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I investigate a hypothesis that housing cycles change the youth's labor market conditions and influence their marriage and fertility decision. Different from the most literature that examine the effect of housing costs, rents or housing prices, on outcome variables, I construct MSA-level housing...
Persistent link: https://www.econbiz.de/10012864513
In China's regulated housing markets, a married couple may strategically choose to divorce in order to purchase more houses and/or purchase with more favorable leverages. Our study examines the strategic divorce behavior induced by two major types of housing market regulations in China, quota...
Persistent link: https://www.econbiz.de/10012846961
This paper investigates the impact of a surging housing market on marital sorting. To cover the increasingly large down payments required in China today, both spouses' parents have to hand over their resources to support the couple in purchasing a new home. The incentive to extend credit to make...
Persistent link: https://www.econbiz.de/10012927382
To analyze the impact of changes in the value of marriage on household decisions, we present a limited commitment framework of household behavior in which decisions are made regarding labor supply, divorce and housing demand over the lifecycle. We identify and estimate our structural model using...
Persistent link: https://www.econbiz.de/10014419233
Fifty-two years ago, Congress enacted a one-of-a-kind civil rights directive. It requires every federal agency—and state and local grantees by extension—to take affirmative steps to undo segregation. In 2020, this overlooked Fair Housing Act provision—the “affirmatively furthering fair...
Persistent link: https://www.econbiz.de/10012829263
Since 1980 skilled and unskilled workers have increasingly sorted into different cities. In this paper we propose and quantify a novel driver of increased spatial sorting — diverging preferences over location attributes caused by diverging incomes across skill groups. The root cause of these...
Persistent link: https://www.econbiz.de/10012830135
time achieving mobility across regions. There have accordingly been a number of studies on home price convergence. Some of … regions of the US using Pesaran's pairwise approach. This method obviates some of the methodological issues which have plagued …. We find, first, that overall the US housing market is not convergent across regions. We find some evidence that the high …
Persistent link: https://www.econbiz.de/10012893078
Many postwar neighborhood across the United States are exhibiting signs of decline previously only observed in older central cities. With the characteristics of postwar housing being arguably undesirable by current standards, extant literature claims this functional obsolescence is contributing...
Persistent link: https://www.econbiz.de/10012901803
a housing solution that enables households to relocate with ease while at the same time providing security, habitability …
Persistent link: https://www.econbiz.de/10012909331
-experimental empirical analysis with a one-sided housing market model where households act as both buyers and sellers. Using a Finnish tax …
Persistent link: https://www.econbiz.de/10012865921