Journal of Housing Economics最新文献_第10页

A spatiotemporal equilibrium model of migration and housing interlinkages 迁移与住房相互联系的时空平衡模型

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2022-09-01 DOI: 10.1016/j.jhe.2022.101839

Wukuang Cun , M. Hashem Pesaran

{"title":"A spatiotemporal equilibrium model of migration and housing interlinkages","authors":"Wukuang Cun , M. Hashem Pesaran","doi":"10.1016/j.jhe.2022.101839","DOIUrl":"https://doi.org/10.1016/j.jhe.2022.101839","url":null,"abstract":"<div><p>This paper develops and solves a spatiotemporal equilibrium model in which regional wages and house prices are jointly determined with location-to-location migration flows. The agent’s optimal location choice and the resultant migration process are shown to be Markovian, with the transition probabilities across all location pairs given as non-linear functions of wage and housing cost differentials, endogenously responding to migration flows. The model can be used for the analysis of spatial distribution of population, income, and house prices, as well as for spatiotemporal impulse response analysis. The model is estimated on a panel of 48 mainland U.S. states and the District of Columbia using the training sample (1976–1999), and shown to fit the data well over the evaluation sample (2000–2014). The estimated model is then used to analyze the size and speed of spatial spill-over effects by computing spatiotemporal impulse responses of positive productivity and land-supply shocks to California, Texas, and Florida. Our simulation results show that states with a lower level of land-use regulation can benefit more from positive state-specific productivity shocks; and positive land-supply shocks are much more effective in states, such as California, that are subject to more stringent land-use regulations.</p></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":"57 ","pages":"Article 101839"},"PeriodicalIF":2.4,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"92339979","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

Somebody that I want to know: The non-monotonic effect of personality information on ethnic and gender discrimination in the market for shared housing 我想知道的人:人格信息对共享住房市场中种族和性别歧视的非单调效应

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2022-09-01 DOI: 10.1016/j.jhe.2022.101842

Raphael Moritz , Christian Manger

{"title":"Somebody that I want to know: The non-monotonic effect of personality information on ethnic and gender discrimination in the market for shared housing","authors":"Raphael Moritz , Christian Manger","doi":"10.1016/j.jhe.2022.101842","DOIUrl":"https://doi.org/10.1016/j.jhe.2022.101842","url":null,"abstract":"<div><p>We conducted a correspondence test to identify the determinants and extent of ethnic discrimination in the market for shared housing in Germany. We establish a link between information about an applicant’s personality and her performance in the housing market. About 2,000 fictitious applications with randomly assigned German-, or Turkish-sounding, female or male names, with or without additional personality information were sent to vacant room ads. While the callback rate for German-sounding names is 52 percent, it drops to 37 percent for Turkish-sounding names. Female applicants receive significantly more callbacks than their male counterparts. Additional personality information is particularly beneficial to the group with the highest callback rate (German females) and the group with the lowest callback rate (Turkish males). Thus, personality information reduce the ethnic gap between Turkish and German males, whereas the gap among females increases. A simple theoretical model shows that the strong effect of information on German females can be explained by aggregation over rooms that differ in market tightness. Moreover, advertisers who only accept applications of one particular gender discriminate significantly more against Turkish applicants.</p></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":"57 ","pages":"Article 101842"},"PeriodicalIF":2.4,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"92230947","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 impact of housing subsidy cuts on the labour market outcomes of claimants: Evidence from England 住房补贴削减对申请者劳动力市场结果的影响：来自英格兰的证据

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2022-09-01 DOI: 10.1016/j.jhe.2022.101859

Daniel Borbely

{"title":"The impact of housing subsidy cuts on the labour market outcomes of claimants: Evidence from England","authors":"Daniel Borbely","doi":"10.1016/j.jhe.2022.101859","DOIUrl":"10.1016/j.jhe.2022.101859","url":null,"abstract":"<div><p>Housing subsidies are aimed at helping low-income individuals afford appropriate housing, but are costly to offer and, in the view of some experts and policy makers, reduce incentives for claimants to participate in the labour market. This paper investigates the labour market impacts of recent housing subsidy cuts in England that were aimed at encouraging labour market participation and increasing work effort among claimants. I utilise variation in exposure to the subsidy cuts within a difference-in-differences framework and find limited evidence at the individual-level that claimants increased employment and labour force participation in response to the subsidy cuts. Nonetheless, these findings lack robustness and aggregate-level evidence suggests that the subsidy cuts did not succeed in encouraging employment or participation among claimants. Overall, my results show that labour market responses to the subsidy cuts were likely preempted by a strong mobility response, whereby claimants moved into other parts of the rental market to maintain subsidy coverage.</p></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":"57 ","pages":"Article 101859"},"PeriodicalIF":2.4,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1051137722000328/pdfft?md5=9bf309e37cd82c6fe2fd56f3631eb3aa&pid=1-s2.0-S1051137722000328-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47827193","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: 1

Can Public Housing Trigger Industrialization? 公共住房能引发工业化吗?

