Journal of Housing Economics最新文献

Mandatory energy efficiency disclosure policies and house prices

IF 1.4 3区经济学

Journal of Housing Economics Pub Date : 2025-01-17 DOI: 10.1016/j.jhe.2025.102043

Sven Damen, Tijmen van Kempen

引用次数: 0

Circumventing rent controls with tenants’ maintenance fees: Evidence from Korea

IF 1.4 3区经济学

Journal of Housing Economics Pub Date : 2025-01-04 DOI: 10.1016/j.jhe.2025.102042

Sungjin Yun , Hoon Choi

引用次数: 0

Labor outcomes of mortgage payment subsidies for unemployed homeowners

IF 1.4 3区经济学

Journal of Housing Economics Pub Date : 2024-12-31 DOI: 10.1016/j.jhe.2024.102040

Stephanie Casey Pierce , Julia K. Brown , Stephanie Moulton , Yung Chun

{"title":"Labor outcomes of mortgage payment subsidies for unemployed homeowners","authors":"Stephanie Casey Pierce , Julia K. Brown , Stephanie Moulton , Yung Chun","doi":"10.1016/j.jhe.2024.102040","DOIUrl":"10.1016/j.jhe.2024.102040","url":null,"abstract":"<div><div>Policy interventions often target negative shocks to employment or housing as independent events. For instance, unemployment benefits aim to make up for lost earnings while mortgage assistance programs aim to prevent foreclosures. Yet, research suggests that housing markets and labor markets are systematically correlated. In this paper, we test the extent to which temporary mortgage payment relief improves long-term labor outcomes. We use data on unemployed homeowners who sought assistance through the U.S. Department of Treasury's Hardest Hit Fund program in Ohio, which subsidized the mortgage payment for unemployed homeowners for up to 18 months while they searched for a job. Through event study difference-in-differences models with individual fixed effects, we find that the receipt of mortgage payment subsidies extends the duration of unemployment in the short term but results in significantly higher earnings and a higher probability of being employed over the long term. These positive long-term findings, however, are only observed when mortgage payment relief is provided shortly after the onset of the unemployment shock. This highlights the importance of timely intervention to not only prevent foreclosures but also to improve labor market outcomes for homeowners experiencing an income shock.</div><div>We thank the Ohio Housing Finance Agency for research support. Additional research assistance for this project was provided by Olga Kondratjeva. Funding for this research was provided by the John D. and Catherine T. MacArthur Foundation, Grant No: 13-103361-000-USP, “How Housing Matters to Families and Communities”, Title: A Multistate Study of Housing and Employment Impacts of Foreclosure Prevention Programs. The views in this paper are those of the researchers and do not represent the views of The MacArthur Foundation, The Ohio Housing Finance Agency, The Ohio State University, or any other government agency.</div></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":"67 ","pages":"Article 102040"},"PeriodicalIF":1.4,"publicationDate":"2024-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143175529","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

Homeownership and public sector employment: Evidence from the removal of home purchase restrictions in China

IF 1.4 3区经济学

Journal of Housing Economics Pub Date : 2024-12-24 DOI: 10.1016/j.jhe.2024.102041

Yaqun Zhu, Jun Kong

{"title":"Homeownership and public sector employment: Evidence from the removal of home purchase restrictions in China","authors":"Yaqun Zhu, Jun Kong","doi":"10.1016/j.jhe.2024.102041","DOIUrl":"10.1016/j.jhe.2024.102041","url":null,"abstract":"<div><div>This paper utilizes a quasi-experiment in China that removed home purchase restrictions (HPR) in 2014 to examine the causal effect of homeownership on public sector employment through a difference-in-differences (DID) approach. Combining the 2012, 2014 China Family Panel Studies (CFPS) and the 2011, 2013, 2015 China Household Finance Survey (CHFS), we find that removing the HPR significantly decreases the probability of working in the public sector by 47 %, this negative effect holds for both homeowners and renters. The mechanism analyses show that firstly, removing the HPR increases house prices, which makes homeowners more resistant to possible unemployment shock, and thus reduces the attractiveness of the public sector, which is called as the wealth buffer channel; secondly, the rising house prices discourages renters to work in the public sector, where workers are paid lower wages and struggle to afford a more expensive house in the future, this is the home purchase channel; thirdly, as the HPR in China, is a prevailing <em>Hukou</em><span><span><sup>1</sup></span></span>-based discriminatory policy, the removal of HPR makes local <em>Hukou</em> no longer necessary to qualify for buying a house, and then reduce the propensity of public sector employment, that is the homeownership eligibility channel. In addition, it is found that the impact of removing the HPR is larger for unmarried males who have a higher likelihood of buying a house to improve their competitiveness in the marriage market. Lastly, there are greater negative effects for young workers and employees with children.</div></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":"67 ","pages":"Article 102041"},"PeriodicalIF":1.4,"publicationDate":"2024-12-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143176599","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

Going it alone: The impact of upzoning on housing construction in Lower Hutt

IF 1.4 3区经济学

Journal of Housing Economics Pub Date : 2024-12-18 DOI: 10.1016/j.jhe.2024.102032

Matthew Maltman , Ryan Greenaway-McGrevy

引用次数: 0

Estimating the implicit price elasticity of the demand for air quality: A hedonic approach

IF 1.4 3区经济学

Journal of Housing Economics Pub Date : 2024-12-07 DOI: 10.1016/j.jhe.2024.102039

