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Superstition, Conspicuous Spending, and Housing Markets : Evidence from Singapore
Agarwal, Sumit - 2016
For most people, buying a home is their single largest financial commitment. Previous research shows that Chinese buyers pay less for homes with unlucky addresses and more for homes with lucky addresses. Using Singapore data on housing transactions combined with a plethora of individual buyer...
Persistent link: https://www.econbiz.de/10012993869
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Making Use of Home Equity : The Potential of Housing Wealth to Enhance Retirement Security
Bravo, Jorge Miguel - 2019
The demographic change underway, declining adequacy levels from traditional pay-as-you-go old-age social security systems, structural reforms in pension schemes and the reduction in the traditional family support have increased the need for additional private savings to cover the old age income...
Persistent link: https://www.econbiz.de/10012861296
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Pricing Neighborhoods
Eshaghnia, Sadegh S. M.; Heckman, James J.; Razavi, Goya - 2023
Education in Denmark is freely available. Despite near equal teacher salaries and per-pupil school expenditure across districts, there is substantial spatial heterogeneity in school quality as measured by teacher quality and student test scores. We argue that this is due to sorting of teachers...
Persistent link: https://www.econbiz.de/10014347799
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The Effect of Macroeconomic Uncertainty on Household Spending
Coibion, Olivier; Georgarakos, Dimitris; Gorodnichenko, … - 2021
Using a new survey of European households, we study how exogenous variation in the macroeconomic uncertainty perceived by households affects their spending decisions. We use randomized information treatments that provide different types of information about the first and/or second moments of...
Persistent link: https://www.econbiz.de/10013236401
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Innocent Bystanders? Monetary Policy and Inequality in the U.S
Coibion, Olivier - 2012
We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures....
Persistent link: https://www.econbiz.de/10013104935
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The Subjective Inflation Expectations of Households and Firms : Measurement, Determinants, and Implications
Weber, Michael; D'Acunto, Francesco; Gorodnichenko, Yuriy; … - 2022
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10014030510
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How Did U.S. Consumers Use Their Stimulus Payments?
Coibion, Olivier - 2020
Using a large-scale survey of U.S. consumers, we study how the large one-time transfers to individuals from the CARES Act affected their consumption, saving and labor supply decisions. Most respondents report that they primarily saved or paid down debts with their transfers, with only about 15...
Persistent link: https://www.econbiz.de/10012825012
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Identifying Regional Labor Demand Shocks Using Sign Restrictions
Juessen, Falko - 2012
We propose using sign restrictions to identify regional labor demand shocks in a panel VAR of US federal states. Observed migration responds significantly, but less persistently than the residual-based migration measure constructed by Blanchard and Katz (1992)
Persistent link: https://www.econbiz.de/10013099800
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The Effects of Flood Insurance on Housing Markets
Indaco, Agustín - 2018
characterize the food risk level for each property. First, we compare trends in housing values and sales activity among properties … within the same city. Despite the heightened food risk in the last two decades, we did not find evidence of divergent trends …, suggesting that food insurance may have cushioned the effects of the increase in food risk.Secondly, we analyze the effects of …
Persistent link: https://www.econbiz.de/10012910751
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Rising Sea Levels and Sinking Property Values : The Effects of Hurricane Sandy on New York's Housing Market
Ortega, Francesc - 2016
also the case for houses that were not damaged but face high risk of coastal flooding. Our results suggest that Sandy has … increased the perceived risk of living in those neighborhoods. We also show that the negative effects on housing prices appear …
Persistent link: https://www.econbiz.de/10012978170