Showing 1 - 10 of 33,727
Conventional wisdom holds that one of the riskiest aspects of owning a house is the uncertainty surrounding its sale price, especially if one moves to another housing market. However, households who sell a house typically buy another house, whose purchase price is also uncertain. We show that...
Persistent link: https://www.econbiz.de/10013134244
We show that the hedging benefit of owning a home reduces the variability of housing consumption after a move. When a current home owner's house price covaries positively with housing costs in a future city, changes in the future cost of housing are offset by commensurate changes in wealth...
Persistent link: https://www.econbiz.de/10013115530
In recent decades, the U.S. labor market has become more unequal and polarized: wage differences have widened and middle-income jobs have been replaced by low- and high-income jobs. The rise in inequality and polarization have been more pronounced in large cities. I argue that this can be...
Persistent link: https://www.econbiz.de/10013224559
The rate of homeownership is close to the OECD average in Luxembourg. However, strong house price increases, mainly …
Persistent link: https://www.econbiz.de/10012259010
Previous research has shown that non-local household investors make sub-optimal asset selection and market timing decisions. However, in real estate markets, heterogeneity in returns can exist even with identical ex ante investment (timing) choices, given that transaction prices are the outcome...
Persistent link: https://www.econbiz.de/10012219354
This paper estimates the impact of the murder of film maker Theo vanGogh on November 2, 2004, on listed house prices in Amsterdam with aunique dataset. We use an hedonic-market approach to show that gen-eral attitudes towards Muslim minorities were negatively affected by themurder. Specifically,...
Persistent link: https://www.econbiz.de/10011350359
In recent years, as the homeownership rate in the United States reached its highest level in history, homeownership … Public Use Microdata Series (IPUMS) and 2006 American Community Survey (ACS) to study the trajectory into homeownership of … homeownership. The unique (merged) dataset enables the authors to distinguish assimilation (length of residence) from immigration …
Persistent link: https://www.econbiz.de/10003859919
In recent years, as the homeownership rate in the United States reached its highest level in history, homeownership … Public Use Microdata Series (IPUMS) and 2006 American Community Survey (ACS) to study the trajectory into homeownership of … homeownership. The unique (merged) dataset enables the authors to distinguish assimilation (length of residence) from immigration …
Persistent link: https://www.econbiz.de/10014207625
This paper estimates the impact of the murder of film maker Theo vanGogh on November 2, 2004, on listed house prices in Amsterdam with aunique dataset. We use an hedonic-market approach to show that gen-eral attitudes towards Muslim minorities were negatively affected by themurder. Specifically,...
Persistent link: https://www.econbiz.de/10010325456
In recent years, as the homeownership rate in the United States reached its highest level in history, homeownership … Public Use Microdata Series (IPUMS) and 2006 American Community Survey (ACS) to study the trajectory into homeownership of … homeownership. The unique (merged) dataset enables the authors to distinguish assimilation (length of residence) from immigration …
Persistent link: https://www.econbiz.de/10010266598