February 15, 2017
- In this paper, Can Airbnb Provide Livable Incomes to Property Owners?: An Analysis on National, Regional and City District Level, the authors explore the Airbnb payoffs on the macro (global), mezzo (national) and micro (city) level. The main aim of the paper is to pilot a methodology for exploring, whether Airbnb can serve as a source for income replacement.
- Despite the historical consensus that the Fair Housing Act was ineffective and toothless, the first decade after the Act’s passage saw sharply reduced rates of discrimination. After demonstrating that such a significant drop could not have been the result of overall changing racial attitudes, this paper, titled Between Resistance and Embrace: American Realtors, the Justice Department, and the Uncertain Triumph of the Fair Housing Act, 1968-1978, attempts to show that it resulted from the enforcement of the Act itself – especially the vigorous efforts of the Department of Justice.
- This paper, titled Bank-Specific Shocks and House Price Growth in the U.S., investigates the link between mortgage supply shocks at the bank level and regional house price growth in the U.S. using micro-level data on mortgage markets from the Home Mortgage Disclosure Act for the 1990-2014 period. Our results suggest that bank-specific mortgage supply shocks indeed affect house price growth at the regional level.