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Educational assortative matching among couples, i.e. the phenomenon whereby the high-educated have partners who are also high-educated, has gained attention in popular media and academic research as a driver of recent changes in the distribution of household income. We examine the effect of...
Persistent link: https://www.econbiz.de/10012860385
There is a growing trend of buying homes among the single population in the U.S. This trend has been referred to as "Going Solo" and is particularly evident among women who are the focus of our study. In this paper we investigate the hypothesis that homeownership probabilities can be affected by...
Persistent link: https://www.econbiz.de/10012908894
precautionary savings enables households to buy homes earlier, whereas the presence of transaction costs leads to reduced … homeownership for middle-aged and older households when divorce risk goes up …
Persistent link: https://www.econbiz.de/10012897409
quality indicators, suggesting that households care about school quality, and may be willing to pay for better schools. The …
Persistent link: https://www.econbiz.de/10010264360
We consider taxation by a utilitarian government in the presence of heterogeneous locations within a country. We show that a utilitarian government never equalizes after-tax incomes, even when it can impose group-specific lump-sum taxes. If migration is impossible, a utilitarian government may...
Persistent link: https://www.econbiz.de/10010267489
Persistent link: https://www.econbiz.de/10000989856
We consider taxation by a Leviathan government and by a utilitarian government in the presence of heterogenous locations within a country, when migration from one country to another is and is not possible. In a closed economy, a utilitarian government may transfer income from the poor to the...
Persistent link: https://www.econbiz.de/10001816457
We develop a dynamic stochastic equilibrium model of two locations within a city where heterogeneous households make … joint location and tenure mode decisions. To investigate the effect of homeownership on equilibrium prices and allocations … three results. First, homeownership enables more households to remain in the more desirable location at the expense of …
Persistent link: https://www.econbiz.de/10001739593
Housing markets vary across growing cities and declining cities, which creates heterogeneous responses of housing prices to monetary policy. We classify urban growth and urban decline based on the population growth rates at the MSA level. Using the local projections method, we find that housing...
Persistent link: https://www.econbiz.de/10014082716
, housing tenue, income and wealth. Within couple households, housing mobility choices are primarily influenced by the wife …
Persistent link: https://www.econbiz.de/10013220830