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Title: The Global Effects of Housing Policy

Citation Type: Miscellaneous

Publication Year: 2014

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Abstract: This paper studies the links between housing policies and aggregate energy use in the U.S. I connect two strands of literature on cities–that cities vary in their per capita energy use and in terms of housing supply elasticity–to measure the e↵ects of location choice and housing consump- tion on aggregate energy use. I build a dynamic spatial equilibrium model of U.S. metropolitan areas, accounting for local heterogeneity in housing demand and supply. Importantly, I decompose the supply restrictions into those naturally-occurring and those policy-induced. After matching the model to data on housing prices, construction activity, and building den- sity, I conduct policy simulations to quantify the e↵ect of various housing policies on energy use. Results indicate that removing the federal tax sub- sidy for housing would result in a lower aggregate energy use, as would increasing land use regulations in high energy use locations. The primary channel is reducing the amount of housing consumed per person, and the secondary channel is in reallocating population from ine

Url: https://pdfs.semanticscholar.org/55e3/03926dbfd1096e5091170886358456866678.pdf

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Authors: Mangum, Kyle

Publisher: Georgia State University

Data Collections: IPUMS USA

Topics: Housing and Segregation

Countries: United States