Income inequality and housing prices in the very long‐run
Sign Up to like & getrecommendations! Published in 2021 at "Southern Economic Journal"
DOI: 10.1002/soej.12520
Abstract: We examine the relationship between income inequality and house prices for a panel of 17 OECD countries over the period 1870 to 2015. Our identification strategy takes advantage of exogenous variation in culturally weighted communist… read more here.
Keywords: house prices; income inequality; housing prices; income ... See more keywords
Time-varying role of macroeconomic shocks on house prices in the US and UK: evidence from over 150 years of data
Sign Up to like & getrecommendations! Published in 2018 at "Empirical Economics"
DOI: 10.1007/s00181-018-1581-x
Abstract: In this paper, we study the effect of macroeconomic shocks in the determination of house prices. Focusing on the US and the UK housing market, we employ time-varying vector autoregression models using Bayesian methods covering… read more here.
Keywords: time varying; house prices; macroeconomic shocks; shocks house ... See more keywords
An analysis to detect exuberance and implosion in regional house prices in Turkey
Sign Up to like & getrecommendations! Published in 2019 at "Central Bank Review"
DOI: 10.1016/j.cbrev.2019.06.002
Abstract: Abstract The aim of this paper is to find out whether there is exuberance in regional house prices in Turkey. For this purpose, we analyze real hedonic house prices and price to rent ratios countrywide… read more here.
Keywords: prices turkey; house prices; exuberance; regional house ... See more keywords
Do regional house prices converge? Evidence from a major developing economy
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DOI: 10.1016/j.cbrev.2021.03.001
Abstract: Abstract This paper analyzes the long-run convergence of regional house prices in a major developing country, Turkey. Using a non-linear time-varying factor model and quarterly hedonic house price data from 2010 to 2018, we find… read more here.
Keywords: house prices; convergence; regional house; major developing ... See more keywords
Strong, weak, or reversed: The spatial heterogeneities in the effects of squatter settlements on house prices
Sign Up to like & getrecommendations! Published in 2021 at "Cities"
DOI: 10.1016/j.cities.2021.103304
Abstract: Abstract The proliferation of squatter settlements in many cities is an example of increasing social inequality and associated residential segregation. Squatter settlements are known to reduce house prices nearby, but we find that their effects… read more here.
Keywords: income neighborhoods; squatter settlements; house prices;
Demographic change and house prices: Headwind or tailwind?
Sign Up to like & getrecommendations! Published in 2017 at "Economics Letters"
DOI: 10.1016/j.econlet.2017.09.007
Abstract: Using a cross-country dataset for 13 developed economies spanning from 1950 to 2012, we argue that the overall effect of the demographic transition on house prices has been negative. Extrapolating the historical relationship into the… read more here.
Keywords: house prices; change house; headwind tailwind; prices headwind ... See more keywords
House price convergence in euro zone and non-euro zone countries
Sign Up to like & getrecommendations! Published in 2018 at "Economic Systems"
DOI: 10.1016/j.ecosys.2017.05.010
Abstract: This study investigates whether single currency use increased house price convergence among various countries. First, the panel unit root test results indicate that the house prices in euro zone countries were more correlated than the… read more here.
Keywords: zone countries; currency; euro zone; price ... See more keywords
Intergenerational altruism and house prices: evidence from bequest tax reforms in Italy
Sign Up to like & getrecommendations! Published in 2017 at "European Economic Review"
DOI: 10.1016/j.euroecorev.2016.11.006
Abstract: We identify the degree of intergenerational altruism in an OLG framework a la Barro exploiting the quasi-experimental variation generated by reforms of bequest taxation (estate or inheritance tax, in the U.S.) and taxes on inter… read more here.
Keywords: intergenerational altruism; tax; altruism house; house prices ... See more keywords
Financial intermediation, house prices, and the welfare effects of the U.S. Great Recession
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DOI: 10.1016/j.euroecorev.2020.103568
Abstract: Abstract This paper quantifies the welfare costs of the Great Recession in the United States and their distribution between borrowing and saving households. We use a calibrated dynamic general equilibrium model with shocks to aggregate… read more here.
Keywords: great recession; house prices; financial intermediation;
The regional house prices in China: Ripple effect or differentiation
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DOI: 10.1016/j.habitatint.2017.07.006
Abstract: Abstract The paper aims to investigate the ripple effect of house prices between 35 metropolitans in China, using a coefficient heterogeneity model with Panel Data and VAR model. The metropolitans are divided into panels by… read more here.
Keywords: regional house; ripple effect; effect; house prices ... See more keywords
Do area-based intervention programs affect house prices? A quasi-experimental approach ☆
Sign Up to like & getrecommendations! Published in 2017 at "Journal of Housing Economics"
DOI: 10.1016/j.jhe.2017.05.002
Abstract: Area-based initiatives (ABI) remain a popular approach to combating urban decline. In this paper we examine one such spatially concentrated effort in Oslo, Norway, to test whether the program has succeeded in making the targeted… read more here.
Keywords: area based; area; quasi experimental; house prices ... See more keywords