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in which households face housing collateral constraints. An increase in the ratio of housing to human wealth loosens … equity decreases as a result. Feeding the historical time series of US housing collateral into the model replicates four … equity holders, especially in the 1990s. (3) The risk-free rate and the housing collateral ratio are strongly positively …
Persistent link: https://www.econbiz.de/10012778119
ranging from government quality to economic growth. Popular authors suggest that housing and architecture are important … determinants of social connection. This paper examines the connection between housing structure and social connection. We find that …
Persistent link: https://www.econbiz.de/10013223565
disease by promoting housing stability. Housing precarity, which includes both the risk of eviction and utility disconnections … infections rates could have been reduced by 8.7% and deaths by 14.8%. Housing precarity policies that prevent eviction and …
Persistent link: https://www.econbiz.de/10013249248
Recent empirical work in public finance uses the housing price response to public investments to assess the efficiency …
Persistent link: https://www.econbiz.de/10013036008
housing speculation during the U.S. housing boom in the 2000s. We find that housing speculation, anchored, in part, on … extrapolation of past housing price changes, led not only to greater price appreciation, economic expansions, and housing …
Persistent link: https://www.econbiz.de/10013324046
-cycle savings. In this paper we examine the role of housing prices in affecting the living arrangements of adult family members and … government rules determining the supply of land for residential housing, we find that increases in housing prices significantly … income, in part due to the subsidies to the young from sharing housing with parents. Based on our estimates of the effects of …
Persistent link: https://www.econbiz.de/10012863690
generally believed to be a dominant driving force. Motivated by a recent finding of a high housing vacancy rate in urban China …, particularly in their ownership of housing. Furthermore, we provide evidence that at the prefecture level, the size of redefined … migrants is significantly related to residential land supply, and to the proportion of households holding vacant housing units …
Persistent link: https://www.econbiz.de/10014102562
What are the incentives faced by local officials in China? Without democratic institutions, there is no mechanism for local residents to exercise "voice". Given the hukou registration system, local residents have little opportunity to threaten "exit" if they are unhappy with local taxes and...
Persistent link: https://www.econbiz.de/10013131309
The literature on the effects of foreign direct investment (FDI) and activities of multinational enterprises (MNEs) on host-countries has been almost exclusively focused on issues of productivity, growth and wages. We argue that this leaves quite a bit of important unexplored areas of inquiry,...
Persistent link: https://www.econbiz.de/10013114291
America's local governments spend about one-eighth of our national income, one-fourth of total government spending, and employ over 14 million people. This paper surveys the large and growing economics literature on local governments and their finances. A primary difference between local and...
Persistent link: https://www.econbiz.de/10013103516