1,157 results on '"Housing economics"'
Search Results
52. Association of a Housing Mobility Program With Childhood Asthma Symptoms and Exacerbations.
- Author
-
Pollack CE, Roberts LC, Peng RD, Cimbolic P, Judy D, Balcer-Whaley S, Grant T, Rule A, Deluca S, Davis MF, Wright RJ, Keet CA, and Matsui EC
- Subjects
- Child, Female, Humans, Male, Cohort Studies, Poverty economics, Poverty ethnology, Poverty psychology, Child, Preschool, Adolescent, Vulnerable Populations psychology, Urban Population, Asthma diagnosis, Asthma economics, Asthma epidemiology, Asthma psychology, Housing economics, Residence Characteristics, Symptom Flare Up, Systemic Racism economics, Systemic Racism ethnology, Systemic Racism psychology, Social Determinants of Health economics, Social Determinants of Health ethnology
- Abstract
Importance: Structural racism has been implicated in the disproportionally high asthma morbidity experienced by children living in disadvantaged, urban neighborhoods. Current approaches designed to reduce asthma triggers have modest impact., Objective: To examine whether participation in a housing mobility program that provided housing vouchers and assistance moving to low-poverty neighborhoods was associated with reduced asthma morbidity among children and to explore potential mediating factors., Design, Setting, and Participants: Cohort study of 123 children aged 5 to 17 years with persistent asthma whose families participated in the Baltimore Regional Housing Partnership housing mobility program from 2016 to 2020. Children were matched to 115 children enrolled in the Urban Environment and Childhood Asthma (URECA) birth cohort using propensity scores., Exposure: Moving to a low-poverty neighborhood., Main Outcomes: Caregiver-reported asthma exacerbations and symptoms., Results: Among 123 children enrolled in the program, median age was 8.4 years, 58 (47.2%) were female, and 120 (97.6%) were Black. Prior to moving, 89 of 110 children (81%) lived in a high-poverty census tract (>20% of families below the poverty line); after moving, only 1 of 106 children with after-move data (0.9%) lived in a high-poverty tract. Among this cohort, 15.1% (SD, 35.8) had at least 1 exacerbation per 3-month period prior to moving vs 8.5% (SD, 28.0) after moving, an adjusted difference of -6.8 percentage points (95% CI, -11.9% to -1.7%; P = .009). Maximum symptom days in the past 2 weeks were 5.1 (SD, 5.0) before moving and 2.7 (SD, 3.8) after moving, an adjusted difference of -2.37 days (95% CI, -3.14 to -1.59; P < .001). Results remained significant in propensity score-matched analyses with URECA data. Measures of stress, including social cohesion, neighborhood safety, and urban stress, all improved with moving and were estimated to mediate between 29% and 35% of the association between moving and asthma exacerbations., Conclusions and Relevance: Children with asthma whose families participated in a program that helped them move into low-poverty neighborhoods experienced significant improvements in asthma symptom days and exacerbations. This study adds to the limited evidence suggesting that programs to counter housing discrimination can reduce childhood asthma morbidity.
- Published
- 2023
- Full Text
- View/download PDF
53. Credit Supply and Housing Prices in National and Local Markets.
- Author
-
Wachter, Susan M.
- Subjects
HOME prices ,SUPPLY & demand ,REAL estate business ,FINANCIAL risk management ,ECONOMIC models - Abstract
The phenomenon of “irrational exuberance” around housing prices is now well established as a driving force of housing bubbles. However, the roles of credit supply and the mispricing of credit are less well understood. This article, discusses the recent literature on the relationship between credit supply and housing prices in national and local markets, with a view to identifying gaps in understanding this relationship as well as the implications of these gaps for the ability of market participants and regulators to detect systemic risk. This article connects the literature to the articles in this special issue, which emphasizes the importance of understanding local market conditions, including ways in which housing finance affects and is in turn affected by local markets. [ABSTRACT FROM AUTHOR]
- Published
- 2016
- Full Text
- View/download PDF
54. Towards an efficient use of infrastructure and the built environment : Essays in transport and housing economics
- Author
-
Jonsson, Lina and Jonsson, Lina
- Abstract
All four papers in the thesis share a common theme: how to achieve an efficient use of infrastructure and the built environment. In the presence of externalities, pricing according to the (short-run) marginal cost is one answer on how this can be achieved and the first two papers estimates parts of the marginal cost of traffic. Paper I examines the effect of road and railway noise on property prices. It uses the hedonic regression technique on a Swedish data set that contains information about both road and railway noise for each property, and finds that road noise has a larger negative impact on the property prices than railway noise. This is in line with the evidence from the acoustical literature which has shown that individuals are more disturbed by road than railway noise, but contradicts recent results from a hedonic study on data of the United Kingdom.Paper II estimates accident risks and marginal costs for railway level crossings in Sweden. The marginal effect of train traffic on the accident risk is used to derive the marginal cost per train passage that is due to level crossing accidents. The results show that both protection device, road type, traffic volume of the trains, and number of persons living nearby the level crossing have significant influence on the accident probability. The cost per train passage varies substantially depending on type of protection device, road type, the traffic volume of the trains, and number of persons living nearby the crossing.Paper III analyses the attitudes to the Stockholm Congestion Charges in 2007, when the congestion charges had been permanently reintroduced after the trial period in 2006. As expected, low car dependence and good transit supply are associated with high acceptability. But the two most important factors turn out to be beliefs about the charges’ effectiveness, and general environmental attitudes. The importance of beliefs and perceptions of the effects of the charges underscores the importance of both
- Published
- 2021
55. KENTSEL DÖNÜŞÜM SÜRECİNDE TAŞINMAZ VE PROJE DEĞERLEME İŞLEMLERİ VE SORUNLARININ ANALİZİ: KAYSERİ BÜYÜKŞEHİR BELEDİYESİ SAHABİYE VE FATİH...
- Author
-
ALİEFENDİOĞLU, Yeşim and TANRIVERMİŞ, Harun
- Abstract
Copyright of Journal of International Social Research is the property of Journal of International Social Research and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2015
56. Housing price variations using spatio-temporal data mining techniques
- Author
-
Ali Soltani, Christopher Pettit, Mohammad Heydari, Fatemeh Aghaei, Soltani, Ali, Pettit, Christopher James, Heydari, Mohammad, and Aghaei, Fatemeh
- Subjects
Index (economics) ,05 social sciences ,Geography, Planning and Development ,0211 other engineering and technologies ,0507 social and economic geography ,021107 urban & regional planning ,Real estate ,Statistical model ,Regression analysis ,02 engineering and technology ,data mining ,Housing industry ,Urban Studies ,property market ,Goodness of fit ,Ordinary least squares ,Econometrics ,housing economics ,050703 geography ,Unit-weighted regression ,spatio-temporal analysis ,Mathematics - Abstract
Refereed/Peer-reviewed The issue of property evaluation and appraisal has been of high interest for private and public agents involved in the housing industry for the purposes of trade, insurance and tax. This paper aims to investigate how different factors related to the location of a property affect its price over time. The predictive models applied in this research are driven by real estate transactions data of Tehran Metropolitan Area, captured from open data available to the public. The parameters of the functions that describe the behavior of the housing market are estimated through applying different types of statistical models, including ordinary least squares (OLS), geographically weighted regression (GWR) and geographically and temporally weighted regression (GTWR). This suite of models has been run in order to compare their efficiency and accuracy in predicting the variations in housing price. The GTWR model showed significantly better performance than OLS and GWR models, as the goodness of ft index (adjusted R²) improved by 22 percent. Therefore, spatio-temporal non-stationary modelling is significant in the explanation of the variations in housing value and the GTWR coefficients were found more reliable. Three internal factors (size of building; building age; building quality), and eight external factors (topography; land-use mix; population density; distance to city center; distance to subway station; distance to regional parks; distance to highway; distance to airport) influence the property price, either positively or negatively. Moreover, using significant variables that extracted from regression models, the optimum number of housing value clusters is generated using the spatial 'k'luster analysis by tree edge removal (SKATER) method. Five clusters of housing patterns were recognized. The policy implication of this paper is grouping of Metropolitan Tehran housing value data into five clusters with different characteristics. The varying factors influencing housing value in each cluster are different, making this data analysis technique useful for policy-makers in the housing sector.
