It is not long time that residential complexes have been built in Tehran. Although during thistime, always influenced by some factors, configuration of the residential complexes has undergone fluctuations, rateof which has been very fast especially in recent decades considering the fundamental changes that have emerged in the housing debate. turning housing into an investment commodity. Residen...

We provide explicit solutions to life-cycle utility maximization problems involving dynamic decisions on investments in stocks and bonds, consumption of perishable goods, and the rental and the ownership of residential real estate. House prices, stock prices, interest rates, and the labor income of the decision-maker follow correlated stochastic processes. The explicit consumption and investmen...

Comparative studies documenting a relationship between male gonadal investment and the degree of sperm competition (SC) have usually considered the association between these traits to be driven by qualitative differences in the mating system, such as whether spawning occurs in pairs or groups. However, ecological and demographic differences between conspecific populations may also generate vari...

In recent years, tenure security has been one of the main objectives of improvement projects in ‎urban poor settlements. Despite lots of international studies initiated in this field, it has received ‎little attention in Iran. The main aim of this paper is to assess the influence of tenure security on ‎the level of household investment in housing. Survey method is considered as the methodology ...

In the recent recession and current economic recovery, policymakers have supported housing prices, expecting that improvement in the balance sheets of banks and consumers will spur economic activity. Considering the period of 1988 through 2006, we document that banks which are active in strong housing markets increase mortgage lending and decrease commercial lending. Firms that borrow from thes...

This paper examines the migration response to a millionaire tax in New Jersey, which raised its income tax rate on top earners by 2.6 percentage points to 8.97 percent, one of the highest tax rates in the country. Drawing on unique state tax micro-data, we estimate the migration response of millionaires to the rate increase, using a difference-in-differences estimation strategy. The results ind...

The recent economic and financial crisis and the current slow recovery highlight that homeownership plays a critical role in the U.S. economy. The estimated “equivalent rent” implicitly paid by homeowners accounts for more than 8 percent of gross domestic product (GDP). Investment in single-family housing also represents a significant share of GDP and is closely tied to the business cycle. Over...