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We exploit quasi-experimental variation in assignment of rent control to study its impacts on tenants, landlords, and the overall rental market. Leveraging new data tracking individuals' migration, we find rent control increased renters' probabilities of staying at their addresses by nearly 20%....
Persistent link: https://www.econbiz.de/10012453532
We analyze the prices of owner-occupied housing in 97 metropolitan areas between 1980 and 2011. Our tests indicate that price changes exhibit positive serial correlation at the one year intervals, with subsequent reversals of price changes over longer intervals. Consistent with our simple model,...
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In the light of the unconventional monetary policies conducted by the majority of large central banks around the world, there is an intense debate about their potential impact on the prices of capital assets. Particularly in Germany, skepticism about the sustainability of the recent policy by...
Persistent link: https://www.econbiz.de/10011485154
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This paper studies the causes and consequences of racial segregation using a new general equilibrium model that treats … carrying out counterfactual simulations that shed light on the causes and consequences of segregation. In terms of causes, and … result in significant reductions in racial segregation, as minority households would sort into newly formed minority …
Persistent link: https://www.econbiz.de/10011607661
. Since there is no empirical evidence about the extent of residential segregation within the cities of the Ruhr Area, I use … residentiellen Segregation innerhalb der Städte des Ruhrgebietes gibt, verwende ich Mikrodaten auf Hauskoordinatenebene, um die …
Persistent link: https://www.econbiz.de/10012549543
Case studies across the social sciences have established a positive relationship between social status and happiness. In observational data, however, identification challenges remain severe. This study exploits the fact that in India people are assigned a caste from birth. In data on 1000...
Persistent link: https://www.econbiz.de/10011548261