Residential mobility and the housing market in a two-sector neoclassical growth model

被引：14

作者：

Hardman, AM ^{[1
]}

Ioannides, YM ^{[1
]}

机构：

[1] Tufts Univ, Boston, MA 02115 USA

来源：

SCANDINAVIAN JOURNAL OF ECONOMICS | 1999年 / 101卷 / 02期

关键词：

housing markets; frictions; mobility; growth;

D O I：

10.1111/1467-9442.00159

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The impact of residential mobility and competitive housing markets on long run growth is examined using a two-sector general equilibrium overlapping-generations model in continuous time. There is an infinity of agents with finite lives who adjust their housing consumption by moving, which is costly. We explore the model's steady-state properties, first with a free housing market, then under rent control when the market clears through restrictions on the frequency of moves. Rent controls do not just reduce welfare; they may increase the steady-state capital-labor ratio.

引用

页码：315 / 335

页数：21

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