Journal of Housing Economics最新文献

Unpacking the relation between media sentiment and house prices: A topic modeling approach 解读媒体情绪与房价之间的关系：主题建模方法

IF 1.4 3区经济学

Journal of Housing Economics Pub Date : 2024-09-21 DOI: 10.1016/j.jhe.2024.102025

引用次数: 0

A cost decomposition of break-even rents for new multifamily housing development 新的多户住宅开发项目盈亏平衡租金的成本分解

IF 1.4 3区经济学

Journal of Housing Economics Pub Date : 2024-08-06 DOI: 10.1016/j.jhe.2024.102012

引用次数: 0

What determines the success of housing mobility programs? 是什么决定了住房流动计划的成功？

IF 1.4 3区经济学

Journal of Housing Economics Pub Date : 2024-07-06 DOI: 10.1016/j.jhe.2024.102009

引用次数: 0

Impact of skills in early adulthood on lifetime homeownership disparities 成年早期的技能对终生住房所有权差异的影响

IF 1.4 3区经济学

Journal of Housing Economics Pub Date : 2024-07-04 DOI: 10.1016/j.jhe.2024.102011

{"title":"Impact of skills in early adulthood on lifetime homeownership disparities","authors":"","doi":"10.1016/j.jhe.2024.102011","DOIUrl":"10.1016/j.jhe.2024.102011","url":null,"abstract":"<div><p>This paper shows that skills acquired by early adulthood affect homeownership levels achieved later in life in important ways. The paper examines three sets of skills—cognitive skills, as measured by the Armed Forces Qualifying Test (AFQT) score; non-cognitive skills (specifically, the degree to which people believe that they have control over the outcome of events in their lives), measured by the Rotter score; and social skills, using a Social score based on Deming (2017). Mediation analysis is used to identify both the direct and indirect effects of these skills, as captured by the three different types of scores, on homeownership. We show that the AFQT score measuring cognitive skills not only captures direct effects on the homeownership rate, but even larger indirect effects through the mediator variables—education and income. AFQT scores in early adulthood are shown to be highly predictive of homeownership outcomes, explaining roughly one-quarter to one-third of the disparate outcomes between White, Black, and Hispanic households. We also examine the degree to which the AFQT, Rotter, and Social scores explain variation in homeownership rates over an individual's life cycle. The findings suggest that reducing disparities in educational outcomes would meaningfully contribute to reducing minority homeownership gaps.</p></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2024-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141704302","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Opioids prescribing restrictions and homelessness: Evidence from hydrocodone rescheduling 阿片类药物处方限制与无家可归问题：从氢可酮重新列表中获得的证据

IF 1.4 3区经济学

Journal of Housing Economics Pub Date : 2024-06-25 DOI: 10.1016/j.jhe.2024.102010

{"title":"Opioids prescribing restrictions and homelessness: Evidence from hydrocodone rescheduling","authors":"","doi":"10.1016/j.jhe.2024.102010","DOIUrl":"10.1016/j.jhe.2024.102010","url":null,"abstract":"<div><p>This paper examines the effect of restricting opioid prescription on homelessness. We assess this relationship by exploiting plausible exogenous variation in prescribed opioid supply derived from an opioid restriction policy: the hydrocodone (i.e., Vicodin, not oxycodone products like Oxycontin) rescheduling. We identified the causal effect of this decrease in the supply of hydrocodone, the most prescribed opioid in the U.S. and comprising 55% of overall use opioid prescription dispensing, by comparing the number of homeless individuals in geographies with higher exposure to Hydrocodone against those in areas with lower exposure, before and after the enactment of the policy. We find that in the quarter following hydrocodone upscheduling, the rate of people experiencing homelessness decreased by almost 56 per 100,000 inhabitants (a 25.4% reduction relative to the pre-policy mean). In addition, results show that hydrocodone prescriptions, drug related deaths, unemployment, and divorce rates decrease following the upscheduling. Taken together, our results suggest that during our study period (2007–2017) the hydrocodone rescheduling reduced homelessness by preventing some household crises.</p></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2024-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142150923","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Fairness of the first-come, first-served rule on the rental housing market: Insights from a hypothetical survey experiment 先到先得规则对房屋租赁市场的公平性：一项假设调查实验的启示

IF 1.4 3区经济学

Journal of Housing Economics Pub Date : 2024-06-09 DOI: 10.1016/j.jhe.2024.102004

Mathieu Bunel , Elisabeth Tovar

{"title":"Fairness of the first-come, first-served rule on the rental housing market: Insights from a hypothetical survey experiment","authors":"Mathieu Bunel , Elisabeth Tovar","doi":"10.1016/j.jhe.2024.102004","DOIUrl":"10.1016/j.jhe.2024.102004","url":null,"abstract":"<div><p>Echoing recent policies implemented in Seattle and Portland, we examine perceptions of the fairness of the first-come, first-served (FCFS) rule in the context of discrimination in the rental housing market. To do so, we use an original hypothetical survey experiment in which a rental agent is confronted with the discriminatory preferences of his landlord customers. A sample of 2,835 respondents representative of the US population was asked about which choice was the best, from a moral point of view: to allocate rental units exclusively to whichever group applied first (FCFS rule), to the other group or 50/50 to both groups. In two separate experiments, we manipulated (i) the order of arrival of the discriminated and non-discriminated groups, (ii) the income impact of implementing the FCFS rule for the rental agent, who risks losing landlord customers if they rent to the discriminated group, (iii) peer effects, i.e., what other rental agents do and (iv) social norms shared by all members of the community. Consistent with the literature, we find that the order of tenant arrival affects respondents’ normative preferences, and that, second to the 50/50 rule, the FCFS rule is well-received by respondents. Additionally, income, peer influence and social norms all causally impact the level of support for the FCFS rule among respondents. Finally, respondents who are more likely to experience economic hardship and belong to the dominant group in their neighbourhood are the least likely to support the FCFS rule.</p></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":null,"pages":null},"PeriodicalIF":1.4,"publicationDate":"2024-06-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1051137724000238/pdfft?md5=8612a5836a66325f8cd8020a528b311c&pid=1-s2.0-S1051137724000238-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141403563","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

