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Author: Manfred M. Fischer Publisher: Edward Elgar Publishing ISBN: 9781858981123 Category : Housing Languages : en Pages : 0
Book Description
Twenty-six papers (from such sources as J. of Urban Economics, J. of Economic Literature, and Scandinavian J. of Economics) are grouped according to six main fields for which regional science has provided an important contribution to economic theorizing and analysis. These are as follows: housing market models, housing consumption and demand, housing choice and residential mobility, job search theory, labor supply and demand, and spatial labor market adjustment. No subject index. Annotation copyrighted by Book News, Inc., Portland, OR
Author: Manfred M. Fischer Publisher: Edward Elgar Publishing ISBN: 9781858981123 Category : Housing Languages : en Pages : 0
Book Description
Twenty-six papers (from such sources as J. of Urban Economics, J. of Economic Literature, and Scandinavian J. of Economics) are grouped according to six main fields for which regional science has provided an important contribution to economic theorizing and analysis. These are as follows: housing market models, housing consumption and demand, housing choice and residential mobility, job search theory, labor supply and demand, and spatial labor market adjustment. No subject index. Annotation copyrighted by Book News, Inc., Portland, OR
Author: Kari Hämäläinen Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
This study explores the impact of plant-level labor market dynamics and housing markets on gross migration flows. The internal and the external reorganizations of regional labor markets are shown to be related. An increase in internal turnover of jobs and workers in regional labor markets is found to increase net-migration. This effect arises mainly from a reduction in out-migration. Housing markets constitute constraints for migration. In particular, an increase in regional housing prices and a large share of owner-occupancy housing discourages net-migration to a region by reducing in-migration. In contrast, the out-migration rate remains largely unaffected by housing markets.
Author: Geoffrey Meen Publisher: Springer Science & Business Media ISBN: 1461516730 Category : Business & Economics Languages : en Pages : 279
Book Description
Spatial fixity is one of the characteristics that distinguishes housing from most other goods and services in the economy. In general, housing cannot be moved from one part of the country to another in response to shortages or excesses in particular areas. The modelling of housing markets and the interlinkages between markets at different spatial levels - international, national, regional and urban - are the main themes of this book. A second major theme is disaggregation, not only in terms of space, but also between households. The book argues that aggregate time-series models of housing markets of the type widely used in Britain and also in other countries in the past have become less relevant in a world of increasing income dispersion. Typically, aggregate relationships will break down, except under special conditions. We can no longer assume that traditional location or tenure patterns, for example, will continue in the future. The book has four main components. First, it discusses trends in housing markets both internationally and within nations. Second, the book develops theoretical housing models at each spatial scale, starting with national models, moving down to the regional level and, then, to urban models. Third, the book provides empirical estimates of the models and, finally, the models are used for policy analysis. Analysis ranges over a wide variety of topics, including explanations for differing international house price trends, the causes of housing cycles, the role of credit markets, regional housing market interactions and the role of housing in urban/suburban population drift.
Author: Jos van Ommeren Publisher: CEPS ISBN: 9290796340 Category : Housing Languages : en Pages : 26
Book Description
Why are regional unemployment differentials in Europe so persistent if, as the wage curve literature demonstrates, there is no compensation in labour markets? We hypothesize that workers in high-unemployment regions are compensated in housing markets. Modelling regional unemployment differentials as a consequence of centralized wage bargaining, we show that clearing of land markets may undo the incentive for workers to migrate to low-unemployment regions in general equilibrium. The compensating differentials hypothesis is tested on city-level data for several countries. Controlling for variation in income and amenities, housing is found to be about 3 percent less expensive on average in cities where unemployment is 10 percent up. An analysis of housing demand survey data, which takes account of housing heterogeneity, yields a similar negative relationship. The magnitude of the income effect generated by this compensating differential is consistent with a -0.10 wage curve elasticity. These findings weaken the case for regional support programs.
Author: John Allen Publisher: Routledge ISBN: 0429664702 Category : Business & Economics Languages : en Pages : 298
Book Description
First published in 1991. The connection between housing and work is one of the most discussed yet least understood aspects of modern society. Housing and Labour Markets explores the different ways in which housing and labour are linked and examines their central significance in many of the key changes in society today. It provides a wide-ranging analysis of the relationships between housing and labour markets, with accounts of the different forms of work, paid and unpaid, in which various types of households are engaged. This edited collection addresses the varied impact of restructuring in both housing and labour markets in different localities and regions, including contributions from the USA and Australia. By making an important input into the growing debate over the inks between home and work, this book shows the direction in which the debate should go, draws out the principal lines of connection and suggests a way forward. The issues addressed in Housing and Labour Markets will be of interest to a wide range of social science disciplines, especially urban studies, economics, sociology, geography and planning. Local government officers in housing and planning will also find it makes an invaluable contribution to developing links between housing and the workplace.
Author: Casper van Ewijk Publisher: OUP Oxford ISBN: 0191562513 Category : Business & Economics Languages : en Pages : 267
Book Description
Increasing labour market flexibility is at the top of the European agenda. A new and challenging view is a lack of mobility in the labour market may arise from rigidities in the housing market. The research in this book has been inspired by the intriguing hypothesis put forward by Andrew Oswald that homeownership may be a hindrance to the smooth working of the labour markets, as homeowners tend to be less willing to accept jobs outside their own region. This book brings together leading economists from across Europe to analyse the interaction between housing markets and labour markets. In the EU homeownership rates have been on the increase, often as a result of government policies, making the barriers that homeownership creates in terms of labour mobility increasingly important. This book shows on the one hand, at the individual level, that homeownership limits the likelihood of becoming unemployed and increases the probability of finding a job once unemployed. On the other hand, the transaction costs inherent in the housing market and homeownership hamper job-to-job changes and increase unemployment at the country level. This insight provides a clear policy message to European policymakers: reform in the housing market, aimed at lowering transaction costs and providing less generous subsidies for homeowners could be an effective instrument for reducing unemployment and improving labour market flexibility.
Author: Manfred M. Fischer
Author: Manfred M. Fischer
Author: Lars Johan Waldén
Author: Wouter Vermeulen
Author: William D. Larson
Author: Kari Hämäläinen
Author: Geoffrey Meen
Author: Jos van Ommeren
Author: John Allen
Author: Wouter Vermeulen
Author: Casper van Ewijk