| dc.contributor.advisor | Jonathan A. Parker. | en_US |
| dc.contributor.author | Liebersohn, Carl J | en_US |
| dc.contributor.other | Sloan School of Management. | en_US |
| dc.date.accessioned | 2018-09-17T15:53:36Z | |
| dc.date.available | 2018-09-17T15:53:36Z | |
| dc.date.copyright | 2018 | en_US |
| dc.date.issued | 2018 | en_US |
| dc.identifier.uri | http://hdl.handle.net/1721.1/118008 | |
| dc.description | Thesis: S.M. in Management Science Research, Massachusetts Institute of Technology, Sloan School of Management, 2018. | en_US |
| dc.description | Cataloged from PDF version of thesis. | en_US |
| dc.description | Includes bibliographical references (pages 24-25). | en_US |
| dc.description.abstract | This paper provides a new explanation for regional variation in the 2000-2012 housing and consumption boom and bust. Cities with a greater share of growing industries experienced larger housing demand shocks, larger house price increases from 2001-2006 and greater price declines from 2006-2011. Consistent with theory, price effects were stronger in housing-supply inelastic cities. City-level differences in housing demand are also correlated with supply elasticity. Controlling for industry, I estimate a durables consumption-house price elasticity of 0.08 from 2001-2006, 60% smaller than estimates without the controls. Post- 2006, the estimated elasticity is 0.19 and housing prices rather than local conditions explain consumption changes. | en_US |
| dc.description.statementofresponsibility | by Carl J. Liebersohn. | en_US |
| dc.format.extent | 40 pages | en_US |
| dc.language.iso | eng | en_US |
| dc.publisher | Massachusetts Institute of Technology | en_US |
| dc.rights | MIT theses are protected by copyright. They may be viewed, downloaded, or printed from this source but further reproduction or distribution in any format is prohibited without written permission. | en_US |
| dc.rights.uri | http://dspace.mit.edu/handle/1721.1/7582 | en_US |
| dc.subject | Sloan School of Management. | en_US |
| dc.title | Housing demand, regional house prices and consumption | en_US |
| dc.type | Thesis | en_US |
| dc.description.degree | S.M. in Management Science Research | en_US |
| dc.contributor.department | Sloan School of Management | |
| dc.identifier.oclc | 1051454057 | en_US |