- Published
- 2021
57. Housing Real Estate Economics and Finance
- Author
-
Rita Yi Man Li
- Subjects
housing finance ,home-sharing ,mortgage ,ddc:330 ,housing economics ,real estate price ,investment ,bank loans - Abstract
Housing research is one of the hot topics in many countries. This paper provides a quick review of the housing economics research in the US, Sweden, Latvia, China, Corsica, and Italy published in this special issue. Bao and Shah studied the effects of home-sharing platforms in general and the effects of the US’ Airbnb on neighbourhood rent. Wilhelmsson’s results showed that interest rates directly affected house prices and indirectly affected bank loans in Sweden. Caudill and Mixon threw light on the relative negotiating power of the buyer and seller as a key element of real estate price models. Čirjevskis presented a real application of “step-by-step” valuation options for real estate development projects as a managerial risk management tool for similar real estate development projects in the EU to make investment decisions during COVID-19 and in the post-COVID-19 era. Pelizza and Schenk-Hoppé used an exponential Ornstein–Uhlenbeck process to model price dynamics provincially and regionally to estimate the liquidation value.
- Published
- 2022
58. Residential Mortgage Default: The Roles of House Price Volatility, Euphoria and the Borrower's Put Option.
- Author
-
Archer, Wayne R. and Smith, Brent C.
- Subjects
HOME prices ,MORTGAGE loan servicing ,HOUSE construction ,DEFAULT (Finance) ,MONEYLENDERS ,VENDORS (Real property) - Abstract
House price volatility; lender and borrower perception of price trends, loan and property features; and the borrower's put option are integrated in a model of residential mortgage default. These dimensions of the default problem have, to our knowledge, not previously been considered altogether within the same investigation framework. We rely on a sample of individual mortgage loans for twenty counties in Florida, over the period 2001 through 2008, third quarter, with housing price performance obtained from repeat sales analysis of individual transactions. The results from the analysis strongly confirm the significance of the borrower's put as an operative factor in default. At the same time, the results provide convincing evidence that the experience in Florida is in part driven by lenders and purchasers exhibiting euphoric behavior such that in markets with higher price appreciation there is a willingness to accept recent prior performance as an indicator of future risk. This connection illustrates a familiar moral hazard in the housing market due to the limited information about future prices. [ABSTRACT FROM AUTHOR]
- Published
- 2010
59. Reprint of “Will They Stay or Will They Go: Predicting Subsidized Housing Opt-Outs”.
- Author
-
Reina, Vincent and Begley, Jaclene
- Subjects
- *
HOUSING subsidies , *HOMEOWNERS , *PROFIT , *REAL property , *RENTAL housing - Abstract
Highlights: [•] We predict which owners leave subsidized rental housing programs. [•] We develop a unique dataset to predict opt-outs. [•] We highlight the complexity of analyzing supply-side subsidized housing. [•] Properties in neighborhoods with high property value growth are likely to opt out. [•] For-profit owners and properties past restriction periods are likely to opt out. [Copyright &y& Elsevier]
- Published
- 2014
- Full Text
- View/download PDF
60. Will they stay or will they go: Predicting subsidized housing opt-outs.
- Author
-
Reina, Vincent and Begley, Jaclene
- Subjects
- *
HOUSING subsidies , *RENTAL housing , *REAL property , *HOME prices , *PROFIT - Abstract
Highlights: [•] We predict which owners leave subsidized rental housing programs. [•] We develop a unique dataset to predict opt-outs. [•] We highlight the complexity of analyzing supply-side subsidized housing. [•] Properties in neighborhoods with high property value growth are likely to opt out. [•] For-profit owners and properties past restriction periods are likely to opt out. [Copyright &y& Elsevier]
- Published
- 2014
- Full Text
- View/download PDF
61. Impact of Urban Growth Boundary on Housing and Land Prices: Evidence from King County, Washington.
- Author
-
Mathur, Shishir
- Subjects
- *
SINGLE family housing , *URBAN growth , *HOUSING , *HOME prices - Abstract
This study provides evidence of the impact of an urban growth boundary (UGB) on housing and land prices. The study uses a data-set that inventories sales transactions of single-family homes and of vacant lots zoned for single-family homes within two miles of either side of the eastern boundary of the primary UGB in King County, Washington. The results show that although the UGB increases land prices by 230 per cent, it decreases housing prices by 1.3 per cent. These findings should encourage policy-makers to adopt a policy framework in which a UGB's anticipated inflationary land price effect is mitigated by policies that increase housing supply. Such policies could include minimum density requirements, zoning for multifamily housing, and ordinances enabling the construction of accessory dwelling units. [ABSTRACT FROM AUTHOR]
- Published
- 2014
- Full Text
- View/download PDF
62. Housing and health: an updated glossary.
- Author
-
Mansour A, Bentley R, Baker E, Li A, Martino E, Clair A, Daniel L, Mishra SR, Howard NJ, Phibbs P, Jacobs DE, Beer A, Blakely T, and Howden-Chapman P
- Subjects
- Costs and Cost Analysis, Ill-Housed Persons, Humans, Poverty, Health Status, Housing economics
- Abstract
Recent crises have underscored the importance that housing has in sustaining good health and, equally, its potential to harm health. Considering this and building on Howden-Chapman's early glossary of housing and health and the WHO Housing and Health Guidelines, this paper introduces a range of housing and health-related terms, reflecting almost 20 years of development in the field. It defines key concepts currently used in research, policy and practice to describe housing in relation to health and health inequalities. Definitions are organised by three overarching aspects of housing: affordability (including housing affordability stress (HAS) and fuel poverty), suitability (including condition, accessibility and sustainable housing) and security (including precarious housing and homelessness). Each of these inter-related aspects of housing can be either protective of, or detrimental to, health. This glossary broadens our understanding of the relationship between housing and health to further promote interdisciplinarity and strengthen the nexus between these fields., Competing Interests: Competing interests: None declared., (© Author(s) (or their employer(s)) 2022. No commercial re-use. See rights and permissions. Published by BMJ.)
- Published
- 2022
- Full Text
- View/download PDF
63. House Price Diffusion: An Application of Spectral Analysis to the Prices of Irish Second-Hand Dwellings.
- Author
-
Gray, David
- Subjects
- *
HOME prices , *HOUSING market , *RESIDENTIAL real estate , *CITIES & towns - Abstract
The aim of this paper is to examine whether evidence for a ripple effect in house prices can be found across residential property markets of Irish cities. The house price dynamics are considered in the frequency domain using spectral analysis. This entails the estimation of power spectra, cospectrum, coherence, gain and phase of 'region-nation' relationships. The power spectrum highlights a dominant 6-year cycle, common to all of Ireland's city markets. Eire conforms to neither a city system nor a ripple thesis well. Dublin is a dominant node, whilst Dublin, Galway and Cork lead the national cycle, which is indicative of an olicentric city structure. [ABSTRACT FROM AUTHOR]
- Published
- 2013
- Full Text
- View/download PDF
64. Residential Mortgage Default: The Roles of House Price Volatility, Euphoria and the Borrower's Put Option.
- Author
-
Archer, Wayne and Smith, Brent
- Subjects
MORTGAGES ,HOME prices ,MARKET volatility ,ECONOMIC models ,PERFORMANCE evaluation ,ECONOMIC indicators ,INFORMATION theory in economics - Abstract
House price volatility; lender and borrower perception of price trends, loan and property features; and the borrower's put option are integrated in a model of residential mortgage default. These dimensions of the default problem have, to our knowledge, not previously been considered altogether within the same investigation framework. We rely on a sample of individual mortgage loans for 20 counties in Florida, over the period 2001 through 2008, third quarter, with housing price performance obtained from repeat sales analysis of individual transactions. The results from the analysis strongly confirm the significance of the borrower's put as an operative factor in default. At the same time, the results provide convincing evidence that the experience in Florida is in part driven by lenders and purchasers exhibiting euphoric behavior such that in markets with higher price appreciation there is a willingness to accept recent prior performance as an indicator of future risk. This connection illustrates a familiar moral hazard in the housing market due to the limited information about future prices. [ABSTRACT FROM AUTHOR]
- Published
- 2013
- Full Text
- View/download PDF
65. Housing cost burden and material hardship among older adults: How do they influence psychological health?
- Author
-
Park GR and Seo BK
- Subjects
- Aged, Humans, Longitudinal Studies, Republic of Korea epidemiology, Socioeconomic Factors, Depression epidemiology, Housing economics, Social Determinants of Health
- Abstract
Objectives: Despite a growing body of evidence for the association between housing cost burden and psychological health, few studies have focused on the potential mediators of this association and the extent to which housing cost burden poses a threat to older adults' psychological health. This study aims to assess (a) the link between housing cost burden and psychological health among older adults and (b) how the association is mediated by material hardship., Methods: Using thirteen waves of a nationally representative longitudinal study in Korea, this study assessed the association between housing cost burden and depressive symptoms among older adults aged 65 or over. Mediation tests were conducted to identify whether material hardship explains the link between housing cost burden and depressive symptoms. We used fixed-effects models to take into account individual-level heterogeneity., Results: Housing cost burden was significantly associated with depressive symptoms among older adults, regardless of their housing tenure status. Different types of material hardship partially mediated the association between housing cost burden and depressive symptoms in older adults. Older adults with severe housing cost burden are more susceptible to all types of material hardship compared to those with a moderate burden., Conclusions: To contribute further to the social causation discussions, future studies should seek to identify protective factors of depressive symptoms among older adults and other potential mechanisms of the association between older adults' socioeconomic conditions and their psychological health., (© 2022 John Wiley & Sons Ltd.)
