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Neighborhood dynamics and the housing price effects of spatially targeted economic development policy
Krupka, Douglas J.; Noonan, Douglas S. - 2009
Neighborhoods are the result of a complicated interplay between residential choice, housing supply and the influences of the larger metropolitan system on its constituent parts. We model this interplay as a system of reduced-form equations in order to examine the effects of a generous spatially...
Persistent link: https://www.econbiz.de/10003879342
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Welfare effects of property taxation
Löffler, Max; Siegloch, Sebastian - 2021
We analyze the welfare implications of property taxation. Using a sufficient statistics approach, we show that the tax incidence depends on how housing prices, labor and other types of incomes as well as public services respond to property tax changes. Empirically, we exploit the German...
Persistent link: https://www.econbiz.de/10012486956
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The understated "housing shortage" in the United States
Corinth, Kevin; Dante, Hugo - 2022
Following popular discourse, we abuse economic terminology by defining the "housing shortage" in the United States as the difference between the number of homes that would be built in the absence of supply constraints and the actual number of homes. The magnitude of the housing shortage is...
Persistent link: https://www.econbiz.de/10013329574
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How does the economic uncertainty affect asset prices under normal and financial distress times?
Balcilar, Mehmet; Ozdemir, Zeynel Abidin; Ozdemir, Huseyin - 2022
By using a nonlinear VAR model, we investigate whether the response of the US stock and housing markets to uncertainty shocks depends on financial conditions. Our model allows us to change the response of the US financial markets to volatility shocks in periods of normal and financial distress....
Persistent link: https://www.econbiz.de/10013198932
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The ins and outs of selling houses : understanding housing-market volatility
Ngai, Liwa Rachel; Sheedy, Kevin D. - 2023
The housing market is subject to search frictions in buying and selling houses. This paper documents the role of inflows (new listings) and outflows (sales) in explaining the volatility and co-movement of housing-market variables. An 'ins versus outs' decomposition shows that both inflows and...
Persistent link: https://www.econbiz.de/10014428501
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Lives saved during economic downturns: evidence from Australia
Atalay, Kadir; Edwards, Rebecca; Schurer, Stefanie; … - 2020
Australia, a country with universal health care. Using administrative time-series data on mortality that varies by state, age … reduction in vehicle transport accidents. Our estimates imply 425 fewer deaths if Reserve Bank of Australia expectations of a … implementation of universal health care in Australia in 1984. Our results suggest that universal health care may insulate individuals …
Persistent link: https://www.econbiz.de/10012294848
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Does local business ownership insulate cities from economic shocks?
Kolko, Jed; Neumark, David - 2009
We assess a prominent argument for local economic policies that favor locally-owned businesses - namely, that locally-owned firms are more likely to internalize the costs to the community of decisions to reduce employment and hence help to insulate cities from adverse economic shocks. We test...
Persistent link: https://www.econbiz.de/10003898087
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Social housing and location choices of immigrants in France
Fougère, Denis; Kramarz, Francis; Rathelot, Roland; … - 2011
Our study examines the empirical links between social housing policy and location choices of immigrants in France. More specifically, we characterize the main individual and contextual determinants of the probability for immigrants to live in a HLM (habitations à loyer modéré, dwelling with a...
Persistent link: https://www.econbiz.de/10009233005
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How much do households dislike local density? : and do developers fully consider their preferences? : evidence from a policy change in Singapore
Fesselmeyer, Eric; Liu, Haoming; Poco, Louisa - 2021
This paper measures how much households dislike density in their immediate surroundings. Using transaction and administrative data in Singapore, and exploiting the introduction of a regulation that restricted the number of housing units for certain land lots, we find that households do indeed...
Persistent link: https://www.econbiz.de/10012623886
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COVID-19, race, and gender
Bertocchi, Graziella; Dimico, Arcangelo - 2021
The mounting evidence on the demographics of COVID-19 fatalities points to an overrepresentation of minorities and an underrepresentation of women. Using individual-level, race-disaggregated, and georeferenced death data collected by the Cook County Medical Examiner, we jointly investigate the...
Persistent link: https://www.econbiz.de/10012494007