Journal of Urban Economics最新文献

Judge for yourself? The impact of controls on the rental market in interwar New York 自己判断？管制对两次世界大战期间纽约租赁市场的影响

IF 4.8 1区经济学

Journal of Urban Economics Pub Date : 2026-05-01 Epub Date: 2026-04-25 DOI: 10.1016/j.jue.2026.103859

Maximilian Günnewig-Mönert , Ronan C. Lyons

{"title":"Judge for yourself? The impact of controls on the rental market in interwar New York","authors":"Maximilian Günnewig-Mönert , Ronan C. Lyons","doi":"10.1016/j.jue.2026.103859","DOIUrl":"10.1016/j.jue.2026.103859","url":null,"abstract":"<div><div>This paper examines the impact of early 20th-century rent control laws in New York City, exploiting judicial discretion as a source of variation. The 1920 regulations empowered municipal court judges to decide whether rent increases were “reasonable”, with rulings shaped by partisan affiliation. We assemble a new dataset of over 20,000 rental listings from the New York Times (1918–1930) and more than 7000 archival building permits, linked to records on 125 district judges. Using a Regression Discontinuity Design at municipal court district boundaries, we find that market rents rose by nearly 10 percent when crossing from Democrat- to Republican-controlled districts after rent control. We examine supply effects using a difference-in-differences design. We show that judicially enforced rent control substantially reduced residential investment: total residential investment was about 76 percent higher in landlord-friendly districts during the rent-control period. Together, these findings demonstrate how judicial discretion shaped both prices and investment, leading to systematic differences in profits and construction activity across districts, which likely shaped the medium-run build environment.</div></div>","PeriodicalId":48340,"journal":{"name":"Journal of Urban Economics","volume":"153 ","pages":"Article 103859"},"PeriodicalIF":4.8,"publicationDate":"2026-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147802446","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The impact of natural disasters on rental markets: Heterogeneous effects, rental subsidies, and equity in disaster recovery 自然灾害对租赁市场的影响：异质性效应、租赁补贴和灾后恢复中的公平性

IF 4.8 1区经济学

Journal of Urban Economics Pub Date : 2026-05-01 Epub Date: 2026-04-30 DOI: 10.1016/j.jue.2026.103862

Katharine W.H. Harwood

{"title":"The impact of natural disasters on rental markets: Heterogeneous effects, rental subsidies, and equity in disaster recovery","authors":"Katharine W.H. Harwood","doi":"10.1016/j.jue.2026.103862","DOIUrl":"10.1016/j.jue.2026.103862","url":null,"abstract":"<div><div>This paper examines the effect of Hurricane Sandy on rental markets in New York City and how existing rental subsidies influenced post-disaster recovery. Using an event study design that exploits spatial variation in storm exposure, I document persistent heterogeneity in rent dynamics across neighborhoods. Specifically, flooded blocks in lower income neighborhoods experience rent declines for up to 7 years after the storm, while rents in higher income neighborhoods rebound, and increase further within two years of the storm. I provide evidence that these diverging effects reflect disparate neighborhood resources for recovery: market-rate landlords in lower income neighborhoods were constrained in their ability to renovate their properties until the distribution of the city’s relief funds. In contrast, I show that voucher landlords in similar neighborhoods renovated much earlier, consistent with less binding capital constraints, and appear to have recouped the investment through increased tenant rents. Programmatic features shifted the incidence of these increases nearly entirely on the government, providing a sort of insurance for voucher landlords and tenants.</div></div>","PeriodicalId":48340,"journal":{"name":"Journal of Urban Economics","volume":"153 ","pages":"Article 103862"},"PeriodicalIF":4.8,"publicationDate":"2026-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147802447","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Old but gold: Historical pathways and path dependence 古老而珍贵：历史路径与路径依赖

IF 4.8 1区经济学

Journal of Urban Economics Pub Date : 2026-05-01 Epub Date: 2026-04-30 DOI: 10.1016/j.jue.2026.103863

Diogo Baerlocher , Guilherme Lambais , Eustáquio Reis , Diego Firmino Costa da Silva , Henrique Veras

引用次数: 0

The redistribution of housing wealth caused by rent control 房租管制导致的住房财富再分配

IF 4.8 1区经济学

Journal of Urban Economics Pub Date : 2026-03-01 Epub Date: 2026-02-17 DOI: 10.1016/j.jue.2026.103845

Kenneth R. Ahern , Marco Giacoletti

引用次数: 0

Working from home increases work–home distances 在家工作增加了工作与家庭的距离

IF 4.8 1区经济学

Journal of Urban Economics Pub Date : 2026-03-01 Epub Date: 2026-01-22 DOI: 10.1016/j.jue.2026.103832

Sena Coskun , Wolfgang Dauth , Hermann Gartner , Michael Stops , Enzo Weber

引用次数: 0

The topography of regulatory costs: The shadow cost-gradient of parking standards 管制成本的地形：停车标准的影子成本梯度