- Published
- 2022
- Full Text
- View/download PDF
66. Future directions in housing economics: introduction to a special issue of the Journal of Property Research.
- Author
-
Gibb, Kenneth and Pryce, Gwilym
- Subjects
HOUSING ,ECONOMICS ,PERIODICALS ,FORECASTING - Abstract
This article is a short introduction to the special issue. In this, we provide a brief commentary on the main papers and also set out why we have put this special issue on new directions together. Our aim has been to stimulate new thinking and ideas promoting new areas for future research in housing economics, something which we think has been achieved with the papers in this issue. [ABSTRACT FROM AUTHOR]
- Published
- 2012
- Full Text
- View/download PDF
67. Analysis of Neighbourhood Effects and Work Behaviour: Evidence from Paris.
- Author
-
Sari, Florent
- Subjects
- *
JOB performance , *ENDOGENEITY (Econometrics) , *UNEMPLOYMENT , *PUBLIC housing - Abstract
This paper highlights the effects of being located in a deprived neighbourhood on unemployment. Interest is focused on the consequences of neighbourhood effects. The paper uses the 1999 Population Census for Paris and the three surrounding sub-regional administrative districts in order to estimate different models that take into account the potential endogeneity bias of the residential location choice. The study first runs a bivariate probit model that includes the residential location as an endogenous variable. A probit model is also run on a sub-sample of households living in public housing with the idea that for them the location choice is exogenous. Whatever the method used, it is shown that living within the most deprived neighbourhoods, in terms of local composition, decreases the probability of employment. [ABSTRACT FROM AUTHOR]
- Published
- 2012
- Full Text
- View/download PDF
68. Stability in consumer credit scores: Level and direction of FICO score drift as a precursor to mortgage default and prepayment
- Author
-
Smith, Brent C
- Subjects
- *
CREDIT ratings , *CONSUMERS , *MORTGAGES , *PREPAYMENT of debts , *SECURITIES - Abstract
Abstract: This article represents an extension of the expansive credit risk and credit migration literature, prominent in the corporate bond and securities risk pricing literature, to an analysis of the drift of consumer credit scores. A rich data set of residential mortgages is used to observe credit score migration post loan origination and in a test of the ability of credit score transition to serve as a precursor to potential default and prepayment. The results indicate credit scores provide signals and information to investors and servicing agents in a fashion similar to credit ratings on commercial paper as to default potential. [Copyright &y& Elsevier]
- Published
- 2011
- Full Text
- View/download PDF
69. ‘Housing Poverty’ and Income Poverty in England and The Netherlands.
- Author
-
Stephens, Mark and van Steen, Guido
- Subjects
- *
PUBLIC housing , *DISPOSABLE income , *POVERTY , *WELFARE state - Abstract
This paper examines whether the distributional consequences of contrasting welfare systems are enhanced, replicated or countered by housing systems in England and the Netherlands. It adopts the monetised concepts of ‘net housing income’ and ‘net housing resources’, which are commensurable with disposable income and income-based measures of poverty. It was found that both housing systems exert a poverty-reducing impact compared to disposable income alone. The absolute reduction is greatest in England, suggesting that its housing system counters the high levels of income poverty produced by the welfare system, although the comparative levels of poverty between the two countries remain unchanged, which may signify that the distribution of disposable income is replicated in housing. However, the synthetic concept of ‘housing poverty’ reveals that the poverty-reducing impact of housing income/ resources arises because by themselves they are distributed far less equally than is disposable income, so creating a much higher rate of ‘housing poverty’. Crucially, ‘housing poverty’ occurs predominantly among those who are not income poor. This allows welfare and housing systems to combine to reduce poverty in an act of progressive dissonance, suggesting a hitherto unexpectedly high degree of independence between the two. [ABSTRACT FROM AUTHOR]
- Published
- 2011
- Full Text
- View/download PDF
70. The Behavioural Turn in Housing Economics: Reflections on the Theoretical and Operational Challenges.
- Author
-
Watkins, Craig and MCmaster, Robert
- Subjects
- *
BEHAVIORAL economics , *HOUSING market , *PRAGMATISM , *BIFURCATION theory , *ECONOMIC models , *DECISION making - Abstract
This paper starts with an assumption that mainstream economics has limitations and that a behaviourally rich inter-disciplinary research programme can strengthen the field of housing studies by addressing some of these weaknesses. We note, however, that the heterogeneity of behavioural studies and, in particular, the bifurcation between ’old’ and ’new’ behavioural economics presents significant conceptual and operational challenges. We note, for instance, that the diversity within the existing literature might be viewed as evidence of a lack of coherence and could serve to undermine the case for a behavioural turn. To address this, we urge behavioural researchers to take great care in specifying their conceptual models and in demonstrating the rigour and robustness of their applied research methods. We also add our support to the call made in the focus articles for the need energise inter-disciplinary working in behavioural studies and, in particular, stress the need to work on resolving some of the tensions that might arise from attempts to blend the insights and approaches associated with different disciplinary perspectives. [ABSTRACT FROM AUTHOR]
- Published
- 2011
- Full Text
- View/download PDF
71. The Impact of Floods on House Prices: An Imperfect Information Approach with Myopia and Amnesia.
- Author
-
Pryce, Gwilym, Chen, Yu, and Galster, George
- Subjects
- *
HOME prices , *FLOODS , *HOUSING market , *BEHAVIORAL economics , *INTERVENTION (Federal government) - Abstract
How will housing markets respond to increased frequency and severity of flooding expected with global climate change? Existing models yield poor predictions because they assume perfect information and rational decision-making processes in the housing market. This paper sets out a plausible alternative framework for analysing housing price responses to flood frequency and severity based on findings of behavioural economics and the sociology of risk, which emphasise myopic and amnesiac perceptions of risk. It utilises this framework to analyse graphically a variety of flood scenarios and their implications for housing prices and government intervention. [ABSTRACT FROM AUTHOR]
- Published
- 2011
- Full Text
- View/download PDF
72. Stated Preferences for Sustainable Housing Development in Germany—A Latent Class Analysis.
- Author
-
Rid, Wolfgang and Profeta, Adriano
- Subjects
ECOLOGICAL houses ,HOUSING development ,DISCRETE choice models ,MARKET share - Abstract
Despite enormous progress made in the resource-efficient housing construction as a result of technical innovation, market share of sustainable new housing development in Germany is still very low. There is a need for a demand-driven research approach to determine and exploit the potential for sustainable housing among private home buyers—the principal consumers of new housing in Germany. This study measures the preferences of German home buyers based on stated preferences survey data through the application of a discrete choice experiment. Using latent class analysis, the article identifies market segments of differing “environmental awareness” and corresponding preference heterogeneity. The results point to a latent demand for sustainable housing alternatives among private home buyers in Germany. [ABSTRACT FROM PUBLISHER]
- Published
- 2011
- Full Text
- View/download PDF
73. The Changing Route to Owner Occupation: The Impact of Student Debt.
- Author
-
Andrew, Mark
- Subjects
- *
HOME ownership , *HOUSING policy , *HIGHER education costs , *HOME prices - Abstract
The 1990s saw a considerable fall in young adult homeownership rates in Britain. There is a concern that the future might hold further falls as a result of reforms to financing higher education. Using estimates from a housing tenure choice model, this paper conducts micro-simulation analyses to assess how this change could affect young adult homeownership transitions. The simulations reveal that increased student debt levels and the new repayment profile and their interaction with lender-imposed borrowing restrictions delay a first-time homeownership transition. The extent of the delay primarily depends upon the expected earnings profile, but lender criteria and general rises/falls in real house prices are also important. The analysis suggests that there will be much greater variation in the timing of house purchase between different groups of future graduates, brought about by increased graduate earnings heterogeneity, homeownership affordability schemes targeted toward specific types of households, and parental financial assistance. [ABSTRACT FROM AUTHOR]
