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This chapter focuses on neighborhood effects in housing markets. Households in effect choose neighborhood effects, or … priced by housing markets and be capitalized into housing values and rents. The chapter focuses on models that are … dimensionality. The chapter examines neighborhood choice, with endogenous and contextual neighborhood effects, and housing demand …
Persistent link: https://www.econbiz.de/10014025502
The need to integrate work beyond employment into discussions of labor practices is widely recognized. This has been so far largely achieved by adopting a dual economies perspective, which is criticized for depicting the formal and informal sectors as separate hostile worlds. To resolve this, an...
Persistent link: https://www.econbiz.de/10013009945
We develop a dynamic spatial model in which heterogeneous workers are imperfectly mobile and forward-looking and yet all structural fundamentals can be inverted without assuming that the economy is in a stationary spatial equilibrium. Exploiting this novel feature of the model, we show that the...
Persistent link: https://www.econbiz.de/10012388100
In this paper, we implement a new measure, the rental equivalence approach, in estimating the cost of Irish housing for … the purposes of the consumer price index (CPI). The cost of housing composes both the cost of owner occupier housing (OOH … earlier work, which reviewed the different, existing approaches taken by the CSO in estimating the cost of housing. The rental …
Persistent link: https://www.econbiz.de/10012285096
Until recently, the literature ignored the interactions between housing and macroeconomics. Thanks to many researchers …' contributions, the macro-housing field is in development. This review complements previous research and highlights a few areas that … have made significant progress lately. They are the rental market and related issues, housing affordability, people …
Persistent link: https://www.econbiz.de/10013461195
Contemporary demographic processes forcing increasing attention to the problems of relationships and dependencies between the different age groups. The ageing of the population in each society leads to changes in the contacts between young people, adults and the elderly. It is reasonable to...
Persistent link: https://www.econbiz.de/10011449848
This paper uses Alfred Marshall’s treatment of wants and activities and Francis Edgeworth’s treatment of utilitarian redistribution to re-examine what since the 19th century has been described as “the social question.” This comparative examination is prefaced by a distinction between...
Persistent link: https://www.econbiz.de/10014192239
Stigma of welfare participation is important for policy and survey design, because it deters program take-up and increases misreporting. Stigma is also relevant to the literature on social image concerns, yet empirical evidence is scant because stigma is difficult to empirically identify. We use...
Persistent link: https://www.econbiz.de/10014030404
In this paper, we present two stylized models of the financial system. We make the case that in order to realize the potential of a well-functioning complete financial market, financial system designers and financial service providers will need to think about ways to deliver financial...
Persistent link: https://www.econbiz.de/10010286094
This paper extends a new line of research on urban squatting that focuses on the role of the squatter organizer. The model replaces the benevolent organizer from previous studies with a collection of competing, rent-seeking squatter organizers, a structure that may offer a realistic picture of...
Persistent link: https://www.econbiz.de/10010288251