Housing and Real Estate in Macroeconomics

Lead Research Organisation: University College London
Department Name: Economics

Abstract

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Description I have explored the interconnections between homeownership, savings and inter-regional mobility. We have learned something about why households choose to own their own home and how those choices impact the economy around them. Households in cities with expensive land are less likely to own and less likely to have large mortgages (in percentage of house value terms).
Exploitation Route Further explorations into why households choose to own are necessary. In particular, deeper examinations of rental markets are required.
Sectors Construction,Financial Services, and Management Consultancy,Transport

 
Description My research disclosed here has been cited already in the NBER chapter on Housing, Finance and the Macroeconomy.
First Year Of Impact 2010
Sector Other
Impact Types Economic

 
Description 2010: Nordic Macroeconomics Conference "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States" 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other audiences
Results and Impact 2010: Nordic Macroeconomics Conference "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States"
Year(s) Of Engagement Activity 2010
 
Description 2010: Nordic Macroeconomics Conference "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States" 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other audiences
Results and Impact 2010: Nordic Macroeconomics Conference "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States"
Year(s) Of Engagement Activity 2011
 
Description 2010: University of Copenhagen, UCL, University of Essex "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States" 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other audiences
Results and Impact 2010: University of Copenhagen, UCL, University of Essex "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States"
Year(s) Of Engagement Activity 2010
 
Description 2010: University of Copenhagen, UCL, University of Essex "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States" 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact 2010: University of Copenhagen, UCL, University of Essex "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States"
Year(s) Of Engagement Activity 2010
 
Description 2011: Hunter College, Congressional Budget Office, Universidad de Alicante, University of Queensland, Pompeu Fabra, U. Autonoma Barcelona, Queen Mary University, University of Bristol, Boston Federal Reserve, SUNY-Stony Brook "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States" 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact 2011:
Hunter College, Congressional Budget Office, Universidad de Alicante, University of Queensland, Pompeu Fabra, U. Autonoma Barcelona, Queen Mary University, University of Bristol, Boston Federal Reserve, SUNY-Stony Brook "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States"
Year(s) Of Engagement Activity 2011
 
Description 3rd Annual Israeli Real Estate Symposium "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States" 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other audiences
Results and Impact 3rd Annual Israeli Real Estate Symposium "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States"
Year(s) Of Engagement Activity 2011
 
Description 3rd Annual Israeli Real Estate Symposium "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States" 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other audiences
Results and Impact 3rd Annual Israeli Real Estate Symposium "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States"
Year(s) Of Engagement Activity 2011
 
Description American Economics Association Annual Meeting (Discussant) "Homeowner Investments: Are they Shaped by Perceptions of Neighborhood Risk?" 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other audiences
Results and Impact American Economics Association Annual Meeting (Discussant) "Homeowner Investments:
Are they Shaped by Perceptions of Neighborhood Risk?"
Year(s) Of Engagement Activity 2011
 
Description American Economics Association Annual Meeting (Discussant) "Homeowner Investments: Are they Shaped by Perceptions of Neighborhood Risk?" 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact American Economics Association Annual Meeting (Discussant) "Homeowner Investments: Are they Shaped by Perceptions of Neighborhood Risk?"
Year(s) Of Engagement Activity 2011
 
Description Federal Reserve Housing-Urban-Labor-Macroeconomics Conference - Atlanta (Discussant) "The Role of Housing in Labor Reallocation" 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Federal Reserve Housing-Urban-Labor-Macroeconomics Conference - Atlanta (Discussant) "The Role of Housing in Labor Reallocation"
Year(s) Of Engagement Activity 2011
 
Description Federal Reserve Housing-Urban-Labor-Macroeconomics Conference - Atlanta (Discussant) "The Role of Housing in Labor Reallocation" 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other audiences
Results and Impact Federal Reserve Housing-Urban-Labor-Macroeconomics Conference - Atlanta (Discussant) "The Role of Housing in Labor Reallocation"
Year(s) Of Engagement Activity 2011
 