- Published
- 2010
- Full Text
- View/download PDF
74. Small Area Variation in Homeownership.
- Author
-
Lauridsen, Jørgen, Nannerup, Niels, and Skak, Morten
- Subjects
- *
HOME ownership , *REAL property , *REAL estate business , *HOUSING policy , *HOUSE construction , *HOME prices , *MANAGEMENT science ,SOCIAL aspects - Abstract
The aim of the study is two-fold. First, it adds to the existing state-of-the-art housing research by suggesting the implementation of new econometric methodology. Specifically, the study adds to earlier studies of homeownership by adding spatial impacts. It advocates simultaneous adjustment for intra-municipal correlation and heterogeneity as well as spatial spillover patterns between municipalities. It concludes that ignorance of controlling for intra-municipal correlation, heterogeneity and spatial spillover skews conclusions regarding effects of the determinants of homeownership. Furthermore, it finds that endogenous as well as exogenous spatial spillovers are essential parts of specifying demand for homeownership. Specifically, the demand for homeownership spills over and stimulates demand in neighbouring municipalities, and house prices and incomes exert positive effects on demand for homeownership in neighbouring municipalities. Second, as is clear from the above empirical conclusions, the study adds to existing empirical research and knowledge. [ABSTRACT FROM AUTHOR]
- Published
- 2009
- Full Text
- View/download PDF
75. What Determines the Price Elasticity of House Supply? Real Interest Rate Effects and Cyclical Asymmetries.
- Author
-
Levin, Eric J. and Pryce, Gwilym B. J.
- Subjects
- *
HOME prices , *ELASTICITY (Economics) , *HOUSE construction , *INTEREST rates , *MONETARY policy - Abstract
This paper offers a theoretical discussion of the price elasticity of supply. While there have been a number of attempts to estimate the responsiveness of UK supply, relatively little has been written on what determines it. A key omission is the effect of long-term real interest rates. Steep falls in both the annual rent to house price ratio and long real interest rates during a period of relatively static real rents in the UK suggest that the stream of future imputed rents became discounted at successively lower interest rates between 1996 and 2007. New supply responded sluggishly to price rises during this period, but then collapsed rapidly as the market turned in 2008. This paper argues that the decline in long-term real interest rates contributed to rising house prices and the inelastic supply response during the long upswing, and that cyclical asymmetries inherent in the supply response have been exacerbated by changes in the financial system and increased government regulation of the planning process. [ABSTRACT FROM AUTHOR]
- Published
- 2009
- Full Text
- View/download PDF
76. Spatial Change and the Structure of Urban Housing Sub-markets.
- Author
-
Leishman, Chris
- Subjects
- *
HOUSING , *HOUSING market , *RESIDENTIAL real estate - Abstract
Many applied studies of the structure of urban housing systems involve considerable imprecision in terms of the identification of sub-market boundaries. This is often a function of reliance on prior knowledge, particularly of the potential spatial divisions within urban housing systems. This paper introduces an application of the multi-level hedonic model as a tool to identify housing sub-markets, and as a method of identifying temporal change within the sub-market system. Based on empirical analysis of two study years (2002 and 2006) in the city of Glasgow, this study demonstrates a finely-grained approach to the identification of spatial sub-markets and uncovers evidence of spatial change between the two study years. The multi-level derived sub-market boundaries are shown to be a credible and statistically meaningful alternative to prior notions of the sub-market system. The paper concludes that multi-level models have considerable potential as a tool both to identify the sub-market structure, and for detecting temporal change in the delimitation of sub-markets. [ABSTRACT FROM AUTHOR]
- Published
- 2009
- Full Text
- View/download PDF
77. Housing Studies and the Role of Economic Theory: An (Applied) Disciplinary Perspective.
- Author
-
Gibb, Kenneth
- Subjects
- *
HOUSING research , *HOUSING policy , *ECONOMICS , *HOUSING , *DWELLINGS - Abstract
This paper is a disciplinary contribution to the Housing, Theory and Society debate on the role of theory in housing studies. The discipline in question is economics, but considered widely across the range of perspectives it offers. A pragmatic case is made for investigating applied economics from across the subject's spectrum provided they meet the criteria of being useful, insightful, interesting or novel and potentially testable. It is argued that this is consistent with a multidisciplinary approach to housing research. The paper also argues that recent trends in economics have contributed positively, particularly through the increasingly mainstream behavioural economics and finance school, an area of practical relevance to housing. [ABSTRACT FROM AUTHOR]
- Published
- 2009
- Full Text
- View/download PDF
78. Analysing Housing Price in Australia with Data Science Methods
- Author
-
Kou, Jiaying
- Subjects
- 3801 Applied economics, 4605 Data management and data science, 4611 Machine learning, Institute for Sustainable Industries and Liveable Cities, housing price, housing economics, data science, housing appraisal modelling, housing market, economic, computer science, machine learning, regional economic clusters, forecasting
- Abstract
Housing market price prediction is a major and important challenge in economics. Since the 2008 global financial crisis, researchers, economists, and politicians around the world have increasingly drawn attention to the need of better understanding housing market behaviour, since the failure to predict housing market crisis ahead of time had led to catastrophic global damage. On the other hand, around the same time, we have seen the revolution of information technology and artificial intelligence in the last two decades. The advent of powerful cloud and high performance computing systems, big data, and advanced machine learning algorithms have demonstrated new applications and advantages in cutting-edge research and technology areas such as pattern recognition, bioinformatics, natural language processing, and product recommendation systems. Can we make the leap of improving our understanding of housing market behaviour by leveraging these recent advances in artificial intelligence and newly available big data? This is the main theme of the thesis. There is strong motivation to explore the application of data science methods, including new large datasets and advanced machine learning algorithm, to accelerate our understanding of housing market problems for the benefit of the common good. In order to understand housing market behaviour, we divide the problem into two major steps: first, to improve understanding of housing appraisal (at microlevel), which is to predict housing price at the point level given a fixed timeframe; second, to improve understanding of the trend prediction (at macro level), which is to predict the housing price trend for a specific place during a time interval. For these two major steps, we improve upon traditional economic modelling by: • Adding new, non-traditional variables/features to our models, such as location-based Point of Interests, regional economic clusters, qualitative index, searching index, and newspaper articles • Applying machine learning algorithms for data analysis, such as non-linear algorithms, K-Nearest-Neighbour, Support Vector Machine, Gradient Boost, and sentiment analysis Specifically, in Chapter 3, we focus on the development of Location-Based Social Network (LBSN) for our micro-level housing appraisal modelling. A good location goes beyond the direct benefits from its neighbourhood. By leveraging housing data, neighbourhood data, regional economic cluster data and demographic data, we build a housing appraisal model, named HNED. Unlike most previous statistical and machine learning based housing appraisal research, which limit their investigations to neighbourhoods within 1km radius of the house, we expand the investigation beyond the local neighbourhood and to the whole metropolitan area, by introducing the connection to significant influential economic nodes, which we term Regional Economic Clusters. Specifically, we introduce regional economic clusters within the metropolitan range into the housing appraisal model, such as the connection to CBD, workplace, or the convenience and quality of big shopping malls and university clusters. When used with the gradient boosting algorithm 2 XGBoost to perform housing price appraisal, HNED reached 0.88 in R . In addition, we found that the feature vector from Regional Economic Clusters alone reached 0.63 in R2, significantly higher than all traditional features. Chapter 3 focuses on the exploration and validation of HNED modelling. In Chapter 4 and Chapter 5, we focus on macro-level housing price trend prediction. We fill the gap between the traditional macro-level housing market modelling and new developments of the concept of irrationality in microeconomic theories, by collecting and analysing economic behavioural data, such as real estate opinions in local newspaper articles, and people’s web searching behaviour as captured by Google Trend Index. In Chapter 4, we discuss the usage of micro-level behavioural data for understanding macro-level housing market behaviour. We use sentiment analysis to examine local newspaper articles discussing real estate at a suburb level in inner-west Sydney, Australia. We then calculate the media sentiment index by using two different methods, and compare them with each other and the housing price index. The use of media sentiment index can serve as a finer-grained guiding tool to facilitate decision-making for home buyers, investors, researchers and policy makers. In Chapter 5, we discuss how new developments of behavioural economic theory indicate that the information from decision-making at the micro-level will bring a new solution to the age-old problem of economic forecasting. It provides the theoretical link between irrationality and big data methods. Specifically, Google Trend Index is included as a new variable in a time series auto-regression model to forecast housing market cycles. To summarise the contributions of the thesis, we conclude that this is a successful early attempt to study housing price problems using data science methods, by leveraging newly available data sets and applying novel machine learning methods. Specifically, location-based social data improves the housing appraisal modelling. Human behaviour for housing market is analysed by introducing local newspaper articles and Google Trend Index into the modelling and analysis.
