Most countries exhibit large and persistent geographical differences in wages, income, and
unemployment rates. A growing class of place-based policies attempts to address these …

Municipal bond markets began pricing sea-level rise (SLR) exposure risk in 2013,
coinciding with upward revisions to worst-case SLR projections and accompanying …

We study the impact of rising mortgage rates on mobility and labor reallocation. Using
individual‐level credit record data and variation in the timing of mortgage origination, we …

Using two decades of American Housing Survey data from 1985 to 2007, we revisit the
literature on lock-in effects and provide new estimates of the impacts of negative equity and …

There is a large literature examining the effect of taxes and tax concessions on local
economic development. The last comprehensive review of taxes and economic …

Scholars have long argued that gentrification may displace long-term homeowners by
causing their property taxes to increase, and policy makers, including the US Supreme …

Against a background of mounting demands for spending on services provided by sub-
central governments, this paper examines how fiscal rules can help to ensure that pressure …

Elderly housing surveys consistently report that older Americans prefer to remain living in
their homes for as long as they are physically able. This study uses hazard models to …

The endogeneity of prices has long been recognized as the main identification problem in
the estimation of marginal willingness to pay (MWTP) for the characteristics of a given …

The 2000–2005 housing market boom in the US has caused sharp increases in residential
property taxes. Housing-rich but income-poor elderly homeowners often complain about …