We provide an analysis of the housing market and current housing policies in three developed countries: the United … system. The consequences of this setting, which make housing supply extremely unresponsive to changes in house prices, are a … high degree of urban containment, a severe housing affordability crisis, and a housing shortage, particularly for the young …

This paper examines the role of local housing market conditions for social capital accumulation and neighborhood club … and social capital is stronger in more built-up neighborhoods with inelastic supply of new housing. In these neighborhoods …

We study the link between mortgage debt and entrepreneurship using a model of occupational choice and housing tenure in … shows that the link between housing wealth and entrepreneurship is ambiguously signed because of competing portfolio and …

We present a modified open monocentric city model that assumes that land is available for conversion into new housing … throughout the city. The model predicts that positive local income shocks (i) increase the city's share of multi-family housing … Housing Survey from 1984 to 2004 and find support for both predictions. We confirm that the adjustment process is driven by …

English Abstract: This paper discusses (in German language) how to properly estimate the housing supply price … elasticity and the housing demand price elasticity and reviews the related empirical literature. Three conclusions can be derived … supply of housing responds more strongly to demand driven changes in prices in places with more developable land. (3) The …

destination housing market rises, the amount and quality of information collected fall, and the chances of making an ill …-informed housing purchase decision increases, reducing the likelihood of such a purchase. Since owning relative to renting is … decrease with the distance moved. Using data from the Survey of English Housing from 1993 to 2008, we document that, consistent …

We provide an analysis of the housing market and current housing policies in three developed countries: the United … system. The consequences of this setting, which make housing supply extremely unresponsive to changes in house prices, are a … high degree of urban containment, a severe housing affordability crisis, and a housing shortage, particularly for the young …

housing tenure where homeowners commit to mortgage payments. Our model predicts that, as long as mortgage rates exceed the … income volatility is higher. Our model further predicts that the relation between housing wealth and entrepreneurship is …