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Persistent link: https://www.econbiz.de/10010389615
This paper develops and estimates a dynamic model of discrete choice for labor supply, fertility and transition from … wages led to lower fertility also contributing to the decline, because households with children are more likely to own a …
Persistent link: https://www.econbiz.de/10012025661
Using a unique transaction database of condominiums in the Tokyo metropolitan area and a hedonic analytical framework, we find that eco-labelled buildings command a small but significant premium on both the asking and transaction prices. This finding is consistent with results from other...
Persistent link: https://www.econbiz.de/10013006490
Using confidential offer-level data on the US housing market, this paper examines the rounding-off heuristics in the bilateral bargaining process. We demonstrate that home sellers and home buyers follow different rounding-off heuristics. While sellers' list prices cluster more frequently around...
Persistent link: https://www.econbiz.de/10014351246
Young households in Hong Kong face particularly steep increases in house prices and low fertility despite low gender … wage gaps. The model of fertility and housing in this paper explains why fertility decline need not reverse as female wages … house prices then fertility also rises. For endogenous house prices, however, growth in wages and a burgeoning working age …
Persistent link: https://www.econbiz.de/10013017395
housing wealth causes a 0.07 percent increase in fertility. We find little effects of MSA-level housing price growth on the …While there is a great deal of literature focusing on the relationship between income and fertility, little is known … about how wealth affects fertility decisions of the household. This paper fills this gap in the literature by investigating …
Persistent link: https://www.econbiz.de/10013148400
Persistent link: https://www.econbiz.de/10011946465
In 2008, the Swedish property tax was reformed and a cap on yearly tax liabilities was introduced. A large fraction of owner occupied houses was subject to a substantial decrease in the tax. When the reform was announced, most analysts projected - in line with tax capitalization theory - that...
Persistent link: https://www.econbiz.de/10010358459
In the United States, 15 percent of households change residence in a given year. This result is based on data from the Panel Study of Income Dynamics on gross flows within and between the two segments of the housing market-renter-occupied properties and owner-occupied properties. The gross flows...
Persistent link: https://www.econbiz.de/10010384803
In this paper we explore spatial effects in a hedonic price function framework for a large sample of apartments in Moscow. We find strong evidence of both spatial lag and spatial autocorrelation. Our results are robust across both the spatial model specifications and the choice of the spatial...
Persistent link: https://www.econbiz.de/10011523607