- Published
- 2022
79. The Government Mortgage Guarantee as an Instrument in Housing Policy: Self-supporting Instrument or Subsidy?
- Author
-
Elsinga, Marja, Priemus, Hugo, and Cao, Liou
- Subjects
- *
HOUSING policy , *SOCIAL policy , *GOVERNMENT policy , *MORTGAGES , *DOMESTIC economic assistance , *GOVERNMENT aid , *GOVERNMENT lending - Abstract
This paper discusses the role of government mortgage guarantee schemes in housing policy. It explores different types of government mortgage guarantee scheme, which play different roles, in eight countries. Mortgage guarantee schemes interfere in the mortgage market in order to improve access to mortgages. Such guarantees can be shaped as self-supporting instruments or as subsidies. If the latter is the case the issue of competition and a level playing field is relevant. This paper explores the US and the Dutch guarantee models in depth in order to answer the question of whether these schemes are unsubsidised mortgage market instruments or subsidised programmes. It concludes by reflecting on the meaning of the outcomes in the context of EU competition policy. [ABSTRACT FROM AUTHOR]
- Published
- 2009
- Full Text
- View/download PDF
80. Une mesure de la distribution de la solvabilité logement des ménages primo-accédants franciliens.
- Author
-
NAPPI-CHOULET, Ingrid, MAURY, Tristan-Pierre, and CANCEL, Marion
- Subjects
EVOLUTIONARY theories ,RESEARCH ,HOUSING ,DOMESTIC architecture ,HOUSEHOLDS ,PRICE indexes - Abstract
Copyright of Revue d'Économie Régionale & urbaine is the property of Librairie Armand Colin and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2008
- Full Text
- View/download PDF
81. Determinants of homeownership in Malaysia
- Author
-
Tan, Teck-Hong
- Subjects
- *
HOUSE construction , *WELFARE economics , *INDUSTRIAL efficiency - Abstract
Abstract: The housing industry is crucial to sustainable development in Malaysia. The efficiency and effectiveness of the housing delivery system require housing provision for all. The housing industry, which had grown rapidly in the 1980s, encountered property oversupply recently. The majority of these units remain unsold for reasons beyond the price factor, ranging from poor location to unattractive houses. The main objective of this paper is to tackle property oversupply in the country by examining a detailed knowledge of home owning determinants. Homeownership should be encouraged as positive externalities of homeownership can be found in many housing surveys. Homeownership is a complex issue that is the result of many determinants, including housing characteristics (house types and property types), employment and income trends, and socio-cultural and demographic descriptors. In addition to determinants, efforts are needed to reduce regulatory barriers in the housing delivery system, which can significantly increase the cost of building houses. The government should make home financing more available and affordable by providing subsidies to low-income families and by creating incentives to save for homeownership. Efforts are also needed to extend opportunities to enhance the affordability of homeownership by liberalizing rules and regulations of Employee Provident Fund (EPF) withdrawal. [Copyright &y& Elsevier]
- Published
- 2008
- Full Text
- View/download PDF
82. Implicit Land Taxation and Affordable Housing Provision in England.
- Author
-
Oxley, Michael
- Subjects
- *
TAXATION , *HOUSING development , *REAL estate developers , *URBAN planning , *COST effectiveness - Abstract
The paper considers the proposal in England that a continuing requirement for residential developers to contribute directly to the supply of affordable housing in return for planning permission should operate alongside a new tax on land value increases due to planning permission. The paper asks whether it is right in principle for affordable housing to be supported by the implicit taxation of development. It is argued that in terms of transparency, clarity, and certainty explicit taxation is to be preferred to implicit taxation. It is thus suggested that once the new explicit tax is in place developers should no longer be routinely required to pay an additional implicit affordable housing tax. Affordable housing should, it is argued, be supported on the basis of need, not the resources available from the development process. The link between the provision of affordable housing and planning obligations should be broken. [ABSTRACT FROM AUTHOR]
- Published
- 2008
- Full Text
- View/download PDF
83. Rhetoric in the Language of Real Estate Marketing.
- Author
-
PRYCE, GWILYM and OATES, SARAH
- Subjects
- *
REAL property , *RESIDENTIAL real estate , *HOUSING market , *HOUSING finance , *HOUSING development , *REAL estate agents , *QUANTITATIVE research - Abstract
'Des. Res.', 'rarely available', 'viewing essential' - these are all part of the peculiar parlance of housing advertisements which contain a heady mix of euphemism, hyperbole and superlative. Of interest is whether the selling agent's penchant for rhetoric is spatially uniform or whether there are variations across the urban system. This paper is also interested in how the use of superlatives varies over the market cycle and over the selling season. For example, are estate agents more inclined to use hyperbole when the market is buoyant or when it is flat, and does it matter whether a house is marketed in the summer or winter? This paper attempts to answer these questions by applying textual analysis to a unique dataset of 49 926 records of real estate transactions in the Strathclyde conurbation over the period 1999 to 2006. The analysis opens up a new avenue of research into the use of real estate rhetoric and its interaction with agency behaviour and market dynamics. [ABSTRACT FROM AUTHOR]
- Published
- 2008
- Full Text
- View/download PDF
84. Can big data increase our knowledge of local rental markets? A dataset on the rental sector in France.
- Author
-
Chapelle G and Eyméoud JB
- Subjects
- Administrative Personnel, Advertising, Big Data, France, Housing legislation & jurisprudence, Humans, Social Sciences, Urban Population, Housing economics, Housing statistics & numerical data
- Abstract
Social Scientists and policy makers need precise data on market rents. Yet, while housing prices are systematically recorded, few accurate data sets on rents are available. In this paper, we present a new data set describing local rental markets in France based on online ads collected through to webscraping. Comparison with alternate sources reveals that online ads provide a non biased picture of rental markets and allow coverage of the whole territory. We then estimate hedonic models for prices and rents and document the spatial variations in rent-price ratios. We show that rents do not increase as much as prices in the tightest housing markets. We use our dataset to estimate the market rent of each transaction and of social dwellings. In the latter case,this allows us to estimate the in-kind benefit received by social tenants which is mainly driven by the level of private rent in their municipality., Competing Interests: Banque de France is not a commercial company but an independent public institution that has been a member of the Eurosystem of central banks since 1999. It had no role in study design, data collection and analysis, decision to publish, or preparation of the manuscript.
- Published
- 2022
- Full Text
- View/download PDF
85. Cost-benefit and financial analyses of public housing in South Australia.
- Author
-
Pugh, Cedric and Catt, C.C.
- Abstract
A set of analyses of public housing programmes in South Australia, using cost-effectiveness, cost-benefit; and cash flow criteria. Includes the results of statistical research and outlines discussions of the essential methodological issues in applying cost-benefit analyses to social housing policies. From a pragmatic perspective, and with regard to contingent conditions, the various analyses lead to a ranking of housing programmes in terms of their economic, social, and financial consequences. [ABSTRACT FROM PUBLISHER]
- Published
- 1984
- Full Text
- View/download PDF
86. Essays on Housing Economics
- Author
-
Schmidt, Carolin and Azarmi, Ted (Prof. Dr.)
