Many of the world's major cities have attracted a flurry of out-of-town (OOT) home buyers. Such capital inflows affect house prices, rents, construction, labor income, wealth, and ultimately welfare. We develop an equilibrium model, calibrated to the typical U.S. metropolitan area, to quantify...

The paper presents a continuous-time dynamic model of a neighborhood in racial transition as triggered by a fee-motivated real estate broker. Racial transition occurs in an initially all-white neighborhood when the broker steers white sellers towards black buyers. Racial transition leads to a...

In China führten Reformen seit 1978 zu gewaltigen wirtschaftlichen Umwälzungen, doch die zunehmende Urbanisierung stellt das Land vor große Herausforderungen. Zunächst fehlt für die Produktivitätssteigerung der Industrie ein adäquates ländliches Bildungssystem. Zweitens verbleiben durch...

We discuss the sustainability of Chinese high growth relative to growth experience elsewhere, and specifically Soviet Russia in the 1950s to the 1960s by asking if the aggregate technology can eventually similarly constrain high growth performance in the Chinese case as argued by Weitzman in a...

We discuss the sustainability of Chinese high growth relative to growth experience elsewhere, and specifically Soviet Russia in the 1950s to the 1960s by asking if the aggregate technology can eventually similarly constrain high growth performance in the Chinese case as argued by Weitzman in a...

Turkey is facing a slight but remarkable reversal in population flows between settlements, a movement known as counterurbanisation. The aim of this paper is to investigate the new patterns of population flows linked to changes in employment. To explore these patterns, the paper focuses on the...

This paper presents the impact of income inequality on the subjective wellbeing of three different social groups in urban China. We classify urban social groups according to their hukou status: rural migrants, "born" urban residents, and "acquired" urban residents who had changed their hukou...

Migration, remittances, welfare, expenditure patterns, agricultural production, diversification, fixed-effect regression. length of migration, migration intensity, Vietnam. - Rücküberweisung, Wohlfahrt, Ausgabenstruktur, landwirtschaftliche Produktion, Diversifikation, Fixed-Effekt-Regression,...

Trends in economic development influence population outcomes in an area. Increasing economic opportunities that are typically linked to industrialization enhance the attractiveness of a location and result to population increases. The inverse of this process could also be true, that is, an...