Tianyun Zhu

引用次数: 0

Burning the Australian dream: Temperature shocks and homeownership in Australia

IF 1.4 3区经济学

Journal of Housing Economics Pub Date : 2024-11-22 DOI: 10.1016/j.jhe.2024.102031

Akwasi Ampofo , Sefa Awaworyi Churchill , Kingsley Baako , Godwin Kavaarpuo

{"title":"Burning the Australian dream: Temperature shocks and homeownership in Australia","authors":"Akwasi Ampofo , Sefa Awaworyi Churchill , Kingsley Baako , Godwin Kavaarpuo","doi":"10.1016/j.jhe.2024.102031","DOIUrl":"10.1016/j.jhe.2024.102031","url":null,"abstract":"<div><div>Rising temperature and climate change impact individual and household economic decisions. While an established body of literature has examined the effects of temperature shocks on different outcomes, there is limited evidence on the relationship between temperature shocks and homeownership. We contribute to the literature by presenting evidence on the impact of temperature shocks on homeownership in Australia. We use longitudinal data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey and satellite re-analysis temperature data over the period 2001 to 2019, and apply a fixed effect approach that addresses unobserved heterogeneity. We find that an increase in temperature shocks is associated with a decline in the probability of owning a home. We find this relationship to be more pronounced in urban than rural areas, and among individuals with a bachelor's degree. We also find the relationship to be persistent in recent years. Additionally, we find neighbourhood crime, social capital, neighbourhood satisfaction, life satisfaction and house prices to mediate the relationship between temperature shocks and homeownership.</div></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":"67 ","pages":"Article 102031"},"PeriodicalIF":1.4,"publicationDate":"2024-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143176597","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

Sea-level rise, groundwater quality, and the impacts on coastal homeowners’ decisions to sell 海平面上升、地下水质量以及对沿海房主出售决定的影响

IF 1.4 3区经济学

Journal of Housing Economics Pub Date : 2024-11-19 DOI: 10.1016/j.jhe.2024.102028

Dennis Guignet , O. Ashton Morgan , Craig E. Landry , John C. Whitehead , William P. Anderson Jr

{"title":"Sea-level rise, groundwater quality, and the impacts on coastal homeowners’ decisions to sell","authors":"Dennis Guignet , O. Ashton Morgan , Craig E. Landry , John C. Whitehead , William P. Anderson Jr","doi":"10.1016/j.jhe.2024.102028","DOIUrl":"10.1016/j.jhe.2024.102028","url":null,"abstract":"<div><div>Sea-level rise poses a growing threat to coastal communities and economies across the globe. North Carolina (NC) is no exception, with coastal communities facing annual sea-level rise rates of 2.01 to 4.55 mm/year (NOAA, 2018). Sea-level rise can affect key ecosystem services to coastal communities, including the provision of clean drinking water and adequate wastewater treatment. We examine how increases in the cost of these services and possible negative effects on coastal house prices due to sea-level rise impact homeowners’ decisions to remain in their current home or sell. Administering a stated preference survey to NC homeowners in counties adjacent to the coast, we assess how households might respond to increasing costs due to sea-level rise. We present a novel framework to estimate expected welfare impacts under illustrative scenarios, and examine heterogeneity in responses and welfare effects with respect to place attachment. Our analysis can help inform local communities and benefit-cost analyses of future adaptation strategies and infrastructure investments.</div></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":"66 ","pages":"Article 102028"},"PeriodicalIF":1.4,"publicationDate":"2024-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142699381","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

Discrimination in the Austrian rental housing market: The effect of information concerning first and second-generation immigrant status 奥地利住房租赁市场中的歧视：第一代和第二代移民身份信息的影响

IF 1.4 3区经济学

Journal of Housing Economics Pub Date : 2024-10-24 DOI: 10.1016/j.jhe.2024.102030

Doris Weichselbaumer, Hermann Riess

{"title":"Discrimination in the Austrian rental housing market: The effect of information concerning first and second-generation immigrant status","authors":"Doris Weichselbaumer, Hermann Riess","doi":"10.1016/j.jhe.2024.102030","DOIUrl":"10.1016/j.jhe.2024.102030","url":null,"abstract":"<div><div>This study investigates the previously unexplored effect that immigrant generation has on housing discrimination against immigrants. Property owners may perceive more recent immigrants as particularly “other” and fear that they will not be good tenants, e.g. because they will treat a property in an undesirable manner or not pay their bills. To test the effect of acculturation, we conduct an email correspondence test in Austria and compare landlords’ responses to inquiries from immigrants (with a Serbian, Syrian or Turkish name) of the first, first and a half, and second-generation to those who do not provide respective information about their immigration background. We find that when applicants indicate their place of birth and upbringing, discrimination is highest for first-generation immigrants and lowest for second-generation immigrants. This suggests an advantage for more acculturated applicants. However, compared to providing no information, actively signaling a second-generation background only benefits one of the immigrant groups tested (Syrians), who may be perceived as recent refugees otherwise.</div></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":"66 ","pages":"Article 102030"},"PeriodicalIF":1.4,"publicationDate":"2024-10-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142571774","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

The effect of flood risk on house prices in the Basque Country 洪水风险对巴斯克地区房价的影响

IF 1.4 3区经济学

Journal of Housing Economics Pub Date : 2024-10-24 DOI: 10.1016/j.jhe.2024.102022

Patricia Menéndez , Maria Jesús Bárcena , María Cristina González , Fernando Tusell

引用次数: 0