Todd Sinai
Biographic Data
| ID | 1471093 |
|---|---|
| NAME | Todd Sinai |
| GIVEN NAMES | Todd |
| FAMILY NAME | Sinai |
| SIGNATURE | SINAI T |
| AFFILIATIONS | University of Pennsylvania |
| VERIFIED | No |
| TOTAL WORKS | 5 |
| TOTAL CITATIONS | 60 |
| AUTHOR COUNT | 5 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2004 |
| LATEST PUBLICATION YEAR | 2013 |
| H-INDEX | 2 |
Superstar Cities
We document large long-run differences in average house price appreciation across metropolitan areas over the past 50 years, and show they can be explained by an inelastic supply of land in some unique locations combined with an increasing number of highincome households nationally. The resulting high house prices and price-to-rent ratios in those “superstar” areas crowd out lower income households. The same forces generate a similar pattern amon…
Does home owning smooth the variability of future housing consumption
Commitment, Risk, and Consumption: Do Birds of a Feather Have Bigger Nests
Consumption commitments—goods like housing for which adjustment is costly—change the relationship between risk and consumption. Commitment provides a motive to reduce consumption when possible future losses are too small to warrant adjustment but not when losses are large enough that adjustment would be worthwhile. This implies conditions under which mean-preserving increases in risk can increase housing consumption. Our empirical evidence exploi…
Assessing High House Prices: Bubbles, Fundamentals and Misperceptions
How does one tell when rapid growth in house prices is caused by fundamental factors of supply and demand and when it is an unsustainable bubble? In this paper, we explain how to assess the state of house prices-both whether there is a bubble and what underlying factors support housing demand-in a way that is grounded in economic theory. In doing so, we correct four common fallacies about the costliness of the housing market. For a number of reas…
Geography and the Internet: Is the Internet a substitute or a complement for cities
Assessing High House Prices: Bubbles, Fundamentals and Misperceptions
How does one tell when rapid growth in house prices is caused by fundamental factors of supply and demand and when it is an unsustainable bubble? In this paper, we explain how to assess the state of house prices-both whether there is a bubble and what underlying factors support housing demand-in a way that is grounded in economic theory. In doing so, we correct four common fallacies about the costliness of the housing market. For a number of reas…
Geography and the Internet: Is the Internet a substitute or a complement for cities
Does home owning smooth the variability of future housing consumption
Geography and the Internet: Is the Internet a substitute or a complement for cities
Assessing High House Prices: Bubbles, Fundamentals and Misperceptions
How does one tell when rapid growth in house prices is caused by fundamental factors of supply and demand and when it is an unsustainable bubble? In this paper, we explain how to assess the state of house prices-both whether there is a bubble and what underlying factors support housing demand-in a way that is grounded in economic theory. In doing so, we correct four common fallacies about the costliness of the housing market. For a number of reas…
Commitment, Risk, and Consumption: Do Birds of a Feather Have Bigger Nests
Consumption commitments—goods like housing for which adjustment is costly—change the relationship between risk and consumption. Commitment provides a motive to reduce consumption when possible future losses are too small to warrant adjustment but not when losses are large enough that adjustment would be worthwhile. This implies conditions under which mean-preserving increases in risk can increase housing consumption. Our empirical evidence exploi…
Does home owning smooth the variability of future housing consumption
Superstar Cities
We document large long-run differences in average house price appreciation across metropolitan areas over the past 50 years, and show they can be explained by an inelastic supply of land in some unique locations combined with an increasing number of highincome households nationally. The resulting high house prices and price-to-rent ratios in those “superstar” areas crowd out lower income households. The same forces generate a similar pattern amon…
Economics (5 works) · Housing Market and Economics (4 works) · Business (3 works) · Econometrics (3 works) · Financial Literacy, Pension, Retirement Analysis (3 works) · Advertising (2 works) · Demography (2 works) · Demography (2 works) · Economic geography (2 works) · Geography (2 works)