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Identifying the Benefits from Home Ownership : A Swedish Experiment

Sodini, Paolo - 2016

This paper studies the economic benefits of home ownership. Exploiting a quasi-experiment surrounding privatization decisions of municipally-owned apartment buildings, we obtain random variation in home ownership for otherwise similar buildings with similar tenants. We link the tenants to their...

Persistent link: https://www.econbiz.de/10012978099

Wealth Accumulation and Housing Choices of Young Households : An Exploratory Investigation

Haurin, Donald R. - 2015

homeownership. The factors related to this increase are marriage, increased labor supply by married women, and gifts …

Persistent link: https://www.econbiz.de/10012750797

Home Equity Insurance

Shiller, Robert J. - 2010

Home equity insurance policies, policies insuring homeowners against declines in the price of their homes, would bear some resemblance both to ordinary insurance and to financial hedging vehicles. A menu of choices for the design of such policies is presented here, and conceptual issues are...

Persistent link: https://www.econbiz.de/10012763566

Testing for Information Asymmetries in Real Estate Markets

Kurlat, Pablo D. - 2014

We study equilibrium outcomes in markets with asymmetric information about asset values among both buyers and sellers. In residential real estate markets hard-to-observe neighborhood characteristics are a key source of information heterogeneity: sellers are usually better informed about...

Persistent link: https://www.econbiz.de/10013059752

Rational Housing Bubble

Zhao, Bo - 2013

This paper studies an economy inhabited by overlapping generations of homeowners and investors, with the only difference between the two being that homeowners derive utility from housing services whereas investors do not. Tight collateral constraint limits the borrowing capacity of homeowners...

Persistent link: https://www.econbiz.de/10013077222

Arbitrage in Housing Markets

Glaeser, Edward L. - 2015

Urban economists understand housing prices with a spatial equilibrium approach that assumes people must be indifferent across locations. Since the spatial no arbitrage condition is inherently imprecise, other economists have turned to different no arbitrage conditions, such as the prediction...

Persistent link: https://www.econbiz.de/10012750289

Taxes and the User Cost of Capital for Owner-Occupied Housing

Hendershott, Patric H.; Slemrod, Joel B. - 2022

Owner-occupied housing is said to be favored in the tax code because mortgage interest and property taxes can be deducted in the computation of one's income tax base in spite of the fact that the returns from owner- occupied housing = not taxed. The special tax treatment reduces the user cost of...

Persistent link: https://www.econbiz.de/10013308370

Incentives and Social Capital : Are Homeowners Better Citizens?

DiPasquale, Denise; Glaeser, Edward L. - 2021

about their political leaders, joining non-professional organizations and even gardening. Homeownership may encourage these … investments because homeownership gives individuals an incentive to improve their community and because homeownership creates … conclusive, we find evidence that a large portion of the effect of homeownership on these investments may come from lower …

Persistent link: https://www.econbiz.de/10013226987

The Efficiency of the Market for Single-Family Homes

Case, Karl E.; Shiller, Robert J. - 2021

Tests of weak-form efficiency of the market for single family homes are performed using data on repeat sales prices of 39,210 individual homes, each for two sales dates. Tests were done for Atlanta, Chicago, Dallas, and San Francisco/Oakland for 1970-86. While evidence for seasonality in real...

Persistent link: https://www.econbiz.de/10013229069

School Inputs, Household Substitution, and Test Scores

Das, Jishnu - 2011

Empirical studies of the relationship between school inputs and test scores typically do not account for the fact that households will respond to changes in school inputs. We present a dynamic household optimization model relating test scores to school and household inputs, and test its...

Persistent link: https://www.econbiz.de/10013129026

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