Replication data for: The Housing Market(s) of San Diego

Principal Investigator(s): View help for Principal Investigator(s) Tim Landvoigt; Monika Piazzesi; Martin Schneider

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programs_and_data			12/06/2019 04:24:PM
LICENSE.txt	text/plain	14.6 KB	12/06/2019 11:24:AM

Project Citation:

Landvoigt, Tim, Piazzesi, Monika, and Schneider, Martin. Replication data for: The Housing Market(s) of San Diego. Nashville, TN: American Economic Association [publisher], 2015. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-06. https://doi.org/10.3886/E116133V1

Project Description

Summary: This paper uses an assignment model to understand the cross section of house prices within a metro area. Movers' demand for housing is derived from a life-cycle problem with credit market frictions. Equilibrium house prices adjust to assign houses that differ by quality to movers who differ by age, income, and wealth. To quantify the model, we measure distributions of house prices, house qualities, and mover characteristics from micro-data on San Diego County during the 2000s boom. The main result is that cheaper credit for poor households was a major driver of prices, especially at the low end of the market. (JEL D14, D91, R21, R31)

Scope of Project

JEL Classification:
      D14 Household Saving; Personal Finance
      D15 Intertemporal Household Choice; Life Cycle Models and Saving
      R21 Urban, Rural, Regional, Real Estate, and Transportation Economics: Housing Demand
      R31 Housing Supply and Markets

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V1 [2019-12-06]

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