BACKGROUND Recent research by demographers and economists has examined the link between living costs and fertility outcomes. The literature has provided some evidence that high rents, or high housing costs, discourage fertility. OBJECTIVE I re-examine the hypothesis that delayed fertility (age at first birth) is related to the costs of housing measured either as rents or sales prices. METHO...

This paper examines the long run relation between prices and rents for houses in Amsterdam from 1650 through 2005. We first demonstrate that these series are cointegrated, a necessary condition for studying movements of the rent-price ratio. We then estimate the deviation of house prices from fundamentals and find that these deviations can be persistent and long-lasting. Lastly, we look at the ...

This paper develops and applies a method for producing constant quality rent indexes and inflation estimates for different segments of the rental housing stock. In each of the five contrasting metropolitan areas, rent inflation since the late 1980s is found to have varied by market segment. In some metro areas, rental prices have risen most rapidly in the bottom third of the rent distribution, ...

UK commentators have noted for some time that the structure of the UK housing market may be detrimental to labour market flexibility. The early 1990s experience of negative housing equity which affected over 20% of home buyers may have “locked” home owners into property, reducing mobility and worsening further the flexibility of the labour market. The present paper uses UK household longitudina...

This paper explores a housing market with an existing tenant in each house and where the existing tenants initially rent their houses. The idea is to identify equilibrium prices for the housing market given the prerequisite that a tenant can buy any house on the housing market, including the one that he currently is possessing, or continue renting the house he currently is occupying. The main c...

The housing market is a dynamic system of intricately woven interdependent processes. It is affected by the volatility in the fi nancial markets and the conditions of this market affect discriminatory individual level behaviour. Like other applications, agent-based models (ABMs) can be used to simulate activity in this market with a view to gaining a better understanding of how the market works...

The effect of local land use regulations on housing markets has been the subject of extensive research and discussion among both urban economists and policymakers. However, very few studies distinguish between the effects on owner-occupied and rental housing. Since most lowand moderate-income families are renters, the effects of regulation on the rental market will have important implications f...

This paper, derived within a general equilibrium framework, demonstrates that housing price can be explicitly expressed as a combination of an exponential and linear function of housing ren tal. This model provid es an explanation as to why housing appreciatio n may not match in ̄ ation in the long-run steady state. We show that only under a very particu lar set of conditions, will housing price...