Showing 1 - 10 of 308
During the past fifteen years, more than 30% of US coal plants have had at least one coal-fired generator close. We utilize this natural experiment to estimate the effect of coal plant exposure on mortality and house values. Using a difference-in-differences design, we find that, despite the...
Persistent link: https://www.econbiz.de/10013477294
According to ECB (2023) and European Systemic Risk Board (2022), Swedish owner-occupied housing (OOH) was overvalued by about 55% in 2021q2, the largest overvaluation in the EU and EEA; according to European Commission (2023c), by about 30% in 2022. These assessments affect warnings and...
Persistent link: https://www.econbiz.de/10014436993
The real estate market is highly intermediated, with 90 percent of buyers and sellers hiring an agent to help them transact a house. However, low barriers to entry and fixed commission rates result in a market where inexperienced intermediaries have a large market share, especially following...
Persistent link: https://www.econbiz.de/10014372440
We estimate the impact of more stringent minimum lot size restrictions across small border areas of neighboring communities using data from the Wharton Residential Land Use Regulatory Index (WRLURI) surveys. Economically meaningful effects are found on the built environment, not just house...
Persistent link: https://www.econbiz.de/10014372467
Our understanding of individuals' response to information about unregulated contaminants is limited. We leverage the highly publicized social discovery of unregulated PFAS (per- and polyfluoroalkyl substances) contamination in public drinking water to study the impact of information about...
Persistent link: https://www.econbiz.de/10014372488
Data from downtown Boston in the 1990s show that loss aversion determines seller behavior in the housing market. Condominium owners subject to nominal losses 1) set higher asking prices of 25-35 percent of the difference between the property's expected selling price and their original purchase...
Persistent link: https://www.econbiz.de/10012470583
Throughout the last decade, many states around the country have begun making public student test scores or other evaluative measures of school quality available to the general public. The most recent trends in state policies under consideration, already enacted in Florida and a n major component...
Persistent link: https://www.econbiz.de/10012470712
This paper analyses how the properties of locational equilibrium models can be used to evaluate approaches for constructing price indexes for heterogeneous houses. Housing markets play a key role in locational equilibrium models. Prices for houses determine that implicit costs that households...
Persistent link: https://www.econbiz.de/10012470802
The racial gap in the value of owner occupied housing has narrowed substantially since 1940, but this narrowing has not been even over time or across space. The 1970s stand out as an unusual decade in which the value gap did not narrow despite continued convergence in the observed...
Persistent link: https://www.econbiz.de/10012471001
The historical evolution of racial differences in income in the 20th century United States has been examined intensively by economists, but the evolution of racial differences in wealth has been examined far less. This paper uses IPUMS data to study trends in racial differences in home ownership...
Persistent link: https://www.econbiz.de/10012471506