Description Federal Reserve Housing-Urban-Labor-Macroeconomics Conference - Chicago "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States" 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other audiences
Results and Impact Federal Reserve Housing-Urban-Labor-Macroeconomics Conference - Chicago "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States"
Year(s) Of Engagement Activity 2011
 
Description Federal Reserve Housing-Urban-Labor-Macroeconomics Conference - Chicago "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States" 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Federal Reserve Housing-Urban-Labor-Macroeconomics Conference - Chicago "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States"
Year(s) Of Engagement Activity 2011
 
Description Hunter College, Congressional Budget Office, Universidad de Alicante, University of Queensland, Pompeu Fabra, U. Autonoma Barcelona, Queen Mary University, University of Bristol, Boston Federal Reserve, SUNY-Stony Brook "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States" 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other audiences
Results and Impact Hunter College, Congressional Budget Office, Universidad de Alicante, University of Queensland, Pompeu Fabra, U. Autonoma Barcelona, Queen Mary University, University of Bristol, Boston Federal Reserve, SUNY-Stony Brook "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States"
Year(s) Of Engagement Activity 2011
 
Description Microeconometric Network Meeting (Copenhagen) "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States" 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Microeconometric Network Meeting (Copenhagen) "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States"
Year(s) Of Engagement Activity 2011
 
Description Microeconometric Network Meeting (Copenhagen) "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States" 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other audiences
Results and Impact Microeconometric Network Meeting (Copenhagen) "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States"
Year(s) Of Engagement Activity 2011
 
Description Midwest Macroeconomics Meetings "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States" 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Midwest Macroeconomics Meetings "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States"
Year(s) Of Engagement Activity 2011
 
Description Midwest Macroeconomics Meetings "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States" 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other audiences
Results and Impact Midwest Macroeconomics Meetings "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States"
Year(s) Of Engagement Activity 2011
 
Description Nordic Macroeconomics Conference (Discussant) "Timing and Incentives: Impacts of Student Aid on Academic Achievement" 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other audiences
Results and Impact Nordic Macroeconomics Conference (Discussant) "Timing and Incentives: Impacts of Student Aid on Academic Achievement"
Year(s) Of Engagement Activity 2011
 
Description Nordic Macroeconomics Conference (Discussant) "Timing and Incentives: Impacts of Student Aid on Academic Achievement" 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other audiences
Results and Impact Nordic Macroeconomics Conference (Discussant) "Timing and Incentives: Impacts of Student Aid on Academic Achievement"
Year(s) Of Engagement Activity 2011
 
Description Society for Economic Dynamics "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States" 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other audiences
Results and Impact Society for Economic Dynamics "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States"
Year(s) Of Engagement Activity 2011
 
Description Society for Economic Dynamics "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States" 
Form Of Engagement Activity Participation in an activity, workshop or similar
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact Society for Economic Dynamics "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States"
Year(s) Of Engagement Activity 2011
 
Description University of Essex Search and Matching Conference 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Other audiences
Results and Impact University of Essex Search and Matching Conference
Year(s) Of Engagement Activity 2011
 
Description University of Essex Search and Matching Conference 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach National
Primary Audience Undergraduate students
Results and Impact University of Essex Search and Matching Conference
Year(s) Of Engagement Activity 2011
 
Description XXXV Simposio of the Spanish Economic Society "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States" 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact XXXV Simposio of the Spanish Economic Society "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States"
Year(s) Of Engagement Activity 2011
 
Description XXXV Simposio of the Spanish Economic Society "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States" 
Form Of Engagement Activity A talk or presentation
Part Of Official Scheme? No
Geographic Reach International
Primary Audience Professional Practitioners
Results and Impact XXXV Simposio of the Spanish Economic Society "Do Households Use Homeownership to Insure Themselves: Evidence Across U.S. States"
Year(s) Of Engagement Activity 2011