Australia’s household sector appears to hold a greater proportion of its wealth in dwellings than do households in other countries. Average dwelling prices in Australia also appear to be high relative to household income, but dwellings in Australia are not noticeably higher in quality than those in comparable countries. This concentration of wealth in housing also does not seem attributable to ...

This paper sets out a framework for estimating household preferences over a broad range of housing and neighborhood characteristics, some of which are determined by the way that households sort in the housing market. This framework brings together the treatment of heterogeneity and selection that has been the focus of the traditional discrete choice literature with a clear strategy for dealing ...

We estimate a hedonic model of the housing market that includes a spline surface defined on geospatial data (i.e., the longitudes and latitudes of individual dwellings). House price indexes are then obtained by imputing prices for individual dwellings from the hedonic model and then inserting them into the Fisher price index formula. Using data for Sydney, Australia we compare the performance o...

In the ongoing debate over the social benefits and costs of gentrification, one of the key questions left largely unaddressed by the empirical literature is the degree to which gentrification impacts local labor markets. This paper begins by exploring the nature of employment change in one archetypical gentrifying neighborhood—Chicago’s Wicker Park—to motivate the central hypothesis that gentri...

Article history: Received 4 March 2014 Received in revised form 12 August 2014 Accepted 12 August 2014 Available online 23 August 2014 Budget deficit has been a commonfiscal pressure facing Chinese cities since the 1994fiscal reform. Meanwhile, land lease sales have become a significant off-budgetary revenue to local governments since 2003. This paper investigateswhetherfinancing budget deficit...

To link environmental factors with prevalence of RTI/STD symptoms among women in the urban slums of Dhaka, Bangladesh and also to investigate if there are differences in levels of RTI/STD prevalence among the slums. Fourteen slums from Dhaka city were the secondary units for this study, households were selected according to systematic sampling. One woman from each selected household was intervi...

We estimate the eff ect of the Dutch-German border on house prices. In the last 40 years the development of house prices in the Netherlands and Germany has been substantially diff erent. While the Netherlands have been hit by two real estate cycles, prices in Germany have been extraordinary stable. We develop a model for studying house prices and the impact of the border. Then we study the deve...

In this paper I develop an empirical framework to estimate the role of agglomeration externalities, especially those stemming from input-output linkages, in the location process of US manufacturing plants. Furthermore, drawing on the model of Holmes and Stevens (2004b), I propose a way to reconciliate some previous puzzling results about proximity to consumers’ demand and the scope of agglomera...

Racial gaps in homeownership over the past century in the United States have profound implications for black-white gaps in wealth, health, education, and public goods. Closely related to these gaps are patterns of residential sorting on the basis of race. We use new county-level segregation estimates for the period of 1880 to 1940 combined with homeownership data from the federal census to docu...