HETEROGENEITY, FRICTIONAL ASSIGNMENT, AND HOME?OWNERSHIP

Frictional Assignment

This paper examines the time-consuming process of matching the two sides of a market each having diverse characteristics. This is cast in a labor market setting where workers of di®erent skills need be matched with di®erent machine qualities to produce output. I characterize the e±cient allocation and then show that it can be decentralized by a competitive framework. A prominent feature of the ...

Frictional Assignment. I. Efficiency

This paper examines the two-sided matching problem where the agents on each side of the market are heterogeneous and the matching process is time consuming. This is cast in a labor market setting where workers of different skills match with different machine qualities. I characterize the efficient allocation and then show that it can be decentralized by a market mechanism. The efficient assignm...

Heterogeneity in Asian American Homeownership: The Impact of Household Endowments and Immigrant Status

Recently, research has begun to investigate the reasons for differences in homeownership rates between Asian and whites. This paper extends this research by examining the heterogeneity that exists across Asian groups in the United States. We find that there are important differences across geographic area, across time, and across groups in the importance of various factors that influence the li...

Ethnic Identity and Immigrant Homeownership

Ethnic Identity and Immigrant Homeownership Immigrants are much less likely to own their homes than natives, even after controlling for a broad range of life-cycle and socio-economic characteristics and housing market conditions. This paper extends the analysis of immigrant housing tenure choice by explicitly accounting for ethnic identity as a potential influence on the homeownership decision,...

Microsoft Word - Homeownership and parenting.docx