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Unintended Consequences of Demand-Side Housing Policies: Evidence from Capital Reallocation
We empirically investigate how households reallocate their funds in response to an austere housing-market cooling intervention—the Housing Purchase Restriction (HPR) policy in China—that depresses
Efficiency and Equity Impacts of Urban Transportation Policies with Equilibrium Sorting
We estimate an equilibrium model of residential sorting with endogenous traffic congestion to evaluate the efficiency and equity impacts of urban transportation policies. Leveraging fine-scale data
Home Location Choices and the Gender Commute Gap
Using administrative records of home mortgages in Beijing, we show that dual-income households systematically choose to buy homes that are closer to the wife’s workplace. The wife’s commute from the
Road Rationing Policies and Housing Markets
Canonical urban models postulate transportation cost as a key element in determining urban spatial structure. This paper examines how road rationing policies impact the spatial distribution of
Home Location Choices and the Gender Commute Gap