- Subjects
Immobilienökonomik ,economic history ,real estate ,growth ,Immobilienwirtschaft , Wirtschaftswachstum , Haushalt , Wirtschaftsgeschichte ,real estate economics ,Housing economics - Abstract
Immobilien und ihre Bedeutung für private Haushalte und Volkswirtschaften stehen seit der globalen Krise wieder verstärkt im Fokus der Wirtschaftsforschung. Nach einem einführenden Kapitel zu den unterschiedlichen Auswirkungen von Finanz- und Immobilienvermögen auf das Wirtschaftswachstum gibt diese Dissertation einen Überblick über Immobilienmärkte und ihre kultu-rellen, wirtschaftlichen und politischen Auswirkungen in Deutschland, den USA, China und Japan. In der ersten empirischen Studie dieser Arbeit wird der housing wealth effect näher untersucht. Wo viele frühere Artikel einen positiven Effekt von Immobilienvermögen auf den Konsum feststellen, verschwindet dieser, sobald geeignetere Methoden und zusätzliche Variablen zur Ver-ringerung von Endogenitätsproblemen herangezogen werden und nur U.S.-Staaten mit unterdurchschnittlicher Wohneigentumsquote betrachtet werden. Des Weiteren wird die Wirkung von Immobilienvermögen auf das BIP untersucht und gezeigt, dass in Staaten mit überdurchschnittlich viel Wohneigentum das BIP mit zunehmendem Immobilienvermögen sinkt. Die Literatur ist sich darüber einig, dass steigende Hausqualität (z.B. durch sanitäre Anlagen oder mehr Wohnraum pro Kopf) im 19. und frühen 20. Jahrhundert durch steigende reale Hauspreise angenähert werden kann. Der zweite empirische Artikel untersucht daher den langfristigen Effekt dieser Hausqualität auf die Körpergröße von Erwachsenen zwischen 1870 und 1965. Die Studie zeigt, dass eine höhere Wohnqualität die Körpergröße positiv beeinflusst und somit zum Wohlstand der Bevölkerung beigetragen hat. Die letzte empirische Arbeit betrachtet den Zusammenhang von Wohneigentum und Wirtschaftswachstum in einer internationalen Stichprobe. Es wird gezeigt, dass moderate Niveaus von Immobilieneigentum sich positiv, zu hohe Niveaus sich hingegen negativ auf das Wachstum auswirken.
- Published
- 2018
87. State Spending on Public Benefit Programs and Child Maltreatment.
- Author
-
Puls HT, Hall M, Anderst JD, Gurley T, Perrin J, and Chung PJ
- Subjects
- Adolescent, Child, Child Abuse mortality, Confidence Intervals, Foster Home Care economics, Housing economics, Humans, Incidence, Medical Assistance economics, Poverty economics, Time Factors, United States, Child Abuse statistics & numerical data, Public Assistance economics, Public Expenditures
- Abstract
Background: To determine the association between states' total spending on benefit programs and child maltreatment outcomes., Methods: This was an ecological study of all US states during federal fiscal years 2010-2017. The primary predictor was states' total annual spending on local, state, and federal benefit programs per person living ≤100% federal poverty limit, which was the sum of (1) cash, housing, and in-kind assistance, (2) housing infrastructure, (3) child care assistance, (4) refundable Earned Income Tax Credit, and (5) Medical Assistance Programs. The main outcomes were rates of maltreatment reporting, substantiations, foster care placements, and fatalities after adjustment for relevant confounders. Generalized estimating equations adjusted for federal spending and estimated adjusted incidence rate ratios (IRRs) and 95% confidence intervals (CIs)., Results: States' total spending was inversely associated with all maltreatment outcomes. For each additional $1000 states spent on benefit programs per person living in poverty, there was an associated -4.3% (adjusted IRR: 0.9573 [95% CI: 0.9486 to 0.9661]) difference in reporting, -4.0% (adjusted IRR: 0.903 [95% CI: 0.9534 to 0.9672]) difference in substantiations, -2.1% (adjusted IRR: 0.9795 [95% CI: 0.9759 to 0.9832]) difference in foster care placements, and -7.7% (adjusted IRR: 0.9229 [95% CI: 0.9128 to 0.9330]) difference in fatalities. In 2017, extrapolating $1000 of additional spending for each person living in poverty ($46.5 billion nationally, or 13.3% increase) might have resulted in 181 850 fewer reports, 28 575 fewer substantiations, 4168 fewer foster care placements, and 130 fewer fatalities., Conclusions: State spending on benefit programs was associated with reductions in child maltreatment, which might offset some benefit program costs., Competing Interests: POTENTIAL CONFLICT OF INTEREST: The authors have indicated they have no potential conflicts of interest to disclose., (Copyright © 2021 by the American Academy of Pediatrics.)
- Published
- 2021
- Full Text
- View/download PDF
88. The Health Impact of Evictions.
- Author
-
Goplerud DK, Leifheit KM, and Pollack CE
- Subjects
- Child, Child Development, Economic Factors, Family Characteristics, Female, Health Systems Agencies, Humans, Pediatricians, Pregnancy, Residence Characteristics, Adverse Childhood Experiences prevention & control, Adverse Childhood Experiences psychology, Child Health ethnology, Homeless Youth ethnology, Homeless Youth psychology, Housing economics, Housing legislation & jurisprudence, Physician's Role
- Abstract
Competing Interests: POTENTIAL CONFLICT OF INTEREST: Dr Pollack reports stock ownership in Gilead Pharmaceuticals. The work detailed here does not evaluate any specific drug or intervention produced by Gilead. In September 2019, Johns Hopkins University entered into a contract with the Department of Housing and Urban Development for Dr Pollack to work part-time on a temporary assignment, assisting the department on housing and health issues. The findings and conclusions in this article are those of the authors and do not necessarily represent those of Housing and Urban Development or other government agencies. Dr Pollack was previously on the Health Advisory Council for Enterprise Community Partners and was a paid consultant to the Open Communities Alliance. Drs Pollack and Leifheit signed on as amici to several Amicus Curiae briefs in support of the Centers for Disease Control and Prevention’s national moratorium on eviction as a public health measure. Dr Leifheit has provided expert testimony to legislative bodies regarding potential public health effects of eviction. Ms Goplerud has no conflicts of interest to disclose.
- Published
- 2021
- Full Text
- View/download PDF
89. Association between housing type and accelerated biological aging in different sexes: moderating effects of health behaviors.
- Author
-
Ng TKS, Matchar DB, Pyrkov TV, Fedichev PO, Chan AW, and Kennedy B
- Subjects
- Aged, Aged, 80 and over, Aging blood, Body Mass Index, Female, Humans, Male, Middle Aged, Sex Factors, Social Class, Aging psychology, Health Behavior, Housing economics
- Abstract
Introduction: Despite associated with multiple geriatric disorders, whether housing type, an indicator of socioeconomic status (SES) and environmental factors, is associated with accelerated biological aging is unknown. Furthermore, although individuals with low-SES have higher body mass index (BMI) and are more likely to smoke, whether BMI and smoking status moderate the association between SES and biological aging is unclear. We examined these questions in urbanized low-SES older community-dwelling adults., Methods: First, we analyzed complete blood count data using the cox proportional hazards model and derived measures for biological age (BA) and biological age acceleration (BAA, the higher the more accelerated aging) ( N = 376). Subsequently, BAA was regressed on housing type, controlling for covariates, including four other SES indicators. Interaction terms between housing type and BMI/smoking status were separately added to examine their moderating effects. Total sample and sex-stratified analyses were performed., Results: There were significant differences between men and women in housing type and BAA. Compared to residents in ≥3 room public or private housing, older adults resided in 1-2 room public housing had a higher BAA. Furthermore, BMI attenuated the association between housing type and BAA. In sex-stratified analyses, the main and interaction effects were only significant in women. In men, smoking status instead aggravated the association between housing type and BAA., Conclusion: Controlling for other SES indicators, housing type is an independent socio-environmental determinant of BA and BAA in a low-SES urbanized population. There were also sex differences in the moderating effects of health behaviors on biological aging.
- Published
- 2021
- Full Text
- View/download PDF
90. Tackling exclusion: A pilot mixed method quasi-experimental identity capital intervention for young people exiting homelessness.
