FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2169935637> ?p ?o ?g. }

• W2169935637 abstract "This dissertation consists of three independent chapters, each of which use microeconomic data and methods to inform an analysis of macroeconomic models and questions. The …rst two chapters study the short-run dynamics of housing markets, while the last chapter studies ‡uctuations in labor markets. The …rst chapter examines house price momentum, the positive autocorrelation of price changes which in housing markets lasts for two to three years. The chapter introduces, empirically grounds, and quantitatively analyzes an ampli…cation mechanism that can generate substantial momentum from small frictions: sellers with an incentive not to set a unilaterally high or low list price for their house gradually adjust their price so it remains close to the market average. In doing so, the chapter provides new evidence for explanations for price stickiness for which there is little direct evidence. Furthermore, the chapter demonstrates that the resulting momentum helps explain the short-run dynamics of price, volume, and inventory in housing markets. The second chapter demonstrates how foreclosures can exacerbate a housing bust and delay the housing market’s recovery and shows that such e¤ects played a signi…cant role in the recent housing downturn. Foreclosures drive down prices and freeze up the retail (non-foreclosure) market by raising the ratio of sellers to buyers and making buyers more selective. This can push more homeowners underwater and cause more defaults, amplifying an initial shock. When calibrated to the recent housing cycle, the model implies that foreclosures have much larger e¤ects than previously estimated due to general equilibrium spillovers. The third chapter analyzes why macroeconomic calibrations imply much larger labor supply elasticities than microeconometric studies, paying particular attention to the extensive (participation) margin which is frequently used to explain the divergence. The chapter uses a calibrated macro model to simulate the impacts of tax policy changes on labor supply. It also presents a meta-analysis of quasi-experimental estimates of extensive margin elasticities. Both" @default.
• W2169935637 created "2016-06-24" @default.
• W2169935637 creator A5064627227 @default.
• W2169935637 date "2014-06-06" @default.
• W2169935637 modified "2023-09-27" @default.
• W2169935637 title "The Macroeconomic Consequences of Microeconomic Phenomena in the Housing and Labor Markets" @default.
• W2169935637 cites W1483258164 @default.
• W2169935637 cites W1492865144 @default.
• W2169935637 cites W1495129626 @default.
• W2169935637 cites W1499222463 @default.
• W2169935637 cites W1511803187 @default.
• W2169935637 cites W1525322438 @default.
• W2169935637 cites W1547415738 @default.
• W2169935637 cites W1573389789 @default.
• W2169935637 cites W1573841344 @default.
• W2169935637 cites W1578552565 @default.
• W2169935637 cites W1601704067 @default.
• W2169935637 cites W1652927935 @default.
• W2169935637 cites W1930767527 @default.
• W2169935637 cites W1959116447 @default.
• W2169935637 cites W1965332551 @default.
• W2169935637 cites W1981651168 @default.
• W2169935637 cites W1983592122 @default.
• W2169935637 cites W1984378410 @default.
• W2169935637 cites W1985893732 @default.
• W2169935637 cites W1997446671 @default.
• W2169935637 cites W1998879245 @default.
• W2169935637 cites W2008745156 @default.
• W2169935637 cites W2011036043 @default.
• W2169935637 cites W2012158652 @default.
• W2169935637 cites W2012861340 @default.
• W2169935637 cites W2015423359 @default.
• W2169935637 cites W2021667844 @default.
• W2169935637 cites W2027770634 @default.
• W2169935637 cites W2034851041 @default.
• W2169935637 cites W2035554302 @default.
• W2169935637 cites W2035766778 @default.
• W2169935637 cites W2036075937 @default.
• W2169935637 cites W2039319002 @default.
• W2169935637 cites W2042572893 @default.
• W2169935637 cites W2042660718 @default.
• W2169935637 cites W2049123024 @default.
• W2169935637 cites W2056844202 @default.
• W2169935637 cites W2058399707 @default.
• W2169935637 cites W2074381739 @default.
• W2169935637 cites W2080196427 @default.
• W2169935637 cites W2081563539 @default.
• W2169935637 cites W2084367698 @default.
• W2169935637 cites W2086306065 @default.
• W2169935637 cites W2086967887 @default.
• W2169935637 cites W2087096517 @default.
• W2169935637 cites W2090148352 @default.
• W2169935637 cites W2096328754 @default.
• W2169935637 cites W2099791824 @default.
• W2169935637 cites W2101227199 @default.
• W2169935637 cites W2102963250 @default.
• W2169935637 cites W2105268279 @default.
• W2169935637 cites W2106141919 @default.
• W2169935637 cites W2111705744 @default.
• W2169935637 cites W2112062416 @default.
• W2169935637 cites W2114907228 @default.
• W2169935637 cites W2116363632 @default.
• W2169935637 cites W2118081621 @default.
• W2169935637 cites W2120824065 @default.
• W2169935637 cites W2123849123 @default.
• W2169935637 cites W2124532652 @default.
• W2169935637 cites W2124593951 @default.
• W2169935637 cites W2126471322 @default.
• W2169935637 cites W2127648873 @default.
• W2169935637 cites W2132499788 @default.
• W2169935637 cites W2133099247 @default.
• W2169935637 cites W2134300727 @default.
• W2169935637 cites W2138630966 @default.
• W2169935637 cites W2139354332 @default.
• W2169935637 cites W2140517271 @default.
• W2169935637 cites W2140844341 @default.
• W2169935637 cites W2142594557 @default.
• W2169935637 cites W2150455971 @default.
• W2169935637 cites W2150637392 @default.
• W2169935637 cites W2152558440 @default.
• W2169935637 cites W2153903591 @default.
• W2169935637 cites W2156804252 @default.
• W2169935637 cites W2157844820 @default.
• W2169935637 cites W2159224312 @default.
• W2169935637 cites W2159449318 @default.
• W2169935637 cites W2159765521 @default.
• W2169935637 cites W2161798513 @default.
• W2169935637 cites W2166583760 @default.
• W2169935637 cites W2180308125 @default.
• W2169935637 cites W2252136420 @default.
• W2169935637 cites W2343659739 @default.
• W2169935637 cites W2489968343 @default.
• W2169935637 cites W2568201814 @default.
• W2169935637 cites W2890604260 @default.
• W2169935637 cites W2965184687 @default.
• W2169935637 cites W2994196425 @default.
• W2169935637 cites W3121599482 @default.
• W2169935637 cites W3121734261 @default.
• W2169935637 cites W3121934047 @default.
• W2169935637 cites W3122000906 @default.

• next