Does Space Matter? The Case of the Housing Expenditure Cap

• 資料種別: 文書・図像類
• タイトル: Does Space Matter? The Case of the Housing Expenditure Cap
• 著者・編者: Gong, Yifan; Leung, Charles Ka Yui
• 著者標目: Gong, Yifan; Leung, Charles Ka Yui
• 出版事項: The Institute of Social and Economic Research, Osaka University
• 出版年月日等: 2023-09
• 出版年（W3CDTF）: 2023-09
• タイトル（掲載誌）: Institute of Social and Economic Research Discussion Papers
• 巻号年月日等（掲載誌）: 1214
• 掲載巻: 1214
• 掲載ページ: 1-44
• ISSN（掲載誌）: PISSN : 0473453X; EISSN : 24350982
• 本文の言語コード: eng
• 件名標目: housing expenditure share; monocentric model of a city; spatial sorting; welfare inequality
• 対象利用者: 一般
• 一般注記: In our evaluation of the housing expenditure share cap, a macroprudential policy, we discover the importance of modeling space. The spatial considerations allow households to sort into segmented housing markets based on income. Our model generates the observed negative relationship between housing expenditure share and income. More importantly, the cap policy causes a more considerable reduction in housing costs for low-income families than for high-income families in a spatial model. Depending on the assumption of households' preference, this mechanism leads to a minor increase or even a modest decrease in welfare inequality in a spatial model than in a spaceless model.
• 参照（URI）: URI; https://www.iser.osaka-u.ac.jp/library/dp/2023/DP1214.pdf
• 連携機関・データベース: 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）; https://irdb.nii.ac.jp
• 提供元機関・データベース: 大阪大学 : 大阪大学学術情報庫 桜華