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How does a change in risk perception affect the housing market? : evidence from an industrial accident in France
Bléhaut, Marianne - 2014 - Preliminary version
In 2001, the AZF plant exploded in Toulouse (France). The accident was unexpected, it strongly damaged local housing and benefited from a wide media coverage. It provides a rare opportunity to analyze the consequences of a shift in risk perception on housing markets and neighborhoods subject to...
Persistent link: https://www.econbiz.de/10011487845
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Capitalization of local taxes and expenditures : the case of Bavarian municipalities
Hardt, David; Lehmann, Isabella Ruth; Wirth, Benjamin - 2016
This paper examines capitalization effects of fiscal variables such as taxes and public expenditure into land prices in … Bavaria. Based on panel data analyses on municipality level we discuss the potential existence of capitalization as well as … the approach in Stadelmann and Billon (2015). So far, we conclude that capitalization of fiscal variables seems to occur …
Persistent link: https://www.econbiz.de/10012495722
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The role of incomplete information in shaping policy effects : evidence from unemployment insurance
Arni, Patrick; Liu, Xingfei - 2020
Standard program evaluations implicitly assume that individuals are perfectly informed about the considered policy change and the related institutional rules. This seems not very plausible in many contexts, as diverse examples show. However, evidence on how incomplete information affects the...
Persistent link: https://www.econbiz.de/10012436245
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How do consumers adapt to a new environment in their economic forecasting? : evidence from the German reunification
Goldfayn-Frank, Olga; Wohlfart, Johannes - 2019
Exploiting the natural experiment of the German reunification, we examine how consumers adapt to a new environment in their macroeconomic forecasting. We document that East Germans expect higher inflation and make larger forecast errors than West Germans even decades after reunification....
Persistent link: https://www.econbiz.de/10012317615
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Regulating a highly concentrated industry : implications from Dodd-Frank
Rieber, Alexander - 2021
Using an international sample of more than 65,000 rating actions by Fitch, Moody's and S&P, we analyze the effect of the Dodd-Frank Act on credit ratings. We document that (i) rating report content changes significantly after Dodd-Frank and (ii) show, by exploiting within firm-quarter variation,...
Persistent link: https://www.econbiz.de/10013336275
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How residence permits affect the labor market attachment of foreign workers : evidence from a migration lottery in Liechtenstein
Buechel, Berno; Gangl, Selina; Huber, Martin - 2021 - Revised version: November 6, 2021
We analyze the impact of obtaining a residence permit on foreign workers' labor market and residential attachment. To overcome the usually severe selection issues, we exploit a unique migration lottery that randomly assigns access to residence permits for workers with an employment contract in...
Persistent link: https://www.econbiz.de/10013342109
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Cointegration of matched home purchases and rental price indexes : evidence from Singapore
Baltagi, Badi H.; Li, Jing - 2014
This paper exploits the homogeneity feature of the Singapore private residential condominium market and constructs matched home purchase price and rental price series using the repeated sales method. These matched series allow us to conduct time series analysis to examine the long-term present...
Persistent link: https://www.econbiz.de/10011480909
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Housing market and agglomeration of rent-seeking activities : implications for regional development
Lin, Eric S.; Peng, Shin Kun; Yux, Chia-Ming - 2014
Rent-seeking is defined as exercising privileges or expending resources in order to obtain uncompensated gain by redistributing the wealth of others without reciprocating any benefits back to society through wealth creation. This paper pioneers in analyzing the agglomeration of rent-seeking...
Persistent link: https://www.econbiz.de/10011499405
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Spatial heterogeneity across housing sub-markets in an urban area of Portugal
Marques, Joao Lourenço; Castro, Eduardo Anselmo de; … - 2012
Spatial homogeneity is a strong assumption in the hedonic housing price context; if not analyzed conveniently it can be a potential source of specification errors. Spatial heterogeneity occurs when a territorial segmentation exists in the housing market and, therefore, either the hedonic prices...
Persistent link: https://www.econbiz.de/10011506406
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Foresight methodologies : application to the housing market
Castro, Eduardo Anselmo de; Marques, Joao Lourenço; … - 2012
The housing market is complex, multidimensional and depends on the variability of external factors and the amount of information available to the agents involved in the process. Despite the challenges associated to this theme, its relevance in the socioeconomic and territorial context, sustains...
Persistent link: https://www.econbiz.de/10011506409