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

Report English OPEN
Lee, Gabriel; Nguyen Thanh, Binh; Strobel, Johannes;
  • 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
Share - Bookmark