| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15409 |
| DP15409 Location, Location, Location: Manufacturing and House Price Growth | |
| Nir Jaimovich; Stephen Terry; Nicolas Vincent | |
| 发表日期 | 2020-10-27 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Exploiting data on tens of millions of housing transactions, we show that (1) house prices grew by less in manufacturing-heavy US regions and (2) that this pattern is especially present for the lowest-value homes. Counterfactual accounting exercises reveal that regional di↵erences in the growth of these lowest-value homes more than fully account for an observed increase in overall house price inequality. We conclude that the relative economic decline of manufacturing- heavy areas extends far beyond income and employment flows to include shifts in important local asset prices, a pattern which matters for total house price inequality. |
| 主题 | Macroeconomics and Growth ; Monetary Economics and Fluctuations |
| 关键词 | Manufacturing decline House prices Housing inequality |
| URL | https://cepr.org/publications/dp15409 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544396 |
| 推荐引用方式 GB/T 7714 | Nir Jaimovich,Stephen Terry,Nicolas Vincent. DP15409 Location, Location, Location: Manufacturing and House Price Growth. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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