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We document that the recent house price experiences within an individual's social network affect her perceptions of the attractiveness of property investments, and through this channel have large effects on her housing market activity. Our data combine anonymized social network information from...
Persistent link: https://www.econbiz.de/10012988967
liberal access to citizenship improves the economic integration of immigrants. Our analysis relies on two major immigration …
Persistent link: https://www.econbiz.de/10013054494
Shocks to the demand for housing that originate in one region may seem important only for that regional housing market. We provide evidence that such shocks can also affect housing markets in other regions. Our analysis focuses on the response of Canadian housing markets to oil price shocks. We...
Persistent link: https://www.econbiz.de/10012916565
The renewed momentum in the German housing market has led to concerns that Germany is vulnerable to asset price shocks. In this paper, we apply recently developed recursive unit root tests to detect the beginning and the end of potential speculative bubbles in Germany over the sample period...
Persistent link: https://www.econbiz.de/10013079871
Policies affecting the cost of energy use provide correct incentives for technology choices only if there is a market reward for energy efficiency. We provide clean evidence for market efficiency by considering how heating technologies capitalize into house values using detailed Finnish register...
Persistent link: https://www.econbiz.de/10013045929
With the rise of the far-right parties in the European parliamentary elections, concerns over immigration and national … identity have again come into the limelight. In this paper, we document the empirical relationships between immigration, native … concerns over the economic and cultural impact of immigration, and the rise of right-wing political parties in Europe …
Persistent link: https://www.econbiz.de/10012999791
state regulations to investigate how minimum wages affect the labor market impact of immigration. We find that the effects … of immigration on labor market outcomes of native workers within a given state-skill cell are more negative in U … immigration as well as state minimum wages, and to implementing a difference-in-differences strategy comparing U.S. States where …
Persistent link: https://www.econbiz.de/10012951556
We develop and empirically test a theory concerning individual beliefs about whether immigrants should culturally assimilate into the host society or preserve their own cultural norms. We argue that when national identity is a source of intrinsic utility, the longevity of national identity...
Persistent link: https://www.econbiz.de/10012954570
migrants and refugees relative to family migrants, for men and individuals below the median age, and for individuals with …
Persistent link: https://www.econbiz.de/10012955189
We investigate the welfare implications of two pre-crisis immigration waves (1991–2000 and 2001–2010) and of the post … channels of transmission of immigration shocks – the employment and wage effects, the fiscal effect, and the market size effect …-country heterogeneity in the economic benefits from immigration …
Persistent link: https://www.econbiz.de/10012916954