Article
Geography
Michelle Buckley, Glenn Brauen
Summary: This article analyzes the growth of space-adding renovations in Toronto's residential sector through public building permit data, highlighting their significant impacts on home values and housing supply.
Article
Economics
Ping Zhang, Lin Sun, Chuanyong Zhang
Summary: This study examines the impact of homeownership on wealth distribution in urban China from 1995 to 2018. It finds that the expansion of homeownership rate until 2008 served as an equalizing force, while the decline in homeownership rate after 2008 led to a more concentrated wealth distribution.
CHINA ECONOMIC REVIEW
(2021)
Article
Economics
Haining Wang, Zhiming Cheng, Russell Smyth, Gong Sun, Jie Li, Wangshuai Wang
Summary: This study examines the relationship between university educational attainment, homeownership, and housing wealth using the implementation of the 1999 higher education expansion in China as a natural experiment. The results show that having a university qualification significantly increases the probability of homeownership and total housing wealth, with various factors such as self-reported social status, entitlement to superannuation, and financial literacy influencing the effects.
CHINA ECONOMIC REVIEW
(2022)
Article
Business, Finance
Christos Giannikos, Georgios Koimisis
Summary: The study demonstrates that in an exchange economy with external habits and agents with convex (concave) absolute risk tolerance, wealth inequality will decrease (increase) the equity risk premium. Furthermore, it is found that as external habits increase, the equity risk premium increases (decreases) if agents exhibit convex (concave) absolute risk tolerance.
FINANCE RESEARCH LETTERS
(2021)
Article
Business, Finance
Bangzheng Wu, Pengpeng Yue, Shengqiang Zuo
Summary: We examine the association between access to credit and wealth accumulation to comprehend the growth of wealth inequality. Empirical findings indicate asymmetric heterogeneity across the entire wealth distribution spectrum. Poor households display a significantly negative correlation between household debt and wealth accumulation, while wealthy households exhibit a significantly positive correlation. Wealthy households benefit more from investment debt, but poor households do not. We discuss the impact of entrepreneurship and investment behaviors. This paper contributes to the literature on wealth distribution by elucidating the links between the credit market and household wealth accumulation.
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE
(2023)
Article
Environmental Studies
Rowan Arundel, Richard Ronald
Summary: In the late 20th century, homeownership became a part of a wider societal project aimed at transforming the economy and increasing social inclusion. However, empirical findings show declining access to homeownership, increasing inequalities in concentrations of housing wealth, and intensifying house-price volatility undermining asset security.
Article
Green & Sustainable Science & Technology
Rohan Best, Rabindra Nepal, Noura Saba
Summary: This paper investigates the wealth effects on household solar-panel uptake and finds that financial assets have a significant impact on solar-panel adoption. The study suggests means testing for solar policy support based on financial-asset thresholds, rather than non-financial assets or income, to create a viable climate change adaptation strategy through solar electrification.
JOURNAL OF CLEANER PRODUCTION
(2021)
Article
Economics
Jordi Caballe, Ana Moro-Egido
Summary: Aspirations are proposed as a mechanism to reduce the positive effects of bequest motive on wealth accumulation, resulting in similar patterns of wealth accumulation between bequest and non-bequest motivated individuals and decreasing the inequality caused by bequests. Additionally, introducing aspirations can increase the speed of convergence to the dynastic steady state as a by-product of the analysis.
ECONOMIC MODELLING
(2021)
Article
Ecology
Mengxue Zhao, Zhihang Yuan, Hon S. Chan
Summary: This paper uses panel data from the 2012 and 2016 China Family Panel Studies (CFPS) surveys to measure household carbon footprints and assess the impact of wealth on household carbon emissions. The study finds that housing wealth has a significantly larger effect on carbon emissions compared to financial wealth, likely due to limited investment channels in China and the high proportion of household wealth tied up in housing. Additionally, the study reveals that the impact of housing wealth on carbon emissions varies among different types of homeownership.
ECOLOGICAL ECONOMICS
(2023)
Article
Economics
Michal Brzezinski, Katarzyna Salach
Summary: The study reveals that wealth inequality between the five postsocialist emerging markets in Central and Eastern Europe is mainly determined by differences in homeownership rates, which are influenced by government support for mortgage loans and help for indebted households.
