| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22816 |
| 来源ID | Working Paper 22816 |
| Housing Demand, Cost-of-Living Inequality, and the Affordability Crisis | |
| David Albouy; Gabriel Ehrlich; Yingyi Liu | |
| 发表日期 | 2016-11-14 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | Since 1970, housing's relative price, share of expenditure, and ``unaffordability'' have all grown. We estimate housing demand using a novel compensated framework over space and an uncompensated framework over time. Our specifications pass tests imposed by rationality and household mobility. Housing demand is income and price inelastic, and appears to fall with household size. We provide a numerical non-homothetic constant elasticity of substitution utility function for improved quantitative modeling. An ideal cost-of-living index demonstrates that the poor have been disproportionately impacted by rising relative rents, which have greatly amplified increases in real income inequality. |
| 主题 | Microeconomics ; Households and Firms ; Macroeconomics ; Business Cycles ; Regional and Urban Economics |
| URL | https://www.nber.org/papers/w22816 |
| 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/580490 |
| 推荐引用方式 GB/T 7714 | David Albouy,Gabriel Ehrlich,Yingyi Liu. Housing Demand, Cost-of-Living Inequality, and the Affordability Crisis. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w22816.pdf（1639KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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