This chapter focuses on neighborhood effects in housing markets. Households in effect choose neighborhood effects, or … priced by housing markets and be capitalized into housing values and rents. The chapter focuses on models that are … dimensionality. The chapter examines neighborhood choice, with endogenous and contextual neighborhood effects, and housing demand …

Using a simple two-sector life cycle economy with housing services and bequests, we show that a rising labor efficiency … the rising trends in wealth-to-income ratios, housing wealth, and wealth inequality, that have been documented in most … advanced countries at least since the '70s. This mechanism (which we label housing cost disease) has adverse effects on social …

We illustrate a novel informational feature of education, which the government may utilize. Discretionary decisions of … individuals to acquire education may serve as an additional signal (to earned labor income) on the underlying unobserved innate … education, as a supplement to the labor income tax. …

We examine economic growth, inequality and education when the wellspring of growth is the formation of human capital …

In this paper education simultaneously affects growth and income inequality. More education does not necessarily … decrease inequality when the latter is assessed by the Lorenz dominance criterion. Increases in education first increase and … information on the nonlinear relationship between growth and education. …

We examine economic growth, inequality and education when the wellspring of growth is the formation of human capital …

-ante identical individuals make unobservable private investments in education. We show that voting-based renegotiation can result in …