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Urbanization in China and how urban housing demand can be met

Gottschalch, Sören - 2013

population. This paper contributes to the discussion with illuminating the main drivers of urbanization: (i) migration and (ii …As it has rightfully been recognized by China's central government, successful urbanization will be decisive for the … nation's future development. Key challenges will be to realize urbanization economies, improve production and innovation …

Persistent link: https://www.econbiz.de/10010322814

The causal effect of house prices on mortgage demand and mortgage supply

Basten, Christoph; Koch, Cathérine - 2014

We identify the causal effect of house prices on mortgage demand and supply in Switzerland by exploiting exogenous shocks to immigration and thereby to house prices. Detailed micro data allow us to observe multiple offers for each mortgage request. We find a 1% increase in house prices to raise...

Persistent link: https://www.econbiz.de/10011282474

The functions of wealth: renters, owners and capitalists across Europe and the United States

Fessler, Pirmin; Schürz, Martin - 2018

Piketty (2017) argues in favor of a multidimensional and relational approach to the analysis of wealth inequality. Specifically, he suggests that social classes should be analyzed in terms of the power and production relations between social groups, not just the percentiles in statistical...

Persistent link: https://www.econbiz.de/10013370140

Bail-in and Legacy Assets: Harmonized rules for targeted partial compensation to strengthen the bail-in regime

Poyntner, Philipp; Reininger, Thomas - 2018

more feasible and economically more efficient. During the transition period until household investment behaviour will have …

Persistent link: https://www.econbiz.de/10013370141

Let the market decide: An experimental study of competition and fairness

Bartling, Björn; Grieder, Manuel; Zehnder, Christian - 2014

Is competition perceived as a fair procedure? We report data from laboratory experiments where a powerful buyer can trade with one of several sellers. Sellers who feel shortchanged can engage in counterproductive behavior to punish the buyer. We find that the same unfavorable terms of trade...

Persistent link: https://www.econbiz.de/10011282487

Optimal inequality behind the veil of ignorance

Liang, Che-Yuan - 2013

In Rawls' (1971) influential social contract approach to distributive justice, the fair income distribution is the one that an individual would choose behind a veil of ignorance. Harsanyi (1953, 1955, 1975) treats this situation as a decision under risk and arrives at utilitarianism using...

Persistent link: https://www.econbiz.de/10010321399

Reputation transmission without benefit to the reporter: A behavioral underpinning of markets in experimental focus

Kamei, Kenju; Putterman, Louis - 2015

Reputation is a commonly cited check on opportunism in economic and social interactions. But it is often unclear what would motivate an agent to report another's behavior when the pool of potential partners is large and it is easy enough for an aggrieved player to move on. We argue that...

Persistent link: https://www.econbiz.de/10011526719

Was Dick Whittington Taller Than Those He Left Behind? Anthropometric Measures, Migration and the Quality of Life in Early Nineteenth Century London

Humphries, Jane; Leunig, Tim - London School of Economics and Political Science - 2007

explanatory variable in the analysis of migration. Although correlated with other variables that are routinely used in …

Persistent link: https://www.econbiz.de/10005870559

The role of housing in labor reallocation

Davis, Morris A.; Fisher, Jonas D. M.; Veracierto, Marcelo - 2010

This paper builds a dynamic general equilibrium model of cities and uses it to analyze the role of local housing markets and moving costs in determining the character and extent of labor reallocation in the US economy. Labor reallocation in the model is driven by idiosyncratic city-specific...

Persistent link: https://www.econbiz.de/10010292111

Remittances and the brain drain revisited: The microdata show that more educated migrants remit more

Bollard, Albert; Morten, Melanie; Rapoport, Hillel - 2009

Two of the most salient trends surrounding the issue of migration and development over the last two decades are the … large rise in remittances, and an increased flow of skilled migration. However, recent literature based on cross …-country regressions has claimed that more educated migrants remit less, leading to concerns that further increases in skilled migration …

Persistent link: https://www.econbiz.de/10010335976

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