- Author
-
Thulien NS, Wang A, Mathewson C, Wang R, and Hwang SW
- Subjects
- Adolescent, Adult, Female, Humans, Male, Self Concept, Surveys and Questionnaires, Young Adult, Ill-Housed Persons psychology, Housing economics, Housing Instability, Social Class
- Abstract
Background: Longitudinal studies examining the life trajectories of young people after they have exited homelessness have identified concerns with persistent social and economic exclusion, struggles to shake off identities of homelessness, and housing instability. This pilot study sought to explore the feasibility of improving socioeconomic inclusion outcomes by bolstering identity capital (sense of purpose and control, self-efficacy and self-esteem) among young people who had experienced homelessness., Methods: Nineteen individuals (aged 18-26) who had transitioned out of homelessness within the past three years participated in a six-week, six-session program focused on building identity capital. The study employed a mixed method prospective cohort hybrid design with an intervention group (Group One) and a delayed intervention comparison group (Group Two). Participants were interviewed every three months until nine months post-intervention., Results: None of the youth who began the intervention dropped out of the program, with the exception of one participant who moved across the country and was unable to continue. Immediately after participating in the intervention, Group One had statistically significant improvements (p < .05) and large to very large effect sizes in self-esteem (d = 1.16) and physical community integration (d = 1.79) compared to changes in Group Two over the same period, which had not yet begun the intervention. In the pooled analysis, small to moderate effect sizes in hopelessness, physical community integration, and self-esteem were observed at all post-intervention time points. Notably, at six- and nine-months post-intervention, statistically significant improvements (p < .05) and moderate effect sizes in hopelessness (d = -0.73 and d = -0.60 respectively) and self-esteem (d = 0.71 and d = 0.53 respectively) were observed. Youth shared they appreciated the normalizing (vs. pathologizing) of strategies they needed to learn and spoke of the importance of framing new skills as something one needs "to have a better life" vs. "to get better.", Conclusions: These early findings signal that targeting identity capital is feasible and may be a promising approach to incorporate into a more complex intervention that includes housing, education, and employment supports to help youth transition out of homelessness. Future research could build on these findings through a sufficiently powered randomized controlled trial., Competing Interests: The authors have declared that no competing interests exist.
- Published
- 2021
- Full Text
- View/download PDF
91. Socioeconomic status and the likelihood of informal care provision in Japan: An analysis considering survival probability of care recipients.
- Author
-
Ibuka Y and Ohtsu Y
- Subjects
- Caregivers statistics & numerical data, Educational Status, Female, Housing economics, Housing statistics & numerical data, Humans, Japan, Male, Middle Aged, Parents, Patient Care methods, Patient Care mortality, Patient Care statistics & numerical data, Socioeconomic Factors, Surveys and Questionnaires, Caregivers economics, Patient Care economics
- Abstract
Studies show that the burden of caregiving tends to fall on individuals of low socioeconomic status (SES); however, the association between SES and the likelihood of caregiving has not yet been established. We studied the relationship between SES and the likelihood of adults providing long-term care for their parents in Japan, where compulsory public long-term insurance has been implemented. We used the following six comprehensive measures of SES for the analysis: income, financial assets, expenditure, living conditions, housing conditions, and education. We found that for some SES measures the probability of care provision for parents was greater in higher SES categories than in the lowest category, although the results were not systematically related to the order of SES categories or consistent across SES measures. The results did not change even after the difference in the probability of parents' survival according to SES was considered. Overall, we did not find evidence that individuals with lower SES were more likely to provide care to parents than higher-SES individuals. Although a negative association between SES and care burden has been repeatedly reported in terms of care intensity, the caregiving decision could be different in relation to SES. Further research is necessary to generalize the results., Competing Interests: The authors have declared that no competing interests exist.
- Published
- 2021
- Full Text
- View/download PDF
92. Lie symmetry analysis of the effects of urban infrastructures on residential property values.
- Author
-
Lin CW, Wang JC, Zhong BY, Jiang JA, Wu YF, Leu SW, and Nee TE
- Subjects
- Boston, Cities, Commerce, Geography, Models, Theoretical, Tokyo, Algorithms, City Planning, Housing economics
- Abstract
Due to the complexity of socio-economic-related issues, people thought of housing market as a chaotic nucleus situated at the intersection of neighboring sciences. It has been known that the dependence of house features on the residential property value can be estimated employing the well-established hedonic regression analysis method in teams of location characteristic, neighborhood characteristic and structure characteristic. However, to further assess the roles of urban infrastructures in housing markets, we proposed a new kind of volatility measure for house prices utilizing the Lie symmetry analysis of quantum theory based on Schrödinger equation, mainly focusing on the effects of transportation systems and public parks on residential property values. Based on the municipal open government data regularly collected for four cities, including Boston, Milwaukee, Taipei and Tokyo, and all spatial sampling sites were featured by United States Geological Survey (USGS) National Map, transportation and park were modelled as perturbations to the quantum states generated by the feature space in response to the environmental amenities with different spatial extents. In an attempt to ascertain the intrinsic impact of the location-dependent price information obtained, the similarity functions associated with the Schrödinger equation were considered to facilitate revealing the city amenities capitalizing into house prices. By examining the spatial spillover phenomena of house prices in the four cities investigated, it was found that the mass transit systems and the public green lands possessed the infinitesimal generators of Lie point symmetries Y2 and Y5, respectively. Compared statistically with the common performance criteria, including mean absolute error (MAE), mean squared error (MSE) and, root mean squared error (RMSE) obtained by hedonic pricing model, the Lie symmetry analysis of the Schrödinger equation approach developed herein was successfully carried out. The invariant-theoretical characterizations of economics-related phenomena are consonant with the observed residential property values of the cities internationally, ultimately leading to develop a new perspective in the global financial architecture., Competing Interests: The authors have declared that no competing interests exist.
- Published
- 2021
- Full Text
- View/download PDF
93. Spatiotemporal pattern and coordination relationship between urban residential land price and land use intensity in 31 provinces and cities in China.
- Author
-
Cai X, Liang Y, Huang Z, and Ge J
- Subjects
- China, Cities, Conservation of Natural Resources economics, Conservation of Natural Resources methods, Housing economics, Housing trends, Humans, Social Change, Spatio-Temporal Analysis, Economic Development trends, Natural Resources supply & distribution, Urbanization trends
- Abstract
The trend towards efficient and intensive use of land resources is an inevitable outcome of current social development. The rational matching of urban land prices and land use intensity has become an important factor under accelerating urbanization, and promotes the healthy development of the social economy. Using data on residential land price and on land use intensity for 31 provinces and cities in China, we employ the E-G cointegration test and quadrant map classification to determine the coordination relationship between land price and land use intensity. We then employ HR coordination to calculate the coordination degree of land price and land use intensity, and classify the coordination type accordingly. Our results are as follows. (1) The spatio-temporal distribution of urban land price shows high variability with multiple maxima, and follows a decreasing trend from the southeast coastal area to the northwest inland area and the northeast. (2) The overall land use intensity is at or above the middle level, and shows large spatial differences between provinces, but the agglomeration between provinces is increasing. (3) From the perspective of the relationship between urban land price and land use intensity at the inter-provincial scale, we find that the land price and land use intensity are well coordinated, and the number of provinces has been dynamically changing during different development periods. There is an east-west difference in the spatial distribution of land price and land use intensity coordination level. Different provinces and cities with the same coordination stage show differences in their land price and land use intensity level., Competing Interests: The authors have declared that no competing interests exist.
- Published
- 2021
- Full Text
- View/download PDF
94. A prescription for fair housing during the COVID-19 pandemic.
- Author
-
Hussaini SMQ
- Subjects
- Humans, Poverty economics, Racism economics, COVID-19 economics, Housing economics, Pandemics economics
- Abstract
Competing Interests: I declare no competing interests.
- Published
- 2021
- Full Text
- View/download PDF
95. The Experience of Housing Needs Among Families Caring for Children With Medical Complexity.
- Author
-
Hounsell KG, Moore C, Zahavi A, Arje D, Weiser N, Esser K, Netten K, Soscia J, Cohen E, and Orkin J
- Subjects
- Adolescent, Adult, Canada, Child, Female, Humans, Income, Male, Middle Aged, Public Assistance, Qualitative Research, Young Adult, Disabled Children psychology, Health Status, Housing economics, Parents psychology, Social Determinants of Health
- Abstract
Background and Objectives: Caregivers of children with medical complexity (CMC) face many stressors related to their child's medical condition(s). Financial stress and its impact on housing has been reported to be a challenge among this population. However, unique housing challenges specific to CMC, including disability accommodations in the home and housing space and layout, have yet to be examined in the literature., Methods: We conducted 20 individual semistructured interviews with parents of CMC. Interviews were recorded, coded, and analyzed by using thematic analysis to emphasize, examine, and record patterns of meaning within the data., Results: Eighteen mothers and 2 fathers participated in individual interviews. Two major themes and subthemes (in parentheses) were identified: (1) the impact of health on housing (housing preferences, housing possibilities, and housing outcome as a trade-off) and (2) the impact of housing on health (health of the caregiver and health of the child). Parents had preferences regarding the location and layout of their home specific to their child's illness and medical needs. In addition, parents indicated their child's illness affected their income and home ownership status, which in turn shaped their housing possibilities. The location and layout of the family home was often the result of a trade-off between the caregiver's housing preferences and possibilities., Conclusions: Housing outcomes among CMC are often the result of a trade-off between housing preferences and possibilities, both of which are influenced by the child's health status. Policy changes targeting housing accessibility and affordability are vital to support the health of CMC., Competing Interests: POTENTIAL CONFLICT OF INTEREST: The authors have indicated they have no potential conflicts of interest to disclose., (Copyright © 2021 by the American Academy of Pediatrics.)
