Regional Science and Urban Economics This is an RSS file. You can use it to subscribe to this data in your favourite RSS reader or to display this data on your own website or blog.

The housing crisis, foreclosures, and local tax revenues
Publication date: May 2018Source: Regional Science and Urban Economics, Volume 70Author(s): James Alm, J. Sebastian LeguizamonAbstractThe housing crisis that began with the “Great Recession” led to a dramatic increase in home foreclosures, and these foreclosures likely had subsequent impacts on local government tax revenues. We investigate the impacts of foreclosures on local government tax revenues, using a reduced form estimation approach that relates changes in foreclosures to changes in local government tax revenues. Unlike most previous work, we focus mainly on the nationwide revenue impacts of new foreclosures, u...
Source: Regional Science and Urban Economics - July 11, 2018 Category: Science Source Type: research

The Z-axis: Elevation gradient effects in Urban America
Publication date: May 2018Source: Regional Science and Urban Economics, Volume 70Author(s): Victor Yifan Ye, Charles M. BeckerAbstractThis paper presents an in-depth analysis of hilliness effects in American urban communities. Using data from seventeen cities, we establish robust relationships between topography and density, income and housing value gradients. We find that high-income households display strong preference not only for higher altitude but also for unevenness, leading to spatial income stratification at both the city and tract-level. We analyze potential causes of this propensity: micro-climate, crime, conges...
Source: Regional Science and Urban Economics - July 11, 2018 Category: Science Source Type: research

Homeowner preferences after September 11th, a microdata approach
Publication date: May 2018Source: Regional Science and Urban Economics, Volume 70Author(s): Adam Nowak, Juan Sayago-GomezAbstractThe existence of homeowner preferences – specifically homeowner preferences for neighbors – is fundamental to economic models of sorting. This paper investigates whether or not the terrorist attacks of September 11, 2001 (9/11) impacted local preferences for Arab neighbors. We test for changes in preferences using a differences-in-differences approach in a hedonic pricing model. Relative to sales before 9/11, we find properties within 0.1 miles of an Arab homeowner sold at a 1.4% discoun...
Source: Regional Science and Urban Economics - July 11, 2018 Category: Science Source Type: research

The real effects of credit crunch in the great recession: Evidence from Italian provinces
Publication date: May 2018Source: Regional Science and Urban Economics, Volume 70Author(s): Guglielmo Barone, Guido de Blasio, Sauro MocettiAbstractThe paper estimates the real effects of the sharp reduction in credit supply, following the 2008 financial crisis, on Italian local economies. We develop a measure of local credit supply that is based on the market shares of the banks that serve a local economy and the national change in each bank’s lending that is attributable to supply factors (i.e., purged of local demand factors). The decrease in our credit supply indicator, which is strongly correlated to the outstanding...
Source: Regional Science and Urban Economics - July 11, 2018 Category: Science Source Type: research

Assessment limits and timing of real estate transactions
Publication date: May 2018Source: Regional Science and Urban Economics, Volume 70Author(s): Sebastien BradleyAbstractMichigan homebuyers face large potential discontinuities in property tax obligations for purchases made around January 1 and May 1 under the state’s application of acquisition-value based assessment limits and principal residence (homestead) exemptions, respectively. Consistent with incentives, roughly 3.7 percent of sales concluded in the first 10 business days of January are thus attributable to timing responses among the subset of properties listed by the largest 25 percent of firms by sales volume. Und...
Source: Regional Science and Urban Economics - July 11, 2018 Category: Science Source Type: research