Showing 1 - 10 of 34
The economic expansion witnessed in the last 0,08% of modern human history is an anomalous event. It has been compared to a "rocket ship that took off five seconds ago, and nobody knows where it's going." This paper explores the destiny of this rocket ship. It shows that economic growth cannot...
Persistent link: https://www.econbiz.de/10014296883
The Degrowth Movement calls for "degrowth" – a reduction in GDP in advanced economies – to avert an ecological crisis. This paper argues that the Degrowth Movement misses that the West is already in a state resembling degrowth – a Great Stagnation. This state of degrowth and its...
Persistent link: https://www.econbiz.de/10014377094
We propose a new nonparametric approach to estimate the production function for housing. Our estimation treats output … competitive house builders. For parcels of a given size, we compute housing by summing across the marginal products of non … housing across locations. We implement our methodology on newly-built single-family homes in France. We find that the …
Persistent link: https://www.econbiz.de/10011584688
This paper establishes a simple theoretical framework which comprises key forces that shape the structure and interrelation of cities to study the interdependencies between urban evolution and the environment. We focus on the potential of the unfettered market forces to economize on emissions. A...
Persistent link: https://www.econbiz.de/10011307317
investigations reveal that the gap in housing outcomes is much more pronounced for the probability of home ownership than for home … value or home equity. Once households have entered the housing market, differences across gender, race and family type are …
Persistent link: https://www.econbiz.de/10010262140
higher levels of unemployment although home-owners tend to be unemployed less. The choice of housing tenure affects moving … mobility and unemployment, and discusses effects of government intervention in the housing market. In addition, it is shown …
Persistent link: https://www.econbiz.de/10010262416
This paper analyses the net worth and asset portfolios of native- and foreign-born Australian families using HILDA (wave 2) data. Specifically, we estimate a system of asset equations with an adding-up constraint imposed to control for variation in households' total net worth. Our results...
Persistent link: https://www.econbiz.de/10010268608
In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the …. Our model offers a new way to look at the housing market from a search-theoretic perspective. In addition, we contribute …
Persistent link: https://www.econbiz.de/10010269591
We analyze how sexual orientation is related to household savings using 2000 US Census data, and find that gay and lesbian couples own significantly more retirement income than heterosexuals, while cohabiting heterosexuals save more than their married counterparts. In a household savings model,...
Persistent link: https://www.econbiz.de/10010269903
) conducted by the Bank of Spain, we show that households with less trust invest more in housing and less in financial assets, in …
Persistent link: https://www.econbiz.de/10010274624