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来源类型Working Paper
规范类型报告
DOI10.3386/w17723
来源IDWorking Paper 17723
The Housing Market(s) of San Diego
Tim Landvoigt; Monika Piazzesi; Martin Schneider
发表日期2012-01-05
出版年2012
语种英语
摘要This paper uses an assignment model to understand the cross section of house prices within a metro area. Movers' demand for housing is derived from a lifecycle problem with credit market frictions. Equilibrium house prices adjust to assign houses that differ by quality to movers who differ by age, income and wealth. To quantify the model, we measure distributions of house prices, house qualities and mover characteristics from micro data on San Diego County during the 2000s boom. The main result is that cheaper credit for poor households was a major driver of prices, especially at the low end of the market.
主题Macroeconomics ; Consumption and Investment ; Financial Economics ; Financial Markets ; Regional and Urban Economics
URLhttps://www.nber.org/papers/w17723
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/575398
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GB/T 7714
Tim Landvoigt,Monika Piazzesi,Martin Schneider. The Housing Market(s) of San Diego. 2012.
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