17,525 research outputs found

    Household Expenditures, Wages, Rents

    Get PDF
    We provide new evidence from the 1980, 1990, and 2000 Decennial Census of Housing that the expenditure share on housing is constant over time and across U.S. metropolitan areas (MSA). Consistent with this observation, we consider a basic model in which identical households with Cobb-Douglas preferences for housing and numeraire consumption choose an MSA in which to live and MSAs differ with respect to income earned by residents. We compute constant-quality wages and rental prices for a sample of 50 U.S. MSAs. Given estimated wages, the calibrated model predicts that rental prices should be more dispersed than observed. That is, the model suggests that rental prices are too low in many high-wage MSAs in the year 2000.household expenditures, housing prices, Cobb-Douglas utility

    What’s really going on in housing markets?

    Get PDF
    Most of the public concern about housing markets is based on claims that house prices have increased at historically anomalous rates and that house prices have outpaced incomes. The first claim is based on inaccurate historical data. The second is linked to relaxed credit constraints. House prices are likely to fall further, but not for the reasons usually proposed.Housing - Prices

    The Rent-Price Ratio for the Aggregate Stock of Owner-Occupied Housing

    Get PDF
    We construct a time series of the rent-price ratio for the owner- occupied stock of housing, starting in 1960:1, by merging micro data from the last five Decennial Censuses of Housing with price indexes for house prices and rents.House Prices, Housing, Rents, CMHPI, Capitalization Rates

    Eroding the Foundations of International Humanitarian Law: The United States Post-9/11

    Get PDF

    Granitic Domes of the Mohave Desert, California

    Get PDF
    Several granitic areas in the Mohave Desert region of southeastern California have been degraded to smooth dome-like forms, to which Lawson has given the name, panfans. They have diameters of from 3 to 6 or 8 miles and heights of from 500 to 2,000 feet over the adjacent lower land. One of the best examples is shown in Plate 12. The well graded convexity of these masses, the steepest declivity of which seldom measures more than 4° or 5°, is flanked by the long, aggraded, concave slopes of their detritus. In some instances the domes are elongated into arches, 10 or 15 miles in length. Many other areas, granitic and non-granitic, less completely and less symmetrically degraded, exhibit bold or subdued residual forms surmounting their smoothly degraded flanks. The most perfect domes or arches result from the undisturbed degradation of upheaved granitic masses which have been worked upon, according to their original form, 1 chiefly by one or the other of two somewhat unlike erosional processes, both of which are merely modifications of ordinary erosional processes appropriate to the dry climate where their action takes place

    Historical Perspective on Guantanamo Bay: The Arrival of the High Value Detainees

    Get PDF

    The Role of Military Commissions in the Global War on Terrorism

    Get PDF

    Strategies for Thriving: A Qualitative Study of Black Teachers who participated in Morehead State University\u27s Teacher Preparation Program

    Get PDF
    A capstone submitted in partial fulfillment of the requirements for the degree of Doctor of Education in the College of Education at Morehead State University by LaRaissa Davis-Morris on October 30, 2018
    • …
    corecore