ECONOMIC MODELLING
(2021)
Article
Economics
Zhifeng Dai, Huiting Zhou, Jie Kang, Fenghua Wen
Summary: The skewness of oil price returns can predict the overall stock market returns, especially with a stronger predictive power during economic recessions, and this finding holds true even when considering different aversion coefficients and transaction costs.
Article
Business, Finance
Fan Wu, Fengxiang Cui, Tao Liu
Summary: The study reveals that digital inclusive finance plays an important role in promoting household wealth growth. It facilitates the accumulation of household wealth by improving entrepreneurial levels and optimizing the efficiency of financial asset allocation. The impact of digital inclusive finance on household wealth growth strengthens with increasing household wealth.
FINANCE RESEARCH LETTERS
(2023)
Article
Economics
Yu Liao, Junfu Zhang
Summary: In Chinese cities, rural migrants with rural hukou face more barriers in accessing housing and thus are less likely to own housing units and accumulate wealth compared to residents with local urban hukou. The differences are particularly pronounced in first- and second-tier cities, areas with stricter hukou regulations, and among younger cohorts.
CHINA ECONOMIC REVIEW
(2021)
Article
Business, Finance
Daniel Page, David McClelland, Christo Auret
Summary: Global studies suggest that there are significant risk-adjusted profits from style momentum in short forecasting and holding periods. The study conducted on the Johannesburg Stock Exchange (JSE) partially supports the existing literature on developed markets.
FINANCE RESEARCH LETTERS
(2022)
Review
Environmental Studies
Eliza Benites-Gambirazio, Loic Bonneval
Summary: This paper focuses on the peculiar form of Housing Asset-Based Welfare in France and argues that despite strong pro-homeownership policies and social welfare efforts, the development of housing policy and retirement pension reforms since the 1990s have led to the financialization of French households and unequal access to homeownership and personal wealth.
Article
Environmental Studies
Arthur Acolin, Rebecca J. Walter, Marie Skubak Tilyer, Johanna Lacoe, Raphael Bostic
Summary: The study found that an increase in total crime on a blockface was associated with a significant decrease in building permit activity the following year in all six cities. However, when aggregating crime from adjacent blockfaces, this relationship became less strong. In Los Angeles and San Antonio, higher crime on adjacent blockfaces was significantly associated with lower levels of investment, while this relationship was not statistically significant in the other four cities.
Article
Environmental Studies
Ruoniu Wang, Sowmya Balachandran
Summary: Inclusionary housing ties affordable housing units with new development, helping to address the affordable housing crisis and build inclusive communities. The lack of a national database limits understanding of prevalence and production. A census found 1,019 local programs in 734 jurisdictions across 31 states and the District of Columbia, with distinct patterns in California, Massachusetts, and New Jersey.
Article
Geography
Samantha Thompson
Summary: Care is a political process, social relations, and marketized product, with diverse caring relationships within non-profit housing sites highlighting the importance of subverting traditional hierarchies and reshaping historical and structural oppressions that shape women's housing experiences. Relationships of care remain susceptible to politics, conflict, and institutional shifts, underscoring the significance of mutual care within a wider complex of care in non-profit housing sites.
GENDER PLACE AND CULTURE
(2022)
Article
Environmental Studies
Arthur Acolin, Gregg Colburn, Rebecca J. Walter Runstad
Summary: This paper develops estimates of the relationship between local density and single-family home values using 2017 transactions for five U.S. metropolitan regions. The study finds a positive and significant relationship between density and house value in the core area of the analyzed regions. However, the relationship is smaller and even negative in outlying areas. These findings highlight the need for a more nuanced discussion of the relationship between local density and housing values.
Article
Geography
Samantha Thompson
Summary: This paper examines the detrimental impacts of housing financialization on low-income households, women, and people of colour, particularly in the case of low-income housing sites for women in Vancouver. The study highlights how housing financialization exacerbates precarious and unsafe housing conditions for low-income tenants, and explores the co-productions of home by different housing actors and their experiences of intersecting social hierarchies of power.
