In this paper, we investigate whether evidence of discriminatory treatment against immigrants in the Spanish mortgage market exists. More specifically, we test whether, ceteris paribus, immigrant borrowers tend to be charged with higher interest rates on their mortgages than their Spanish born...

For many analysts, the Chinese economy is spurred by a bubble in the housing market, probably driven by the fiscal stimulus package and massive credit expansion, with possible adverse effects to the real economy. For example, the stock of loans increased by more than 50 percent since the end of...

Air quality is one of the major concerns in big cities. It is therefore of interest to evaluate properly air pollution. Specifically, this paper aims at measuring how air quality is incorporated in transaction prices in downtown Madrid. For that purpose, we use multilevel models since our sample...

This paper demonstrates that subsidized housing substantially increased inequality among urban Chinese residents in 1988 and 1995. Regressions for 1995 rental units impute estimated market rents in 1988 and 1995 for all dwelling units. In both years, these imputed values exceeded actual rents by...

Urban revitalization programs are widespread used but empirically understudied place-based policy instruments which attract increasing attention in recent years. This study adds to the existing literature by evaluating the selection process which led to the designation of a set of five urban...

In 2001, the AZF plant exploded in Toulouse (France). The accident was unexpected, it strongly damaged local housing and benefited from a wide media coverage. It provides a rare opportunity to analyze the consequences of a shift in risk perception on housing markets and neighborhoods subject to...

This paper uses the British Household Panel Survey (1991-2008) and the UK Census (waves 1991, 2001 and 2011) to examine the association between gentrification and displacement in English cities. Gentrification is the phenomena of a large and relatively sudden in-migration of wealthy or middle...

Current developed economies' growth becomes increasingly dependent on the performance of innovation and skill-intensive industries. Therefore, the ability of cities to attract skilled or highly-educated individuals becomes more and more important for their growth and economic development. In...

Card et al (2008a) formalize a model of ethnic residential segregation where an ethnically mixed neighborhood is dynamically stable until its minority share reaches a threshold (the tipping point). Once the neighborhood has surpassed the tipping point, it will experience massive white flight....

Homeownership is heavily subsidized in many countries mainly through the tax code. The adverse effects of lenient tax treatment of owner-occupied housing on economic efficiency and growth are well documented in the economics literature. The main argument in favor of subsidizing owner-occupied...