Real Options Effect of Uncertainty and Labor Demand Shocks on the Housing Market

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Lee, Gabriel; Nguyen Thanh, Binh; Strobel, Johannes;
(2016)
  • Subject: 330 Wirtschaft | ddc:330

This paper shows that uncertainty affects the housing market in two significant ways. First, uncertainty shocks adversely affect housing prices but not the quantities that are traded. Controlling for a broad set of variables in fixed-effects regressions, we find t... View more
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