全球智库信息集成服务系统(G2TT): Housing Productivity and the Social Cost of Land-Use Restrictions

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w18110
来源ID	Working Paper 18110
	Housing Productivity and the Social Cost of Land-Use Restrictions
	David Albouy; Gabriel Ehrlich
发表日期	2012-05-25
出版年	2012
语种	英语
摘要	We use metro-level variation in land and structural input prices to test and estimate a housing cost function with differences in local housing productivity. Both OLS and IV estimates imply that stringent regulatory and geographic restrictions substantially increase housing prices relative to land and construction input costs. The typical cost share of land is one-third, and substitution between inputs is inelastic. A disaggregated analysis of regulations finds state-level restrictions are costlier than local ones and provides a Regulatory Cost Index (RCI). Housing productivity falls with city population. Typical land-use restrictions impose costs that appear to exceed quality-of-life benefits, reducing welfare on net.
主题	Microeconomics ; Households and Firms ; Regional and Urban Economics ; Real Estate
URL	https://www.nber.org/papers/w18110
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/575785
推荐引用方式 GB/T 7714	David Albouy,Gabriel Ehrlich. Housing Productivity and the Social Cost of Land-Use Restrictions. 2012.