Essays on housing supply, land use regulation and regional labour markets
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Housing market adjustment and land - supply constraints
Significant differences exist between national, regional, and local housing markets in the extent to which land is available for new housing development and in the planning regime which regulates the supply of land. The author examines the impact of different levels and forms of planning restraint on the process of market adjustment, including effects on house and land prices, on quantity of ne...
متن کاملA Study of Ingredients Affecting the Private Sectures Inclination Towards Housing Supply
Just like any other economic field, housing market has two basic foundations which are demand and supply. Its obvious that disequilibrum between these foundations, will drasticaly affect the housing affordability and can also lead to wide slump in many markets. That’s why, policy makers usually intend to stimulat the supply by means of providing low intrest loans, low priced land, etc. In this ...
متن کاملEssays on Housing Supply and House Price Volatility
A typical U.S. family devotes about a quarter of its annual income and half or more of its net worth to housing. Both the level and volatility of house prices thus have important implications for household behavior and welfare, as well as for the aggregate U.S. economy. Recent research has emphasized the importance of housing supply in determining house prices in different U.S. markets. This di...
متن کاملIdentification and analysis of housing submarkets in Tehran City
Housing Submarkets are a set of dwellings that have similar characteristics. They are reasonably close substitutes for one another, yet relatively poor substitutes for dwelling in other submarkets. Identifying housing sub-markets makes it possible to predict housing prices more accurately. Moreover, it helps planners and policy-makers to make better decisions. Despite the importance of this iss...
متن کاملCompensation of Regional Unemployment in Housing Markets
Why are regional unemployment differentials in Europe so persistent if, as the wage curve literature demonstrates, there is no compensation in labour markets? We hypothesize that workers in high-unemployment regions are compensated in housing markets. Modelling regional unemployment differentials as a consequence of centralized wage bargaining, we show that clearing of land markets may undo the...
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