R31

Daniel L. Greenwald · Adam Guren

To what extent did an expansion and contraction of credit drive the 2000s housing boom and bust? The existing literature offers sharply divergent answers — ranging from credit explaining virtually …

Andrii Parkhomenko

This paper asks why job polarization and income inequality are higher in large U.S. cities, and proposes a novel housing-market mechanism that operates independently of — but interacts with — the …

Anna Grodecka-Messi · Jieying Li · Xin Zhang

This paper investigates how rising house prices affect the composition of household debt portfolios in Sweden during 2010–2014. Specifically, the authors ask whether homeowners who experience housing …

Mariaflavia Harari · Maisy Wong

This paper estimates the long-term causal effects of the Kampung Improvement Program (KIP), one of the world's largest slum upgrading programs, on urban development in Jakarta, Indonesia. KIP ran from …

Ronan C Lyons · Allison Shertzer · Rowena Gray · David Agorastos

Lyons, Shertzer, Gray, and Agorastos construct the first consistent, annual, quality-adjusted market rent and home sales price series for American cities spanning 1890–2006. The paper addresses a …

Lu Han · L. Rachel Ngai · Kevin D. Sheedy

Using sales and leasing transaction records for the Greater Toronto Area (2006–2018), this paper finds three novel effects of a higher property transaction tax: higher buy-to-rent transactions …