Selaus asiasanan mukaan kokoelmassa Vertaisarvioidut artikkelit (Peer-reviewed articles)

Viitteet 1-11 / 11

    • Borrowing constraints and housing market liquidity 

      Eerola, Essi; Määttänen, Niku
      Review of Economic Dynamics : (Elsevier, 2018)
      We study how changes in household borrowing constraints influence housing market liquidity. To this end, we develop a housing market model with both matching and credit frictions. In the model, risk-averse households may ...

    • Delivering affordable housing and neighborhood quality: A comparison of place- and tenant-based programs 

      Eerola, Essi; Saarimaa, Tuukka
      Journal of Housing Economics (Elsevier, 2018)
      This paper analyzes the relative merits of large place- and tenant-based housing programs in Finland in terms of housing affordability and neighborhood quality. Using hedonic regression methods and household micro data, ...

    • Do Urban Neighborhoods Benefit from Homeowners? Evidence from Housing Prices 

      Kortelainen, Mika; Saarimaa, Tuukka
      The Scandinavian Journal of Economics : 1 (Wiley, 2015)
      Homeownership is heavily subsidized in most countries. The adverse effects of this policy on economic efficiency and income distribution are well documented in the economics literature. The main argument in favor of ...

    • Housing Allowance and Rents: Evidence from a Stepwise Subsidy Scheme 

      Eerola, Essi; Lyytikäinen, Teemu
      Scandinavian Journal of Economics : 1 (Wiley, 2021)
      In this paper, we study the effect of housing demand subsidies on rents using discontinuities in the Finnish housing allowance system as a quasi‐experimental setting. The stepwise dependence of housing allowance on the ...

    • Intensive margin of land use in CGE models – Reviving CRESH functional form 

      Simola, Antti
      Land Use Policy (Elsevier, 2015)
      In this study I suggest that computable general equilibrium (CGE) studies of land use change could benefit from more careful modeling of the intensive margin. That requires more attention placed on the production function. I ...

    • Low-income housing policies: affordability and integration 

      Eerola, Essi
      Nordic Economic Policy Review : 2021:022 (Nordic Council of Ministers, 2021)
      I review the literature on housing policies intended to improve the housing conditions of low-income households and discuss the conclusions that can be drawn from the literature. I distinguish between tenant-based programs ...

    • Macroprudential measures in the housing markets – a note on the empirical literature 

      Eerola, Essi
      The Journal of Risk Finance : 3 (Emerald, 2017)
      Purpose: The global financial crisis has led to increased attention on the relationship of household indebtedness and systemic risks. As a result, macroprudential measures aimed at reducing the risks have been introduced ...

    • On the role of public price information in housing markets 

      Eerola, Essi; Lyytikäinen, Teemu
      Regional Science and Urban Economics (Elsevier, 2015)
      This paper studies the impact of disclosing detailed house price information on the functioning of the housing market. We first study the effects of increased information on market outcomes in a theoretical framework where ...

    • Revisiting the effects of housing transfer taxes 

      Eerola, Essi; Harjunen, Oskari; Lyytikäinen, Teemu; Saarimaa, Tuukka
      Journal of Urban Economics : Open Access (Elsevier, 2021)
      Housing transfer taxes are fiscally important in many countries despite evidence of substantial welfare costs. We argue that the welfare costs are larger than previously thought because previous studies ignore spillovers ...

    • The local economic impacts of regeneration projects: Evidence from UK's Single Regeneration Budget 

      Gibbons, Stephen; Overman, Henry; Sarvimäki, Matti
      Journal of Urban Economics : Available online (Elsevier, 2020)
      We study the local economic impacts of a major UK regeneration programme aimed at enhancing the quality of life in deprived neighbourhoods. Our identification strategies include: a) exploiting the fine spatial scale of our ...

    • Transfer taxes and household mobility: Distortion on the housing or labor market? 

      Hilber, Christian A.L.; Lyytikäinen, Teemu
      Journal of Urban Economics (Elsevier, 2017)
      We estimate the effect of the UK Stamp Duty Land Tax (SDLT) – a transfer tax on the purchase price of property or land – on different types of household mobility using micro data. Exploiting a discontinuity in the tax ...