劳动力和房地产市场的调整:估计自然空置率的时间序列变化

Q3 Social Sciences

Journal of Real Estate Literature Pub Date : 2021-12-13 DOI:10.1080/09277544.2021.2006876

Angela J. Black, Steven Devaney, P. Hendershott, B. MacGregor

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引用次数: 0

摘要

劳动力市场和房地产市场之间存在很大的相似之处。自然空置率(NVR)和自然失业率(NRU)在这些市场建模中很重要。房地产文献借鉴了劳动力市场的早期模型，并主要假设NVR随时间不变。我们考虑了一系列方法来估计美国写字楼市场NVR的横截面和时间变化。结果没有提供时间趋势的证据，但NVR仍可能在时间上发生变化，尽管难以确定合理和一致的时间变化。

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Adjustments in the Labor and Real Estate Markets: Estimates of the Time Series Variation in the Natural Vacancy Rate

Large similarities exist between the labor and real estate space markets. The natural vacancy rate (NVR) and the natural rate of unemployment (NRU) are important in modeling these markets. The real estate literature has drawn on early modeling of the labor market and has predominantly assumed the NVR to be constant in time. We consider a range of approaches to estimate cross-sectional and time variation in the NVR for the US office market. The results provide no evidence for a time trend, but the NVR may still vary temporally although it is difficult to identify plausible and consistent time variation.

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来源期刊

Journal of Real Estate Literature Economics, Econometrics and Finance-Economics, Econometrics and Finance (miscellaneous)

CiteScore

0.90

自引率

0.00%

发文量

期刊介绍： The Journal of Real Estate Literature (JREL) is a publication of the American Real Estate Society (ARES). This journal offers a comprehensive source of information about real estate research and encourages research and education in industry and academia. The scope of the journal goes beyond that of traditional literature journals that only list published research. This journal also includes working papers, dissertations, book reviews and articles on literature reviews on specialized topics, real estate information technology and international real estate.