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 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 …

-being reflected by their health and cognitive development. They are distinguished from the labor market outcomes of education in terms … these effects operate. The chapter pays a good deal of attention to the effects of education on health for a variety of …This chapter explores the effects of education on nonmarket outcomes from both theoretical and empirical perspectives …

Understanding of the substantial disparity in health between low and high socioeconomic status (SES) groups is hampered … disparities in health by SES. In our model, lifestyle factors, working conditions, retirement, living conditions and curative care … are mechanisms through which SES, health and mortality are related. Our model predicts a widening and possibly a …