Demographic Cycle, Migration and Housing Investment: A Causal Examination
نویسندگان
چکیده
منابع مشابه
Optimal Housing, Consumption, and Investment Decisions over the Life Cycle
We provide explicit solutions to life-cycle utility maximization problems simultaneously involving dynamic decisions on investments in stocks and bonds, consumption of perishable goods, and the rental and the ownership of residential real estate. House prices, stock prices, interest rates, and the labor income of the decision-maker follow correlated stochastic processes. The preferences of the ...
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INTRODUCTION Research on Central American migration to the United States since the 1980s has generally focused on Salvadorans and Guatemalans (e.g., Bailey and Hane 1995; Coutin 1998; Fink 2003; Funkhouser 1992; Hagan 1994; Hagan, Eschbach, and Rodríguez 2008; Hamilton and Chincilla 2001; Jones 1989; Menjívar 2000, 2006; Morrison and May 1994). Interest in these flows is in large part due to th...
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The Housing sector can be considered both the exchange of intermediate goods and the investment goods for the manufacturing sectors. The housing sector is the buyer of intermediate goods such as brick, cement, iron etc from one side, and uses the investment goods such as crane etc from other side. Furthermore, it uses the labour force. Thus, the housing sector has three types of buying which in...
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Unsold new housing stocks may be closely related to housing market fluctuation, especially the difference between housing supply and demand, which is influenced by macroeconomic conditions. These factors simultaneously influence developers’ investment decisions and, thus, housing supply over time. However, previous research on the housing market has focused on explaining the statistical relatio...
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Households in the United States have long tended to concentrate their wealth in housing. In 2001, 68% of U.S. households were homeowners, according to the Federal Reserve’s Survey of Consumer Finances.1 The net worth of the median homeowner household was $171,700. The value of the median household’s primary residence was $123,000, and its housing equity was $53,000, or about 31% of its total ne...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2016
ISSN: 1556-5068
DOI: 10.2139/ssrn.2766361