G2TT
来源类型Discussion paper
规范类型论文
来源IDDP15409
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
URLhttps://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.
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