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Current sources of data on rental housing – such as the census or commercial databases that focus on large apartment complexes – do not reflect recent market activity or the full scope of the U.S. rental market. To address this gap, we collected, cleaned, analyzed, mapped, and visualized 11...
Persistent link: https://www.econbiz.de/10014127379
The 30-year fixed-rate fully amortizing mortgage (or "traditional fixed-rate mortgage") was a substantial innovation when first developed during the Great Depression. However, it has three major flaws. First, because homeowner equity accumulates slowly during the first decade, homeowners are...
Persistent link: https://www.econbiz.de/10011803801
Governments throughout the world intervene heavily in housing markets, and most have multiple policies to pursue multiple goals. This chapter deals with two of the largest types of housing policies in the United States, namely, low-income rental assistance and policies to promote homeownership...
Persistent link: https://www.econbiz.de/10014025301
This paper proposes a simple theory of a system of cities that decomposes the determinants of the city size distribution into three main components: efficiency, amenities, and frictions. Higher efficiency and better amenities lead to larger cities, but also to greater frictions through...
Persistent link: https://www.econbiz.de/10008784710
This paper explores the effects of trade liberalization envisioned in a Transatlantic Trade and Investment Partnership (TTIP) between the United States and the European Union. We use a new quantitative spatial trade model with consumptive and productive uses of land and inputoutput linkages. Our...
Persistent link: https://www.econbiz.de/10011580527
We analyze the role of optimal income taxation across different local labor markets. Should labor in large cities be taxed differently than in small cities? We find that a planner who needs to raise revenue and is constrained by free mobility of labor across cities does not choose equal taxes...
Persistent link: https://www.econbiz.de/10010470412
at the level of a sector in a given U.S. state to the rest of the economy. The quantitative model we develop features …
Persistent link: https://www.econbiz.de/10013045888
industry level. On the consumption side, industry- and state-specific international imports and elasticities of substitution … state-specific international exports and intermediate input trade are shown to be systematically connected to production …
Persistent link: https://www.econbiz.de/10014049467
disadvantaged parts of the state. Moreover, we find little evidence of spillovers to other states. Our results suggest that targeted … and audited hiring subsidies can be effective in promoting local business expansions without significant cross-state …
Persistent link: https://www.econbiz.de/10013462712
out the occurrence of terrorist attacks. It presents the simulation results of the hypothetical case of U.S., and Colombia … occurring in 1996, and 1998 with 24,950, and 61,516 casualties respectively; while for Colombia three attacks are artificially …-political context of the war in Iraq is different, Its objective, is to use the experience from Colombia to help policy, and decision …
Persistent link: https://www.econbiz.de/10005790155