This paper analyzes the impact of the sale of rental housing in Amsterdam on the local housing market. This increases the supply of owner-occupied housing, but can also contribute to gentrification associated with the inflow of different household groups. Earlier literature focused on the former...

Following the global financial crisis, macroprudential regulators in a number of countries took actions to mitigate risks arising from stressed mortgage markets to financial and economic stability. Having disaggregated information on the stock of mortgages allows policymakers to analyse...

This study examines how the changing composition of adult educational attainment in cities affects the distribution of wages and rents in those cities. We extend the Rosen-Roback spatial equilibrium model to show that as the share of college graduates increases, the impact of this change on the...

The rising concentration of low-income households and ethnic minorities has become an important policy issue in Germany. The Ruhr Area is particularly interesting, because it is one of the largest conurbations in Europe and experienced radical structural changes in the past, which are connected...

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the U.S. labor market has become more unequal and polarized: wage differences have widened and middle-income jobs have been replaced by low- and high-income jobs.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...

Hurricane Katrina displaced more United States residents than any disaster since the Dust Bowl. Approximately 1 in 5 New Orleans residents relocated to Texas, moving from a majority Black city to places in which no group predominates. The arrival of Katrina survivors led to documented changes in...

This article is the first to examine financial restatements by Real Estate Investment Trusts (REITs). We provide a descriptive breakdown of the underlying causes of REIT restatements as well as overall and subsample analyses of stock market reactions to restatements from 2000 to 2011. REIT...

We study the city-wide effects of new, centrally-located market-rate supply using geo-coded total population register data from the Helsinki Metropolitan Area. The supply of new market rate units triggers moving chains that quickly reach middle- and low-income neighborhoods and individuals....

Michael Eriksen's “The Location of Affordable and Subsidized Rental Housing Across and Within the Largest Cities in the United States” (March 2021) provides evidence on changes in rent levels and the availability of subsidized rental housing for LMI households over the last two decades in...

This paper studies how limitations on land suitable for development affect within-city variation in urban density and its three components: crowding, residential coverage, and building height. We use the high variation in geographical obstacles − such as steep land slopes and the presence of...