Showing 1 - 10 of 438
units due to rent control in New York City. This methodology involves comparing the relative consumption of different … demographic groups within the rent controlled area with the relative levels of consumption in a free market area. Our best … estimate of the costs of rent control in New York due to the misallocation of rental apartments is 200 dollars per apartment …
Persistent link: https://www.econbiz.de/10013221092
We exploit quasi-experimental variation in assignment of rent control to study its impacts on tenants, landlords, and … the overall rental market. Leveraging new data tracking individuals' migration, we find rent control increased renters …' probabilities of staying at their addresses by nearly 20%. Landlords treated by rent control reduced rental housing supply by 15 …
Persistent link: https://www.econbiz.de/10012930853
This chapter will cover recent research in historical economics that uses ethnographic data and data from surveys and lab experiments. The study of historical economics, particularly outside of non-Western countries, has been constrained by availability of historical data. However, recent work...
Persistent link: https://www.econbiz.de/10013292911
this cliometrics is and how these two Nobel Prize winners furthered the discipline of economics …
Persistent link: https://www.econbiz.de/10013213453
known as Cliometrics, and a non-random survey of recent research emphasizing the emerging methodology of the New Economic …
Persistent link: https://www.econbiz.de/10013311911
The relationship between history and economics as academic disciplines is methodologically subtle and sociologically contested. If the Cliometric revolution can be characterized as an acquisition of economics by history, the most recent trends in Historical Economics appear to turn this...
Persistent link: https://www.econbiz.de/10014257164
queuing frictions in the market for public housing. Having access to rent-stabilized housing increases household welfare by up …
Persistent link: https://www.econbiz.de/10012867446
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
in house values. However, homeownership also provides a hedge against fluctuations in future rent payments. This paper … finds that, even though house price risk endogenously increases with rent risk, the latter empirically dominates for most … households so housing market risk actually increases homeownership rates and house prices. Further, the net effect of rent risk …
Persistent link: https://www.econbiz.de/10012755861
1995 elimination of stringent rent controls in Cambridge, Massachusetts that had previously muted landlords' investment … residential property and the prices and characteristics of all residential transactions between 1988 and 2005, we find that rent … decontrolled units. Elimination of rent control added about $1.8 billion to the value of Cambridge's housing stock between 1994 and …
Persistent link: https://www.econbiz.de/10013105452