Showing 1 - 10 of 10,488
demand using a novel compensated framework over space and an uncompensated framework over time. Our specifications pass tests … imposed by rationality and household mobility. Housing demand is income and price inelastic, and appears to fall with …
Persistent link: https://www.econbiz.de/10012455864
We develop a theory of career paths and earnings in an economy in which agents organize in production hierarchies … of the theory with U.S. census data for the period 1990 to 2010. The model matches well the Lorenz curve of earnings as …
Persistent link: https://www.econbiz.de/10012456524
Using bi-weekly snapshots of Zillow in three US cities, we document how home sellers and buyers interact with Zillow's Zestimate algorithm during the sales cycle of residential properties. We find that listing and selling outcomes respond significantly to Zestimate, and Zestimate is quickly...
Persistent link: https://www.econbiz.de/10013172179
The COVID-19 pandemic has necessitated the adoption of a number of policies that aim to reduce the spread of the disease by promoting housing stability. Housing precarity, which includes both the risk of eviction and utility disconnections or shut-offs, reduces a person's ability to abide by...
Persistent link: https://www.econbiz.de/10012482612
Stable housing is critical for health, employment, education, and other social outcomes. Evictions reflect a form of housing instability that is experienced by millions of Americans each year. Inadequately treated psychiatric disorders have the potential to influence evictions in several ways....
Persistent link: https://www.econbiz.de/10013477258
Access to safe and stable housing is important for child and adult wellbeing. Yet many low-income households face severe challenges in maintaining stable housing. In this paper we examine the impact of the 2021 temporary expansion to the Child Tax Credit (CTC) on the living arrangements and...
Persistent link: https://www.econbiz.de/10014322727
households live in poverty. The income elasticity of demand for land is too low for urban poverty to be the result of wealthy …
Persistent link: https://www.econbiz.de/10012471131
This paper derives optimal income tax formulas using compensated and uncompensated elasticities of earnings with respect to tax rates. A simple formula for the high income optimal tax rate is obtained as a function of these elasticities and the thickness of the top tail of the income...
Persistent link: https://www.econbiz.de/10012471143
restrictions that the theory imposes on the joint behavior of consumption and income growth, and combining realizations and …
Persistent link: https://www.econbiz.de/10012462912
Efforts to reconcile inconsistencies between theory and estimates of the income elasticity of the value of a …
Persistent link: https://www.econbiz.de/10012463278