Housing Tenure and Housing Demand in Colombia

Housing Tenure in Ireland

This paper investigates the sources of the extremely high level of owner occupation in Ireland. After using census data to explore the evolution of this phenomenon, the paper makes a cross-country comparison of owner occupation within the EU-15. Explanations are found for the high level of owner occupation that go beyond fiscal privilege to include wider microeconomic factors, as well as histor...

Housing Tenure and Labor Market Impacts:

We develop two search-theoretic models of the Oswald hypothesis, the idea that homeownership is linked to inferior labor market outcomes, and compare their predictions to three extant theories. The five models have surprisingly different predictions about the labor market at both the aggregate and micro levels. We estimate micro and US state-level regression models of wages and unemployment and...

Housing Demand and Neighborhood Choice with Housing Vouchers

One goal of the U.S. housing voucher program, as an alternative to public housing subsidies, is to help participants gain access to decent neighborhoods. I find that in a typical implementation of the program, participants in the housing voucher program live in better neighborhoods than public housing residents, but in lower-quality neighborhoods compared to unsubsidized households eligible for...

Dynamic cycles of unsold new housing stocks, investment in housing, and housing supply-demand

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...

A Joint Model of Tenure Choice and Demand for Housing in the City of Karachi