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disease by promoting housing stability. Housing precarity, which includes both the risk of eviction and utility disconnections … infections rates could have been reduced by 8.7% and deaths by 14.8%. Housing precarity policies that prevent eviction and …
Persistent link: https://www.econbiz.de/10012482612
agents have a lower probability of selling, and this effect is strongest during the housing bust. We then study the aggregate … implications of the distribution of agents' experience on housing market liquidity by building a dynamic entry and exit model of …
Persistent link: https://www.econbiz.de/10014372440
increases housing demand and thus housing prices since housing is inelastically supplied. Because workers in non …-telecommutable occupations must consume housing but their total factor productivity does not increase, the rise in house prices reduces their …
Persistent link: https://www.econbiz.de/10015171687
nondurable consumption, or b) the implications for portfolio allocation of housing risk arising from variation in the relative … price of housing. By introducing an endogenously determined but infrequently adjusted state variable, the housing model … utility function which nests both the housing model and habit persistence, the Euler equation for nondurable consumption is …
Persistent link: https://www.econbiz.de/10012468235
Recent empirical work in public finance uses the housing price response to public investments to assess the efficiency …
Persistent link: https://www.econbiz.de/10012459894
This paper exploits the seasonal and annual changes in marginal prices for water to estimate the price elasticity of demand by residential households for water. It uses the changes in distributions of water using the census block group levels in response to changes in marginal prices of water...
Persistent link: https://www.econbiz.de/10012460368
Since the mid-1980s, monetary policy has contributed to a great moderation of the housing cycle by responding more … simulation with a simple model of the housing market shows that this deviation may have been a cause of the boom and bust in … housing starts and inflation in the last two years. Moreover, a significant time series correlation between housing price …
Persistent link: https://www.econbiz.de/10012464964
The housing sector is now (September 2007) at the root of three distinct but related problems: (1) a sharp decline in …
Persistent link: https://www.econbiz.de/10012465177
in which households face housing collateral constraints. An increase in the ratio of housing to human wealth loosens … equity decreases as a result. Feeding the historical time series of US housing collateral into the model replicates four … equity holders, especially in the 1990s. (3) The risk-free rate and the housing collateral ratio are strongly positively …
Persistent link: https://www.econbiz.de/10012465895
ranging from government quality to economic growth. Popular authors suggest that housing and architecture are important … determinants of social connection. This paper examines the connection between housing structure and social connection. We find that …
Persistent link: https://www.econbiz.de/10012470696