Full Citation

Title: Consumer Cities: The Role of Housing Variety

Citation Type: Miscellaneous

Publication Year: 2022

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Abstract: Housing costs are key in understanding real income differences across space and time. Standard measures of housing costs do not account for availability differences, where some housing varieties are available in certain cities or time periods but not others. When households have idiosyncratic preferences over housing units, the set of available housing varieties in a city matters. This paper develops theoretically-founded housing price indices to measure housing costs that account for availability differences.

Url: https://econ.columbia.edu/wp-content/uploads/sites/41/2022/09/JMP_HZ.pdf

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Authors: Zhang, Howard

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Data Collections: IPUMS USA

Topics: Housing and Segregation

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