical merits, Land Value Taxation (LVT) is not a common policy instrument in most countries. One of the main reasons is uncertainty regarding its distributional impacts. This uncertainty has not been settled by the literature, due to a lack of appropriate data at the household...
Persistent link: https://www.econbiz.de/10012157296
website of housing listings for families with housing vouchers. We find that this information causes families to choose … estimate a dynamic model of families' search for housing on and off the website, as well as their location decisions. The model …
Persistent link: https://www.econbiz.de/10012158184
household sector and the housing stock in a two-region DSGE model with out of sync subnational housing markets and compare four …
Persistent link: https://www.econbiz.de/10011794305
shocks specific to the housing sector. While our estimates show that monetary policy has large spillover effects on house …
Persistent link: https://www.econbiz.de/10011657893
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
Using high-frequency administrative data covering millions of US homeowners, I document three novel facts about homeowner responses to property tax increases driven by rising home values. First, non-migrating homeowners cut consumption, exhibit financial distress, and do not borrow against their...
Persistent link: https://www.econbiz.de/10014564315