IF 4.8 1区经济学

Journal of Urban Economics Pub Date : 2026-03-01 Epub Date: 2026-02-05 DOI: 10.1016/j.jue.2026.103830

W. Bowman Cutter , Sofia F. Franco , W. Skyler Lewis

{"title":"The topography of regulatory costs: The shadow cost-gradient of parking standards","authors":"W. Bowman Cutter , Sofia F. Franco , W. Skyler Lewis","doi":"10.1016/j.jue.2026.103830","DOIUrl":"10.1016/j.jue.2026.103830","url":null,"abstract":"<div><div>This paper examines the shadow cost of minimum parking requirements (MPRs) for commercial real estate in Los Angeles County. This cost is defined as the difference between a parking space's market value and its combined construction and land costs. To estimate this shadow cost on a property-by-property basis, we use Mixed Geographically Weighted hedonic estimates to determine the value of on-site parking and location-specific parking cost estimates. Our methodology could also be applied to analyze the cost gradients of other zoning regulations, such as height limits and inclusionary housing.</div><div>Our results show that the implicit MPR costs vary widely, representing a significant gradient across the county. These costs are substantial relative to building construction expenses, allowing us to quantify how MPRs increase the cost of urban development.</div><div>In dense, high-value areas of Los Angeles County, the MPR costs for smaller properties can be as high as 30% of construction costs. In contrast, properties in outlying areas often have no binding MPRs. A real-world market test and instrumental variables approach further support the robustness of our findings.</div></div>","PeriodicalId":48340,"journal":{"name":"Journal of Urban Economics","volume":"152 ","pages":"Article 103830"},"PeriodicalIF":4.8,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146190151","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

When the neighbors are watching: Immigrant integration policy and housing wealth 当邻居们看着的时候：移民融合政策和住房财富

IF 4.8 1区经济学

Journal of Urban Economics Pub Date : 2026-03-01 Epub Date: 2026-02-19 DOI: 10.1016/j.jue.2026.103844

Mario F. Carillo , Lavinia Piemontese , Francesco Flaviano Russo

引用次数: 0

Identifying the general equilibrium effects of narcotics enforcement 确定缉毒行动的一般平衡效应

IF 4.8 1区经济学

Journal of Urban Economics Pub Date : 2026-03-01 Epub Date: 2026-01-22 DOI: 10.1016/j.jue.2025.103829

Zachary Porreca

{"title":"Identifying the general equilibrium effects of narcotics enforcement","authors":"Zachary Porreca","doi":"10.1016/j.jue.2025.103829","DOIUrl":"10.1016/j.jue.2025.103829","url":null,"abstract":"<div><div>I analyze the demand side impacts of a supply-side intervention into the market for illegal drugs in what has been described as America’s largest open-air drug market. Beginning in 2018, the Pennsylvania Attorney General’s office and the Philadelphia Police Department engaged in an ambitious effort to shut down the drug market in Philadelphia’s Kensington neighborhood. The intervention involved increased police presence in the targeted area alongside a series of targeted “kingpin” sweeps which were intended to remove the most pervasive operators from the market. I employ highly granular SafeGraph cell phone location data to track changes in traffic flows between census block groups, observing that the Initiative led to sizeable and persistent reductions in traffic flows to the target area. Additionally, in contrast to substitution effects observed in other work, I observe that the Initiative led to reductions in traffic flows to other regional drug markets and large declines in overdose mortality in the Philadelphia metropolitan area as a whole, suggesting a genuine reduction in the quantity of illegal narcotics demanded. With a combination of theory and empirics, I argue that this reduction in the quantity demanded regionally is able to be achieved due to the Initiative disrupting a supply-chain that data indicates flows from the target area outwards to smaller satellite markets. Together this all suggests that, despite the inelastic demand for narcotics, regionally linked markets can be impacted broadly by location specific interventions.</div></div>","PeriodicalId":48340,"journal":{"name":"Journal of Urban Economics","volume":"152 ","pages":"Article 103829"},"PeriodicalIF":4.8,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146039658","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Does political partisanship affect housing supply? Evidence from US cities 政治党派关系会影响住房供应吗？来自美国城市的证据

IF 4.8 1区经济学

Journal of Urban Economics Pub Date : 2026-03-01 Epub Date: 2026-02-05 DOI: 10.1016/j.jue.2026.103842

Fernando Ferreira , Joseph Gyourko

引用次数: 0

JUE insight: Floods & urban density JUE insight：洪水与城市密度

IF 4.8 1区经济学

Journal of Urban Economics Pub Date : 2026-03-01 Epub Date: 2026-01-20 DOI: 10.1016/j.jue.2026.103831

Pierre Magontier , Rodrigo Martinez-Mazza

引用次数: 0