"Cities are physical structures, but the modern literature on urban economic development rarely acknowledges that fact. The elasticity of housing supply helps determine the extent to which increases in productivity will create bigger cities or just higher paid workers and more expensive homes....

Ausführliche Beschreibung

Bibliographische Detailangaben

Hauptverfasser:	Glaeser, Edward L. 1967- (VerfasserIn), Gyourko, Joseph E. 1956- (VerfasserIn), Saks, Raven E. (VerfasserIn)
Format:	Buch
Sprache:	English
Veröffentlicht:	Cambridge, Mass. National Bureau of Economic Research 2005
Schriftenreihe:	National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11097
Schlagworte:	Ökonometrisches Modell Housing > Prices > Econometric models
Online-Zugang:	Volltext
Zusammenfassung:	"Cities are physical structures, but the modern literature on urban economic development rarely acknowledges that fact. The elasticity of housing supply helps determine the extent to which increases in productivity will create bigger cities or just higher paid workers and more expensive homes. In this paper, we present a simple model that provides a framework for doing empirical work that integrates the heterogeneity of housing supply into urban development. Empirical analysis yields results consistent with the implications of the model that differences in the nature of house supply across space are not only responsible for higher housing prices, but also affect how cities respond to increases in productivity"--National Bureau of Economic Research web site.
Beschreibung:	33 S. graph. Darst.