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Using models from the happiness and the behavioural economics literature, we develop an analytical framework to investigate the relationship between housing wealth and residential satisfaction. Two hypotheses, i.e., social comparison and adaptation, are tested by using household panel survey...
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being proactive in preventing crime and ensuring the quality of publicly provided goods. Homeownership increases incentives … for such efforts, but credit market imperfections force the poor to rent. Within-community externalities can lead to …
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Tiebout's classic 1956 paper has strong implications regarding stratification across and within jurisdictions, predicting (in the simplest instance) a hierarchy of internally homogeneous communities, ordered by household income. In practice, urban areas tend to exhibit varying degrees of...
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-environment interactions: The environment moderates genetic effects on homeownership in that growing up in a wealthier family results in a … portion of the variation in homeownership among those who grew up in a less wealthy family environment. Furthermore, we find … homeownership and home location are partly genetic. The findings contribute to a deeper understanding of the factors that explain …
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propose that specialization and diversity may offer externalities operating at different spatial scales. Using high …
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