in the U.K. housing market. In addition to conducting parametric and non-parametric tests, we apply technical trading …-and-hold strategy for 10 out of 14 markets. -- Housing market ; weak-form market efficiency ; random walk hypothesis ; variance ratio …

.S. housing market, the results from the monthly and quarterly transaction-based Case-Shiller indices from 1987 to 2009 provide … further empirical evidence on the rejection of the weak-form version of efficiency in the U.S. housing market. In addition to …-and-hold strategy. -- Housing market ; weak-form market efficiency ; random walk hypothesis ; variance ratio tests ; runs test ; trading …

Individual sales prices and local vacancy rates in the housing market pose a natural analogy to the wage curve, a … popular concept in labor economics that describes how individual wages decrease with higher local unemployment. While housing … search and matching models and housing externalities strongly suggest a stable inverse relationship, there is still a lack of …

. Building on 942 elasticity estimates from 105 different studies, we identify sources of variation in the absolute value of this … elasticity. Heterogeneity due to the theoretical and empirical specification of the labor demand model, different datasets used … evidence for the presence of publication selection bias, as estimates of the own-wage elasticity of labor demand are upwardly …

There is still considerable dispute about the magnitude of labor supply elasticities. While differences in micro and … macro estimates are recently attributed to frictions and adjustment costs, we show that relatively low labor supply …, we estimate 3,456 structural labor supply models each representing a plausible combination of frequently made choices …

The standard labor-supply literature typically assumes that the labor supply response to wage increases is the same as … differently to wage increases than to wage decreases. We estimate the effect of wage increases and decreases on labor supply using … have smaller effects than wage decreases, suggesting that the labor-supply response to wage changes is asymmetric. This …

seminal inverse-elasticity rule. First, we estimate the tax elasticity of the two tax bases using event-study and generalized … business profits. This suggests that municipality-level taxation in Germany is inconsistent with the inverse-elasticity rule …

Most countries show a residency discount in rents for sitting tenants. In the wake of strong rent increases and housing … shortages, Germany implemented a reform in 2001 to curtail rent increases. Based on linked housing-tenant data for Germany, this …

Previous reviews of static labor supply estimations concentrate mainly on the evidence from the 1980s and 1990s, Anglo …-Saxon countries and early generations of labor supply modeling. This paper provides a fresh characterization of steady-state labor … supply elasticities for Western Europe and the US. We also investigate the relative contribution of different methodological …