The Federal takeover of Fannie Mae and Freddie Mac last September spells the end of an experiment in the public-private hybrid known as the Government Sponsored Enterprises (GSE). This paper documents the subsidies provided to the enterprises and the public and private benefits generated. The...

This paper investigates the effects of national and regional economic conditions on housing market outcomes: the prices of owner-occupied housing, vacancies, and residential construction activity. Our three-equation model confirms the importance of changes in regional economic conditions, income...

This paper provides the first systematic analysis of the choice by organizations to occupy green office space. We develop a framework of ecological responsiveness, and we formulate five propositions to explain why specific firms and industries may be more likely to lease green space. We test...

We examine the link between increases in housing wealth, financial wealth, and consumer spending. We rely upon a panel of 14 countries observed annually for various periods during the past 25 years and a panel of U.S. states observed quarterly during the 1980s and 1990s. We impute the aggregate...

This paper summarizes and synthesizes a series of empirical analyses investigating the role of urban space in affecting minority employment outcomes. It adds to the considerable (but inconclusive) literature by broadening the focus beyond transportation and the “friction of space,†and...

Most analyses of urban transportation and residential location ignore the effects of labor force experience or individual skills upon the location of the worksite; they also ignore the potential effect of these factors upon the tradeoff between housing and community costs. This paper, in...

By now measures of employment "access" and "potential" have been widely diffused in the literature on regional economics and transport planning. Pooler (1995) gives a brief review of accessibility measures, indicating that these concepts date back to the 1930s. According to standard economic...