This article provides new evidence on the determinants of individual trade-policy
preferences using individual-level survey data for the United States. There are two main …

We propose a life-cycle model of the housing market with a property ladder and a credit
constraint. We focus on equilibria that replicate the facts that credit constraints delay some …

This paper asks how a household should choose between a fixed-rate (FRM) and an
adjustable-rate (ARM) mortgage. In an environment with uncertain inflation a nominal FRM …

The paper outlines the 20th-century history of American zoning to explain how home-owners
came to dominate its content and administration in most jurisdictions. Zoning's original …

This paper is a quantitatively oriented theoretical study into the interaction between housing
prices, aggregate production, and household behavior over a lifetime. We develop a life …

How can mortgages be redesigned to reduce macrovolatility and default? We address this
question using a quantitative equilibrium life‐cycle model. Designs with countercyclical …

Falling house prices have caused numerous homeowners to suffer capital losses. Those
with little home equity may be prevented from moving because of imperfections in housing …

Micro data over the life cycle show different patterns for consumption for housing and non-
housing goods: The consumption profile of non-housing goods is hump-shaped, while the …

A number of recent events in the United States attest to a" globalization backlash" in
opposition to continued liberalization of trade, foreign direct investment, and immigration …

This paper tests the intuition that households whose incomes covary relatively strongly with
housing prices should own relatively little housing. Among US households, a one standard …