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Open access Dec 2002

Homeownership: Low Household Mobility, Volatile Housing Prices, High Income Dispersion

We develop a dynamic stochastic equilibrium model of two locations within a city where heterogeneous households make joint location and tenure mode decisions. To investigate the effect of homeownership on equilibrium prices and allocations, we compare the response of this model economy to a labor shock with that of a r...

F. Ortalo-magné, Sven Rady · 34 citations · ⚡5

PREPARING TO ACT

A. L. G. E. Arris, T. Brzustowski, D. Condorelli et al. · 0 citations

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