In a paper published in The Review of Economics and Statistics some 20 years ago, we sought to assess the disparate residential location choices of black and white households in the Washington, D.C. metropolitan area (Gabriel and Rosenthal [1989]). The paper showed that simulated closure of...

Many studies in the 1970s and 1980s have examined the effects of the welfare systemon individual behavior. All of these studies fail to appropriately consider low income housingassistance. Most studies have either ignored housing assistance or have implicitly assumed thatthere is no rationing in...

Changes in the Internal Revenue Code create and remove tax-induced trading constraints on homeowners. The Taxpayer Relief Act of 1997 replaced a one-time, post- age 55 capital gain exclusion with a larger gain exclusion option that could be exercised every two years. We develop a simple...

Fluctuations in the stock market and in house values over the course of recent years have led to renewed macroeconomic policy debate as regards the effects of financial and housing wealth in the determination of consumer spending. This research assembles a unique matched sample of household data...

This study examines the role of the current proximity to children and recent moves of children within a proximate distance in housing tenure transitions of older households. This study is the first to investigate the interplay between health status of older households, moves of their children,...