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Genesove, David - 1999

among apartment rents in the U.S. between 1974-1981. 29 percent of units had no change in nominal rent from year to year …

Persistent link: https://www.econbiz.de/10012471657

The Coming Rise in Residential Inflation

Bolhuis, Marijn A.; Cramer, Judd N. L.; Summers, … - National Bureau of Economic Research - 2022

We study how the recent run-up in housing and rental prices affects the outlook for inflation in the United States. Housing held down overall inflation in 2021. Despite record growth in private market-based measures of home prices and rents, government measured residential services inflation was...

Persistent link: https://www.econbiz.de/10012938764

Platform as a Rule Maker : Evidence from Airbnb's Cancellation Policies

Jia, Jian; Jin, Ginger Zhe; Wagman, Liad - National Bureau of Economic Research - 2021

Digital platforms are not only match-making intermediaries but also establish internal rules that govern all users in their ecosystems. To better understand the governing role of platforms, we study two Airbnb pro-guest rules that pertain to guest and host cancellations, using data on Airbnb and...

Persistent link: https://www.econbiz.de/10012585362

Learning about Housing Cost : Survey Evidence from the German House Price Boom

Kindermann, Fabian; Le Blanc, Julia; Piazzesi, Monika; … - National Bureau of Economic Research - 2021

This paper uses new household survey data to study expectation formation during the recent housing boom in Germany. The cross section of forecasts depends on only two household characteristics: location and tenure. The average household in a region responds to local conditions but underpredicts...

Persistent link: https://www.econbiz.de/10012585379

Achieving Scale Collectively

Bassi, Vittorio; Muoio, Raffaela; Porzio, Tommaso; Sen, … - National Bureau of Economic Research - 2021

This paper argues that rental market interactions allow small firms to increase their effective scale and mechanize production, even when each individual firm would be too small to invest in expensive machines. We conduct a novel survey of manufacturing firms in Uganda, which uncovers an active...

Persistent link: https://www.econbiz.de/10012585412

Housing Demand and Remote Work

Mondragon, John; Wieland, Johannes - National Bureau of Economic Research - 2022

What explains record U.S. house price growth since late 2019? We show that the shift to remote work explains over one half of the 23.8 percent national house price increase over this period. Using variation in remote work exposure across U.S. metropolitan areas we estimate that an additional...

Persistent link: https://www.econbiz.de/10013210069

Memory and Reference Prices : an Application to Rental Choice

Bordalo, Pedro - 2019

rent level that is closer to the city of origin, relative to comparable locals. Building on "Memory, Attention, and Choice … database of experiences such as rents. The current rent cues recall of past rents, giving rise to a rental norm. A large … discrepancy between the current rent and the memory-based norm surprises and attracts the mover's attention, distorting choice …

Persistent link: https://www.econbiz.de/10012479601

Waiting for Affordable Housing in New York City

Sieg, Holger - 2019

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/10012479964

Does Eviction Cause Poverty? Quasi-Experimental Evidence from Cook County, IL

Humphries, John Eric - 2019

Each year, more than two million U.S. households have an eviction case filed against them. Many cities have recently implemented policies aimed at reducing the number of evictions, motivated by research showing strong associations between being evicted and subsequent adverse economic outcomes....

Persistent link: https://www.econbiz.de/10012480085

A Theory of Falling Growth and Rising Rents

Aghion, Philippe - 2019

Growth has fallen in the U.S., while firm concentration and profits have risen. Meanwhile, labor's share of national income is down, mostly due to the rising market share of low labor share firms. We propose a theory for these trends in which the driving force is falling firm-level costs of...

Persistent link: https://www.econbiz.de/10012480391