In this paper, we estimate the effect on housing prices of the expansion of the Vancouver SkyTrain rapid transit network during the period 2001-11. We extend the canonical residential sorting equilibrium framework to include commuting time in the household utility function. We estimate household...

In Transylvania, buildings with a high quality architecture have been constructed along the centuries. The purpose of the present study is to document the built heritage of Transylvania, particularly the Jewish buildings and especially those that had been neglected over the last years. The...

Wohnen wird – zumindest in einigen Städten – zum Luxusgut, bezahlbarer Wohnraum zur Mangelware. Die Wohnungsbaupolitik muss drastisch verändert werden. Sollte der soziale Wohnungsbau ausgebaut, die Mietpreisbremse verschärft werden oder – im Gegenteil – auf beides weitgehend...

Existing home sales' share of Canada's economic pie has been rising in recent years, and variation around this trend has resulted in outsized contributions to changes in real gross domestic product (GDP). In this context, we use a cointegration framework to estimate the level of resale activity...

Using an overlapping generations model, this paper examines tax policy effects across generations. The model incorporates housing assets separately from capital assets and includes taxes on labor income, capital income, consumption and housing assets. Tax reforms for each tax rate have different...

Abstract:We develop a model of the housing market that features both financial and matching frictions. In the model, risk-averse households may save or borrow in order to smooth consumption over time and finance owner housing. Each household either rents or owns its house. Some renter households...

In diesem Wochenbericht wird die Entwicklung der Wohnkostenbelastung von Haushalten mit einer Referenzperson ab 65 Jahren in Deutschland seit 1996 untersucht. Vor allem Mieterhaushalte sind von der starken Zunahme dieser Kosten betroffen. Im Ergebnis hat sich in dieser Altersgruppe der Anteil...

Wohnraum wird in weiten Teilen Deutschlands, in erster Linie in Städten und Ballungsräumen, immer teurer. Die günstigen Zinsen lassen den Immobilienerwerb zwar auf den ersten Blick erschwinglich erscheinen. Viele Haushalte mit geringen oder mittleren Einkommen konnten allerdings der...

Using the data on maintenance expenditures and self-assessed house value, I separate the measure of individual housing stock and house prices, and use these data for testing whether nondurable consumption and housing are characterized by intratemporal nonseparability in households’...

Housing transfer taxes are fiscally important in many countries despite evidence of substantial welfare losses found in several quasi-experimental studies. Research designs used in this prior literature are prone to attenuation bias due to spillovers from mobility or trading across control and...