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2022-09-01 DOI: 10.1016/j.jhe.2022.101853

Alberto Dalmazzo , Guido de Blasio , Samuele Poy

引用次数: 0

The price of ignorance: Foreclosures, uninformed buyers and house prices 无知的代价:丧失抵押品赎回权，不知情的买家和房价

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2022-09-01 DOI: 10.1016/j.jhe.2022.101844

Geoffrey K. Turnbull , Arno J. van der Vlist

引用次数: 0

The heterogeneous effects of interactions between parent's education and MSA level college share on children's school enrollment 父母教育与MSA水平大学份额互动对子女入学的异质效应

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2022-09-01 DOI: 10.1016/j.jhe.2022.101843

Jung Hyun Choi , Richard K. Green

{"title":"The heterogeneous effects of interactions between parent's education and MSA level college share on children's school enrollment","authors":"Jung Hyun Choi , Richard K. Green","doi":"10.1016/j.jhe.2022.101843","DOIUrl":"10.1016/j.jhe.2022.101843","url":null,"abstract":"<div><p><span>This study finds that location matters more for children of parents with low educational attainment than for children of more educated parents. Specifically, children of parents without a high school diploma are statistically more likely to be enrolled in high schools or colleges in metropolitan statistical areas (MSAs) where the college graduate share is higher. The statistical relationship between a child's school enrollment and the MSA's college graduate share becomes weaker as their parents’ educational attainment increases. We also find that the least educated households are significantly less likely to be homeowners and are more likely to pay greater housing costs as a share of income in cities with higher college graduate shares, indicating that these households are paying a high price to live in high-skilled cities. Our results imply that the increasing lack of housing affordability in high-skilled cities makes it more difficult for households with less educational attainment to stay in or move to these places, contributing to intergenerational education </span>inequality.</p></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":"57 ","pages":"Article 101843"},"PeriodicalIF":2.4,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41497961","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: 2

Negative externalities of long-term vacant houses in a depopulating city in the Tokyo metropolitan area: Measuring long term outcome of neglect 东京都市圈人口减少城市长期空置房屋的负外部性:衡量忽视的长期结果

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2022-07-01 DOI: 10.1016/j.jhe.2022.101856

Masatomo Suzuki, Kimihiro Hino, Sachio Muto

引用次数: 2

Household production, home improvement, and housing investment among older Americans 美国老年人的家庭生产、家庭装修和住房投资

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2022-06-01 DOI: 10.1016/j.jhe.2022.101836

Tim Murray , Richard A. Dunn

引用次数: 1

Effects of concentrated LIHTC development on surrounding house prices 城乡结合部集中开发对周边房价的影响

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2022-06-01 DOI: 10.1016/j.jhe.2022.101838

Richard Voith , Jing Liu , Sean Zielenbach , Andrew Jakabovics , Brian An , Seva Rodnyansky , Anthony W. Orlando , Raphael W. Bostic

{"title":"Effects of concentrated LIHTC development on surrounding house prices","authors":"Richard Voith , Jing Liu , Sean Zielenbach , Andrew Jakabovics , Brian An , Seva Rodnyansky , Anthony W. Orlando , Raphael W. Bostic","doi":"10.1016/j.jhe.2022.101838","DOIUrl":"10.1016/j.jhe.2022.101838","url":null,"abstract":"<div><p>The Low-Income Housing Tax Credit is the largest supply-side housing subsidy in the United States, with more than $8 billion worth of credits allocated per year. For a variety of reasons, LIHTC properties tend to be geographically concentrated in low-income urban communities. While numerous studies have examined the spillover effects of these properties on local property values, they have not accounted for the cumulative effects of clustering multiple LIHTC properties within an area. This paper examines the effects of introducing additional LIHTC developments in urban neighborhoods to determine whether the concentration of these affordable housing properties negatively affects local home values. We combine an interrupted time series model with a difference-in-difference approach to estimate the price effects in Chicago and surrounding Cook County, Illinois. We find some evidence that both stand-alone and clustered LIHTC developments generate positive price spillover effects on the surrounding neighborhoods; subsequent LIHTC projects do not affect prices negatively. The benefits are strongest within one quarter mile of the development, but smaller impacts prevail for up to a half mile from the LIHTC property. The positive impacts remain strong for at least 10 years after the initial development. The cumulative price effect is positive in both lower and higher-income areas and more significant in lower-income areas.</p></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":"56 ","pages":"Article 101838"},"PeriodicalIF":2.4,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1051137722000134/pdfft?md5=4511759284d9a7122e97b6f0889f5bcc&pid=1-s2.0-S1051137722000134-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48644527","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

Loss aversion in housing appraisal: Evidence from Italian homeowners 房屋评估中的损失厌恶:来自意大利房主的证据

IF 2.4 3区经济学

Journal of Housing Economics Pub Date : 2022-06-01 DOI: 10.1016/j.jhe.2022.101826

Andrea R. Lamorgese, Dario Pellegrino

{"title":"Loss aversion in housing appraisal: Evidence from Italian homeowners","authors":"Andrea R. Lamorgese, Dario Pellegrino","doi":"10.1016/j.jhe.2022.101826","DOIUrl":"10.1016/j.jhe.2022.101826","url":null,"abstract":"<div><p>Loss aversion is considered a driver of downward price rigidity in real estate markets: during downturns – when market price of their house is below the price at which they purchased it – loss averse homeowners do not evaluate their houses at the former one but anchor the resale price to the latter price. As a consequence, prices are sluggish to adjust downward, time to sale becomes longer, ask and transaction prices differ.</p><p>We document loss aversion for the Italian real estate market and complement the existing literature along two dimensions: (i) we test for loss aversion using homeowners’ evaluations of their houses, rather than ask or final prices, as customary in the literature; (ii) we document variation across household characteristics in the degree of loss aversion.</p><p>We find that homeowners subject to estimated losses stick to the price at which they purchased and do not revise their assessment in response to downward market conditions, whereas the evaluation of those expecting a gain is independent of previous sale prices. Although there is a strong case for loss aversion in our sample, we document some variation across demographic groups: poorer, younger and less educated households show more reference dependence than the average one.</p></div>","PeriodicalId":51490,"journal":{"name":"Journal of Housing Economics","volume":"56 ","pages":"Article 101826"},"PeriodicalIF":2.4,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"54506730","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: 5