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Local Economic Conditions and the Nature of New Housing Supply
Hilber, Christian A.L.; Rouwendal, Jan; Vermeulen, Wouter - 2014
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 in new construction and (ii) lead to the...
Persistent link: https://www.econbiz.de/10010491350
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Subsidies to homeownership and central city rent
Daminger, Alexander - 2021
This paper analyzes the effects of German homeownership subsidies on the intra-city rent structure. Using a large …' CBDs. Using triple differences (TD) frameworks, I then estimate the introduction of the homeownership subsidies' effects on … rent for the cities that received varying subsidy rates. The empirical results indicate that subsidies to homeownership …
Persistent link: https://www.econbiz.de/10012648082
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How Do Stamp Duties Affect the Housing Market?
Davidoff, Ian; Leigh, Andrew - 2013
Land transfer taxes are a substantial portion of the cost of moving house in many developed countries. Since stamp duties are endogenous with respect to the house price, we create an instrumental variable that is the stamp duty on a property, given that postcode's starting house price and the...
Persistent link: https://www.econbiz.de/10010319569
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The effect of real estate purchase subsidies on property prices
Krolage, Carla - 2020
This paper assesses to which degree housing purchase subsidies are capitalized into property prices. Using a large-scale micro data set on German house prices, I exploit the introduction of a new subsidy scheme in the state of Bavaria. My difference-indifference estimations at the Bavarian...
Persistent link: https://www.econbiz.de/10012255075
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How impact fees and local planning regulation can influence deployment of telecoms infrastructure
Gorecki, Paul; Hennessy, Hugh; Lyons, Sean - 2011
This paper examines how local government planning regulations and charges affect the deployment of telecommunications infrastructure. We explore the economic rationale for local government regulation of such infrastructure, which we suggest should be based on managing negative externalities....
Persistent link: https://www.econbiz.de/10010307274
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Housing Supply and Land Use Regulation in the Netherlands
Vermeulen, Wouter; Rouwendal, Jan - 2007
In spite of a growing recognition of the importance of supply conditions for the level and volatility of house prices, empirical work on housing supply outside the US is scarce. This paper considers various measures of housing supply in the Netherlands, where real house prices have roughly...
Persistent link: https://www.econbiz.de/10010325241
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Does Land Use Planning shape Regional Economies?
Vermeulen, Wouter; van Ommeren, Jos - 2007
Why has job growth over the past decades been weaker in the Dutch Randstad area than in surrounding regions? In a simultaneous equations analysis, we find that employment adjusts to the regional supply of labour. Net internal migration is predominantly determined by regional housing supply and...
Persistent link: https://www.econbiz.de/10010325709
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Do local governments tax homeowner communities differently?
Füss, Roland; Lerbs, Oliver - 2017
and historical war damages as a source of exogenous variation in local homeownership, we provide empirical evidence that …
Persistent link: https://www.econbiz.de/10011730873
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Transfer taxes and household mobility: Distortion on the housing or labour market?
Hilber, Christian; Lyytikainen, Teemu - 2015
We estimate the effect of the UK Stamp Duty Land Tax on household mobility using micro data. The UK (until 2014) provided an ideal setting to explore the impact of housing transfer taxes on mobility decisions. This is partly because the stamp duty liability is quite substantial, at least for...
Persistent link: https://www.econbiz.de/10011400635
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House prices and home ownership: A cohort analysis
Bottazzi, Renata; Crossley, Thomas; Wakefield, Matthew - 2012
, we document the association between house prices and homeownership at age thirty. We then use synthetic cohort methods to …
Persistent link: https://www.econbiz.de/10010331026