How supply and demand affect national house prices: The case of Ireland 供求如何影响国家房价：爱尔兰案例

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2024-05-27 DOI: 10.1016/j.jhe.2024.102006

Paul Egan, Kieran McQuinn, Conor O'Toole

{"title":"How supply and demand affect national house prices: The case of Ireland","authors":"Paul Egan, Kieran McQuinn, Conor O'Toole","doi":"10.1016/j.jhe.2024.102006","DOIUrl":"https://doi.org/10.1016/j.jhe.2024.102006","url":null,"abstract":"<div><p>While many western economies experienced substantial fluctuations in house prices since the turning of the century, the Irish residential market stands out as a particular case. Irish house prices experienced profound increases in the period leading up to the global financial crisis (GFC); thereafter the concomitant downturn in both the real Irish economy and financial sector precipitated a dramatic decline in prices between 2007 and 2012. However, since 2012 prices have increased in a sustained and persistent manner. A number of possible reasons are commonly cited for the recovery. In this paper we avail of a new housing and financial sector model, which are part of a broader macro-econometric model, COSMO, of the Irish economy to characterise the determinants of Irish house prices over the period 1995–2019 and in particular to examine the reasons for the post 2012 recovery. The suite of models are used to examine the contribution of developments in both monetary policy and financial stability as well as the performance of the real economy. The role played by the sluggish response of the supply-side of the Irish residential sector is also assessed. The supply-side of the Irish market was especially impacted by the GFC and has struggled to respond to the surge in housing demand which has accompanied the general economic recovery since 2012. Our results have interesting implications for the growing literature examining the intersection of monetary policy and financial stability on house prices.</p></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2024-05-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141428935","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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 price of short-term housing: A study of Airbnb on 26 regions in the United States 短期住房的价格：对美国 26 个地区 Airbnb 的研究

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2024-05-26 DOI: 10.1016/j.jhe.2024.102005

Wenzhen Lin , Fan Yang

{"title":"The price of short-term housing: A study of Airbnb on 26 regions in the United States","authors":"Wenzhen Lin , Fan Yang","doi":"10.1016/j.jhe.2024.102005","DOIUrl":"https://doi.org/10.1016/j.jhe.2024.102005","url":null,"abstract":"<div><p>This study investigates the influence of customer review content and other attributes on Airbnb listing prices, using data from listings across 26 U.S. regions. By integrating sentiment analysis and topic modeling with hedonic and quantile regression models, this paper examines the significant role of electronic word-of-mouth in the short-term rental market, by studying how review sentiments and topics affect pricing strategies. The findings reveal that negative reviews have twice the impact on listing prices as positive reviews; and fourfold for lower-priced listings. Moreover, the results of topic modeling show that both positive and negative reviews related to facilities and location have a larger impact on listing prices. Additionally, the study looks at how the distance of listings from the city center and the timing of reviews affect pricing adjustments. The influence of reviews diminishes for listings located farther from the city center, indicating that Airbnb listing prices near the city center are more sensitive to changes in price determinants. The study also uncovers the existence of a lag effect in how reviews impact prices, showing that Airbnb hosts may not adjust prices as quickly as hotel owners. Overall, the study enriches existing literature by taking into account the review content and type of customer reviews, offering a more comprehensive understanding of short-term rental pricing.</p></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2024-05-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141313814","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Seller and search behavior in the Belgian housing market 比利时住房市场的卖方和搜索行为

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2024-05-09 DOI: 10.1016/j.jhe.2024.101997

Joren Vandenbergh

引用次数: 0

Homeownership, the unemployed and financial hardship 房主、失业者和经济困难

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2024-04-25 DOI: 10.1016/j.jhe.2024.101996

Riccardo Welters , Ruud Gerards , Kyran Mellor

{"title":"Homeownership, the unemployed and financial hardship","authors":"Riccardo Welters , Ruud Gerards , Kyran Mellor","doi":"10.1016/j.jhe.2024.101996","DOIUrl":"10.1016/j.jhe.2024.101996","url":null,"abstract":"<div><p>We follow 3,826 Australian unemployed persons, approximately half of whom are homeowners. We conduct a matching analysis and find that homeownership reduces both experienced and perceived financial hardship. Building on recent findings in the literature that the presence of financial hardship deteriorates job search quality (i.e., stressors like financial hardship lead to the adoption of haphazard rather than focused job search strategies), we introduce financial hardship as a novel channel through which homeownership affects labour market outcomes of the unemployed. In our matching analysis, we include historical labour market performance and personality traits linked to mobility preferences, to address endogeneity. We also confirm that homeownership reduces residential mobility and increases neighbourhood social capital but find no effect on reservation wages of the unemployed. Considering declining homeownership rates across the OECD in recent years, our findings are both timely and imperative to understand the effect of homeownership on labour market outcomes of the unemployed.</p></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":null,"pages":null},"PeriodicalIF":2.4,"publicationDate":"2024-04-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1051137724000159/pdfft?md5=c134cb74b21bcba8f58df2fb4e73df0a&pid=1-s2.0-S1051137724000159-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140786437","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0