News and Commentary
In an episode of The Ezra Klein Show, Klein talks with Vox’s Jerusalem Demsas on US housing policy. In the episode they discuss topics such as transportation infrastructure costs, localized control of zoning regulations, and more.
In an episode of the Macro Musings podcast, host David Beckworth talks with Jerusalem Demsas about US housing policy. They discuss topics such as whether the housing market is in a bubble, how housing shortages impact discrimination, the history of racism in the housing market, and how localized power influences housing construction.
New Research
In a paper in the Journal of Urban Economics, Evan Mast examines how new market-construction impacts the market for low-income housing. Using address history data and simulation results, he finds that “constructing a new market-rate building that houses 100 people ultimately leads 45 to 70 people to move out of below-median income neighborhoods, with most of the effect occurring within three years.”
In a paper from NBER, Jacques-François Thisse, Matthew Turner, and Philip Ushchev establish a “unified theory of cities” by modeling how “people arrange themselves when they are free to choose work and residence locations, when commuting is costly, and when increasing returns may affect production.”
In a column for VoxEU, Kevin Corinth, Bruce Meyer, Angela Wyse their newly introduced data set intended to provide a better understanding of the US homeless population. To create this new data set, they ”first identify people experiencing homelessness at a point in time at the end of March 2010, based on the US Census Bureau’s special effort to count people experiencing homelessness as part of that year’s Census” and “we link those homeless individuals to a large set of administrative data sources.” In their research using this data set, they find “that 53% of sheltered and 40% of unsheltered homeless adults under age 65 had formal earnings in 2010” and “that the vast majority of homeless individuals receive government benefits.” They also find “relatively high rates of disabilities among the homeless population” and that “migration among homeless individuals appears less prevalent than sometimes suggested.”
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