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Wages, Rents and Heterogeneous Moving Costs

Krupka, Douglas James; Donaldson, Kwame - Institute for the Study of Labor (IZA) - 2007

The model of compensating differentials in regional labor markets was developed by Roback (1982). The model interprets regional differences in constant quality wages and rents as compensating firms and residents for inter-regional differences in amenities. The model assumes that the costs of...

Persistent link: https://www.econbiz.de/10005233845

Unemployment and Labor Force Participation in Turkey

Tansel, Aysit; Ozdemir, Zeynel Abidin; Aksoy, Emre - 2015

This paper investigates the relationship between labor force participation rate and unemployment rate in Turkey a … developing country. Cointegration analysis is carried out for the aggregate and gender and age specific series. The findings … indicate that there is no long-run relationship between labor force participation and unemployment rates in Turkey. Thus …

Persistent link: https://www.econbiz.de/10010500331

Unemployment and Labor Force Participation in Turkey

Tansel, Aysit; Ozdemir, Zeynel Abidin; Aksoy, Emre - Institute for the Study of Labor (IZA) - 2015

Persistent link: https://www.econbiz.de/10011167201

Wages, Rents and Heterogeneous Moving Costs

Krupka, Douglas J.; Donaldson, Kwame - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

The model of compensating differentials in regional labor markets was developed by Roback(1982). The model interprets regional differences in constant quality wages and rents ascompensating firms and residents for inter-regional differences in amenities. The modelassumes that the costs of...

Persistent link: https://www.econbiz.de/10005861156

Explaining Regional Disparities in Housing Prices across German Districts

Brausewetter, Lars; Thomsen, Stephan L.; Trunzer, Johannes - 2022

Over the last decade, German housing prices have increased unprecedentedly. Drawing on quality-adjusted housing price data at the district level, we document large and increasing regional disparities: growth rates were higher in 1) the largest seven cities, 2) districts located in the south, and...

Persistent link: https://www.econbiz.de/10013351738

How Does the Economic Uncertainty Affect Asset Prices under Normal and Financial Distress Times?

Balcilar, Mehmet; Ozdemir, Zeynel Abidin; Ozdemir, Huseyin - 2022

By using a nonlinear VAR model, we investigate whether the response of the US stock and housing markets to uncertainty shocks depends on financial conditions. Our model allows us to change the response of the US financial markets to volatility shocks in periods of normal and financial distress....

Persistent link: https://www.econbiz.de/10013351835

The Understated ‘Housing Shortage’ in the United States

Corinth, Kevin; Dante, Hugo - 2022

Following popular discourse, we abuse economic terminology by defining the “housing shortage” in the United States as the difference between the number of homes that would be built in the absence of supply constraints and the actual number of homes. The magnitude of the housing shortage is...

Persistent link: https://www.econbiz.de/10013351986

House Price Responses to Monetary Policy Surprises: Evidence from the U.S. Listings Data

Gorea, Denis; Kryvtsov, Oleksiy; Kudlyak, Marianna - 2022

Existing literature documents that house prices respond to monetary policy surprises with a significant delay, taking years to reach their peak response. We present new evidence of a much faster response. We exploit information contained in listings for the residential properties for sale in the...

Persistent link: https://www.econbiz.de/10013426330

Health Shocks and Housing Downsizing: How Persistent Is 'Ageing in Place'?

Costa-Font, Joan; Vilaplana-Prieto, Cristina - 2022

Individual preferences for 'ageing in place' (AIP) in old age are not well understood. One way to test the strength of AIP preference is to investigate the effect of health shocks on residential mobility to smaller size or value dwellings, which we refer to as 'housing downsizing'. This paper...

Persistent link: https://www.econbiz.de/10013470399

The Heterogeneous Response of Real Estate Asset Prices to a Global Shock

Heiniger, Sandro; Koeniger, Winfried; Lechner, Michael - 2022

We estimate the transmission of the pandemic shock in 2020 to prices in the residential and commercial real estate market by causal machine learning, using new granular data at the municipal level for Germany. We exploit differences in the incidence of Covid infections or short-time work at the...

Persistent link: https://www.econbiz.de/10013470462