- Published
- 2021
- Full Text
- View/download PDF
96. Cost-Savings Associated with Reductions in Public Service Utilization with Provision of Permanent Supported Housing in Midsized City in the United States.
- Author
-
Dobbins K, Addison C, Roque A, El-Mallakh PL, and El-Mallakh RS
- Subjects
- Chronic Disease epidemiology, Cities economics, Female, Ill-Housed Persons psychology, Ill-Housed Persons statistics & numerical data, Humans, Male, Mental Disorders epidemiology, United States epidemiology, Cost Savings, Housing economics
- Abstract
Severe and persistent mental illnesses are frequently associated with homelessness and extensive use of public services. Cost savings after the provision of permanent supportive housing (PSH) have been examined in large metropolitan areas but not in medium-sized communities. Administrative and clinical data were collected to determine use of public services, such as use of emergency services, inpatient psychiatric and medical services, and correctional facilities, in the year preceding and the year subsequent to placement in PSH. Costs of the housing and the utilized services were also calculated. Ninety-one subjects were in housing first (HF) programs and 19 were in treatment first (TF) programs. Overall there was a net cost savings of over $1.2 million or $6134/consumer/year of PSH. Nearly all cost savings were in reduced service utilization which implies prevention of both medical and psychiatric morbidity. In HF the average per patient cost savings ($21,082.12) was not significantly greater than TF ($12,907.29; p = 0.33). Provision of PSH in a mid-sized city provides significant cost savings.
- Published
- 2021
- Full Text
- View/download PDF
97. On the Move : Essays on the Economic and Political Development of Sweden
- Author
-
Prawitz, Erik and Prawitz, Erik
- Abstract
This thesis consists of four self-contained essays in economics. Their abstracts are presented below: Exit, Voice and Political Change: Evidence from Swedish Mass Migration to the United States. We study the political effects of mass emigration to the United States in the 19th century using data from Sweden. To instrument for total emigration over several decades, we exploit severe local frost shocks that sparked an initial wave of emigration, interacted with within-country travel costs. Our estimates show that emigration substantially increased the local demand for political change, as measured by labor movement membership, strike participation and voting. Emigration also led to de facto political change, increasing welfare expenditures as well as the likelihood of adopting more inclusive political institutions. Mass Migration, Cheap Labor, and Innovation. Migration is often depicted as a major problem for struggling developing countries, as they may lose valuable workers and human capital. Yet, its effects on sending regions are ambiguous and depend crucially on local market responses and migrant selection. This paper studies the effects of migration on technological innovation in sending communities during one of the largest migration episodes in human history: the Age of Mass Migration (1850-1913). Using novel historical data on Sweden, where about a quarter of its population migrated, we find that migration caused an increase in technological patents in sending municipalities. To establish causality, we use an instrumental variable design that exploits severe local growing season frost shocks together with within-country travel costs to reach an emigration port. Exploring possible mechanisms, we suggest that increased labor costs, due to low-skilled emigration, induced technological innovation. On the Right Track: Railroads, Mobility and Innovation During Two Centuries. We study the construction of the 19th-cen
- Published
- 2017
98. Essays in Urban Economics
- Author
-
Postal, Veronica
- Subjects
- home improvement, housing economics, housing investment, transit, urban economics
- Abstract
This dissertation is comprised of three essays, each dealing with topics in Urban Economics and Applied Microeconomics. In the first chapter, I use a dynamic discrete-continuous choice model to examine the decision to invest in home improvement. In each time period, households face the decision of whether to reoptimize their housing consumption, either through home improvement or by selling their property. The structural model is estimated using a uniquely rich micro-level dataset that encompasses each property in Minneapolis for a period of almost 20 years. I reconstruct the optimal investment policy and choice probabilities as a function of a property's housing quality and neighborhood quality. Then, I explore a counterfactual scenario in which the cost of investment in home improvement is subsidized and show that such a policy would be effective in increasing the predicted level of investment. I find that policies aimed at encouraging home improvement can be a cost-effective tool to leverage private investment in housing renovation, and to promote urban revitalization without displacing the residents of low income neighborhoods. In the second chapter, I investigate how the development of new apartment buildings can affect local property prices. On one hand, increasing the supply of available residential units is expected to lower the price of other housing options in a given area through a substitution effect. On the other hand, apartment building development may produce aggregation economies and other spillovers increasing the desirability of a given neighborhood and in turn property prices. Estimating the net effect under a standard parametric framework is complicated by the non-linear interaction of geographic and temporal distance from the site of construction. I apply a new econometric technique developed by Diamond and McQuade (2019) to non-parametrically estimate the effect of apartment building construction on nearby residential property prices, transforming transaction prices into a price gradient that is a smooth function of time and distance and then numerically integrating over the estimated derivatives to measure changes in property prices. I find that property prices increase with distance from the site of a new development, suggesting that the substitution effect might be stronger than other potential spillovers, although the overall effect varies heterogeneously across different types of neighborhood. In the third chapter, Mark Ponder and I examine the effect of the introduction of light rail transit in Minneapolis. We focus on decomposing the overall impact on local property prices to assess what share is attributable to the direct effect of improved access to public transit and what share is attributable to an indirect spillover effect through the increase in local amenities. After assembling a rich spatial dataset encompassing every residential property in Minneapolis and hundreds of thousands of businesses and neighborhood amenities, we use machine learning techniques to estimate a hedonic pricing surface. We extend the method of Boosted Smooth Trees introduced by Fonseca et al. (2018) to a high-dimensional dataset and to incorporate instrumental variables, allowing us to control for endogenous changes in amenities. Our results indicate that the price of properties located within a half mile of a light rail station increased by around 11.3%. The direct impact of access to the light rail itself is estimated to increase local housing prices by 5.5%, while the estimated spillover due to changes in amenities is quantifiable at 5.8%.
- Published
- 2020
99. Homeless and COVID-19: Interventions for an Acute Exacerbation of a Chronic Condition.
- Author
-
Rottnek F and Laxton A
- Subjects
- Fees and Charges, Health Personnel, History, 21st Century, Housing economics, Housing supply & distribution, Humans, Income statistics & numerical data, Opioid-Related Disorders epidemiology, Opioid-Related Disorders therapy, United States epidemiology, COVID-19 complications, COVID-19 epidemiology, Chronic Disease epidemiology, Chronic Disease therapy, Ill-Housed Persons statistics & numerical data
- Published
- 2021
100. The Foreclosure Crisis, Community Change, and the Cognitive Health of Older Adults.
- Author
-
Friedman EM, Houle JN, Cagney KA, Slaughter ME, and Shih RA
- Subjects
- Aged, Cognition, Cognitive Dysfunction epidemiology, Female, Health Status Disparities, Humans, Male, Socioeconomic Factors, Economic Recession statistics & numerical data, Housing economics, Mental Health statistics & numerical data, Residence Characteristics statistics & numerical data
- Abstract
Objectives: While home foreclosures are often thought of as a household-level event, the consequences may be far-reaching, and spill over to the broader community. Older adults, in particular, could be affected by the spiral of community changes that result from foreclosures, but we know very little about how the foreclosure crisis is related to older adult health, in particular cognition., Method: This article uses growth curve models and data from the Health and Retirement Study matched to Census and county-level foreclosure data to examine whether community foreclosures are related to older adults' cognitive health and the mechanisms responsible., Results: We find that higher rates of county-level foreclosures are associated with a faster decline in individual cognition at older ages. Although we examined an extensive number of individual and community mechanisms, including individual housing wealth and depressive symptoms, community structural factors, social factors, and perceptions of physical disorder and cohesion, none of the mechanisms examined here explained this relationship., Discussion: This study shows that the adverse consequences of home foreclosures spill over to the local community, with implications for the cognitive health of older adults., (© The Author(s) 2020. Published by Oxford University Press on behalf of The Gerontological Society of America. All rights reserved. For permissions, please e-mail: journals.permissions@oup.com.)
- Published
- 2021
- Full Text
- View/download PDF
Catalog
Discovery Service for Jio Institute Digital Library
For full access to our library's resources, please sign in.