Recent years have witnessed significant evolution in the structure and organization of China’s labor markets. While the majority of workers remain employed in public work units (state-owned enterprises and urban collectives), private sector employment in China hasexpanded significantly....

Housing policy under the Clinton and Bush Administrations has sought to boost homeownership while also narrowing racial gaps in owner-occupancy rates. Against that backdrop, homeownership rose sharply in the 1990s, but white-minority gaps remain in excess of 25 percentage points. We analyze...

In recent years, much of U.S. federal housing policy has focused on two complimentary goals: to increase U.S. homeownership rates while also narrowing enormous and longstanding racial gaps in homeownership. Against this backdrop, the U.S. homeownership rate rose to historic highs in the 1990s,...

This paper applies Census microdata from 1980 and 1990 to assess the determinants of housing tenure choice among racial and ethnic groups in the Los Angeles metropolitan area. Like previous research, our results indicate that endowment differences (income, education, andimmigrant status) largely...

Despite ongoing restructuring of the Chinese economy, barriers to labor mobility and attendantstratification of China’s labor markets remain significant. Those barriers serve to reduce the efficiency of labor market allocations and accordingly inhibit wage equilibration and productivity...

This paper estimates a proportional hazard model of duration of residence in rental housing. The study employs unique data from the BLS-CPI housing sample to construct the duration of rental occupancy for metropolitan areas over the 1987-1998 period. American Housing Survey and other...

Recent academic and policy analyses have sought to explicate the persistently depressed levels of black and Latino homeownership. While prior research has focused largely on racial disparitiesin household endowments (see, for example, Bostic and Surette (2001), Gabriel and Painter(2001),...

Recent years have seen the emergence of substantial scholarly research devoted to cross-national comparisons of real estate markets and financial institutions. In part, these analyses evaluate real estate market efficiency and the distributional outcomes associated with diverse institutions and...