Journals Higher Education
  • Economics
    • Housing Economics - Virtual Issue

Housing Economics - Virtual Issue

Housing is one of the most regulated and, arguably, least efficient markets, and one that many economists are working on to better understand and find ways in which it might be improved. In many of the more densely populated countries of the developed world, housing provision is a major public-policy issue. Equally, a large percentage of people's wealth is tied up in their houses, and some parts of the wider economy benefit from the ability of consumers to borrow (and spend) against the value of their homes. And as we now know after the 2007 financial crisis, the functioning of the entire financial system can be vulnerable to a combination of over-aggressive mortgage lending and reduction in house prices. Housing is therefore a critical component of the economic system in several ways, and this virtual issue showcases a range of current research into various aspects of the economics of housing.

The works featured below demonstrate the diversity of research in this area—covering areas such as commuting and labour markets, housing and happiness, mortgage pricing and race, property taxes and consumer spending, house prices and bank liquidity, and the effect of neighbourhoods on intergenerational mobility—and include a selection of journal articles, excerpts from Oxford Scholarship Online, and other OUP resources.