Showing 1 - 10 of 14,270
Persistent link: https://www.econbiz.de/10014229884
This paper examines the welfare cost of rare housing disasters characterized by large drops in house prices. I construct an overlapping generations general equilibrium model with recursive preferences and housing disaster shocks. The likelihood and magnitude of housing disasters are inferred...
Persistent link: https://www.econbiz.de/10011302010
Should monetary policy lean against housing market booms? We approach this question using a small-scale, regime-switching New Keynesian model, where housing market crashes arrive with a logit probability that depends on the level of household debt. This crisis regime is characterized by an...
Persistent link: https://www.econbiz.de/10011454083
Assets in tax-deferred retirement accounts (TDA) and housing are two major components of household portfolios. In this paper, we develop a life-cycle model to examine the interaction between households' use of TDA and their housing decisions. The model generates life-cycle patterns of home...
Persistent link: https://www.econbiz.de/10011460150
The common-factor hypothesis is one possible explanation for the housing wealth effect. Under this hypothesis, house price appreciation is related to changes in consumption as long as the available proxies for the common driver of housing and non-housing demand are noisy and housing supply is...
Persistent link: https://www.econbiz.de/10011576390
Research on neighbourhood effects indicates that neighbourhood poverty is related to educational outcomes of youth, however, much less attention is spend on studying neighbourhood and school effects simultaneously. Because the demographic composition of both contexts likely overlaps to some...
Persistent link: https://www.econbiz.de/10012059126
In this paper we propose a model for constructing neighbourhoods based on geo-referenced data and administrative data …. The 431,233 inhabited hectare cells in Denmark are clustered into 9,404 small and 2,296 large neighbourhoods, inhabited on … average in 2004 by 572 and 2,343 persons respectively. The priorities in the clustering process are to obtain neighbourhoods …
Persistent link: https://www.econbiz.de/10010268637
. The most severe problem is selection bias as a result of selective sorting into neighbourhoods. This paper argues that in …
Persistent link: https://www.econbiz.de/10010274593
contrast with previous studies, we do not only investigate who moves out of deprived neighbourhoods, but our models cover the … entire spectrum of neighbourhoods and provide a more complete interpretation of the process of mobility across socio …-spatial structures. We use the Index of Multiple Deprivation (IMD) to classify neighbourhoods defined as small areas containing …
Persistent link: https://www.econbiz.de/10010278364
In this paper we propose a model for constructing neighbourhoods based on georeferenced data and administrative data …. The 431,233 inhabited hectare cells in Denmark are clustered into 9,404 small and 2,296 large neighbourhoods, inhabited on … average in 2004 by 572 and 2,343 persons respectively. The priorities in the clustering process are to obtain neighbourhoods …
Persistent link: https://www.econbiz.de/10014532977