This paper uses a dynamic competitive spatial equilibrium framework to evaluate the contribution of rural-urban migration induced by structural transformation behavior Chinese housing markets. In model, technological progress drives workers facing heterogeneous mobility costs migrate from rural agricultural sector higher paying urban manufacturing sector. Upon arrival city, purchase using long-...

We study the joint evolution of prices and rents residential property. construct indices for both renter-occupied properties owner-occupied properties. then decompose change in price occupant-owned property into three components: (1) changes rent, (2) relative investor- properties, (3) price-rent ratio. use a simple model to link our decomposition different sources variation house prices. argue...

How does an increase in immigrant inflows affect housing demand and prices for a given supply? In this paper, I show that we can formally decompose total changes into those from the immediate population due to new arrivals (the “partial effect”) additional relocated natives “induced effect”). propose apply method estimate these effects separately, exploiting data Spain between 2001 2012. Using ...