Showing 1 - 10 of 117
We estimate the causal impact of a 2018 zoning reform that banned new short-term rental registries in some parts of Lisbon. The short-term rental licence expires when the house is sold, hence the ban removes the option value of short-term renting a property. We rely on two administrative data...
Persistent link: https://www.econbiz.de/10014241957
groups have not experienced any significant increase. This paper uses the demand and supply model with imperfect substitution …. The increase in relative supply of tertiary workers during 1983-1993 offset the demand shift, limiting the wage premium … in India. The findings of this paper are that the increase in the wage premium has come mostly from demand shifts in …
Persistent link: https://www.econbiz.de/10012765088
, refugee inflow resembles a positive demand shock to the sector.We find that the refugee inflows have led to an increase in the …-quality units. This finding supports a residential segregation story, which suggests that the refugee wave has increased the demand …
Persistent link: https://www.econbiz.de/10012915704
We estimate empirically the effect of immigration on house prices and residential construction activity in Spain over the period 1998-2008. This decade is characterized by both a spectacular housing market boom and a stunning immigration wave. We exploit the variation in immigration across...
Persistent link: https://www.econbiz.de/10013157518
Utilizing new survey data collected between 2009 and 2014, this paper analyzes American households' subjective expectations on future home values. We explore the relationship between house price expectations, local economic conditions, and households' individual characteristics. We examine the...
Persistent link: https://www.econbiz.de/10013045014
This paper provides a method for the analysis of the spatial and temporal diffusion of shocks in a dynamic system. We use changes in real house prices within the UK economy at the level of regions to illustrate its use. Adjustment to shocks involves both a region specific and a spatial effect....
Persistent link: https://www.econbiz.de/10013148339
We estimate the effect of housing price changes on fertility and early-life child health in Denmark. Using rich population register data among women aged 20-44 who own a home, we find that for each 100,000 DKK increase in home prices (equivalent to $12,000), the likelihood of giving birth...
Persistent link: https://www.econbiz.de/10012829917
This study examines short-, medium-, and long-run price expectations in housing markets. We derive and test six hypothesis about the incidence, formation, and relevance of price expectations. To do so, we use data from a tailored household survey, past sale and rental offerings, satellites, and...
Persistent link: https://www.econbiz.de/10014348327
own-price elasticity of quantity demand for soda of between −1.0 and −1.3. These estimates ignore consumer responses on … prices to estimate unrestricted demand models that correct for both errors. The corrected own-price elasticity of quantity … demand is just −0.2 to −0.3, so tax-induced soda price increases might cut average weights by less than one pound, which is …
Persistent link: https://www.econbiz.de/10012956015
of the banana plants because of sufficiently low elasticity of demand. Using the cyclones of 2006 and 2011 as exogenous … events, we identify the elasticity of demand for bananas in Australia to be around -0.5. We indeed find limited evidence for … an ‘over-shooting' in terms of the supply response after these cyclones, leading to positive exports years after cyclones …
Persistent link: https://www.econbiz.de/10013057905