We experimentally test Kőszegi and Rabin's (2006, 2007) theory of reference-dependent preferences in the context of price expectations. In an incentivised valuation task, participants are endowed with a mug and provide their willingness to accept (WTA) to sell it. We manipulate the sale price...

This study examines short-, medium-, and long-run price expectations in housing markets. We derive and test six hypothesis about the incidence, formation, and relevance of price expectations. To do so, we use data from a tailored household survey, past sale and rental offerings, satellites, and...

In this paper, we study the house price effects of local school choice opportunities among public primary schools using a rare and large-scale reform that abolished binding catchment areas in North RhineWestphalia, the largest German state with 18 million inhabitants. To estimate the reform's...

To analyze the impact of changes in the value of marriage on household decisions, we present a limited commitment framework of household behavior in which decisions are made regarding labor supply, divorce and housing demand over the lifecycle. We identify and estimate our structural model using...

This paper analyzes savings and asset holdings of immigrants in relation to their return plans. We argue that savings and asset accumulation may be affected by return plans of immigrants. Further, the way savings and assets are held in the home and host country may also be related to future...

Obwohl die funktionale Mischung von Wohnen und Arbeiten die Schaffung von kompakten Siedlungsstrukturen verspricht, werden die Auswirkungen von arbeitsplatzwirksamen gewerblichen Entwicklungen auf den Wohnungsbedarf in der aktuellen Praxis nicht ausreichend gesteuert. In der Folge ergibt sich...

The transition into homeownership is becoming increasingly difficult for first-home buyers. In this paper we measure the deposit requirements and the transaction costs associated with purchasing a home for the first time, and whether a reduction in stamp duty obligations will help potential...