Article
Regional & Urban Planning
Ruoniu Wang, Xinyu Fu
Summary: This study examines the relationship between the features of inclusionary zoning (IZ) policies and the production of affordable housing units. The findings suggest that mandatory, older, and more comprehensive IZ policies with complex income requirements tend to have higher production of affordable housing. The study provides valuable insights for policymakers and planners in designing effective IZ policies that can increase the productivity of affordable housing units.
JOURNAL OF THE AMERICAN PLANNING ASSOCIATION
(2022)
Article
Development Studies
Ruoniu Wang, Courtnee Melton-Fant
Summary: This study examines the role of inclusionary housing (IH) in explaining the link between gentrification and health outcomes. The results show a mixed association between gentrification and health: recent gentrification is associated with higher rates of diabetes and hypertension, but also better access to healthy food. However, this positive effect on healthy food access is not observed for the Black population. The presence of IH is positively correlated with all three health outcome measures, and its association with health outcomes is stronger and independent from the association between recent gentrification and health outcomes. These findings support the health benefits of IH programs and highlight the importance of race-conscious affordable housing policies for improving population health outcomes.
HOUSING POLICY DEBATE
(2023)
Article
Development Studies
Gregg Colburn, Rachel Fyall, Christina McHugh, Pear Moraras, Victoria Ewing, Samantha Thompson, Taquesha Dean, Sarah Argodale
Summary: This study analyzes the response to COVID-19 homelessness in King County, Washington, where individuals were relocated from high-density shelters to hotel rooms. The findings indicate that this new approach to shelter delivery resulted in positive health and social outcomes compared to traditional congregate settings.
HOUSING POLICY DEBATE
(2022)
Article
Criminology & Penology
Marie Skubak Tillyer, Arthur Acolin, Rebecca J. Walter
Summary: Research shows that crime is concentrated in a few specific locations, and changes in these locations can greatly impact a city's overall crime level. This study examines the relationship between private investment (in the form of building permits) and public regulation (in the form of municipal code enforcement) with yearly changes in crime at street segments. The findings suggest that both building permits and code enforcement are associated with reductions in crime across all cities, with benefits spreading to nearby segments.
Article
Environmental Studies
Alex Ramiller, Arthur Acolin, Rebecca J. Walter, Ruoniu Wang
Summary: This study assesses the residential trajectories of households participating in shared-equity homeownership programs and finds that entering such programs may lead to decreases in neighborhood opportunity measures, while exiting is associated with improvements in key measures.
Article
Criminology & Penology
Rebecca J. Walter, Marie Skubak Tillyer, Arthur Acolin
Summary: This study examines the concentration of crime at micro-places in six large cities in the U.S. It finds that there is spatial clustering of high and low crime micro-places within cities, as well as outliers that differ significantly from their neighbors. The classification of micro-places is relatively stable over time, but there are also some changes. The study reveals both similarities and differences across cities, pointing to the need for further investigation.
JOURNAL OF QUANTITATIVE CRIMINOLOGY
(2023)
Article
Development Studies
Chris Hess, Rebecca J. Walter, Ian Kennedy, Arthur Acolin, Alex Ramiller, Kyle Crowder
Summary: Online platforms have become an important part of the housing search process, but they offer uneven representation of different neighborhoods. This study compares GoSection8, a platform focused on affordable housing and voucher-assisted households, with mainstream alternatives like Craigslist, Apartments.com, and Zillow. The findings suggest that GoSection8 and mainstream alternatives capture spatially segmented information about housing markets, with GoSection8 ads representing more affordable units but also being more constrained to higher-poverty neighborhoods.
HOUSING POLICY DEBATE
(2023)
Editorial Material
Regional & Urban Planning
Rebecca J. Walter, Marie Skubak Tillyer, Alex Ramiller, Arthur Acolin
Summary: The neighborhood has been the main spatial unit in urban planning since the early 20th century. Criticisms of the neighborhood unit include disagreements about boundaries, challenges in capturing neighborhood effects, and negative impacts on communities. Technological advancements now allow quantitative analyses at the micro-scale, which can lead to efficient resource allocation in urban planning.
JOURNAL OF PLANNING EDUCATION AND RESEARCH
(2023)
Meeting Abstract
Regional & Urban Planning
Arthur Acolin, Alex Ramiller, Rebecca J. Walter, Samantha Thompson, Ruoniu Wang
JOURNAL OF PLANNING LITERATURE
(2022)
