Richard K Green
Biographic Data
| ID | 3960625 |
|---|---|
| NAME | Richard K Green |
| GIVEN NAMES | Richard K |
| FAMILY NAME | Green |
| SIGNATURE | GREEN R K |
| AFFILIATIONS | University of Southern California |
| ORCID | 0000-0002-4154-2952 |
| VERIFIED | Yes |
| TOTAL WORKS | 16 |
| TOTAL CITATIONS | 172 |
| AUTHOR COUNT | 16 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1996 |
| LATEST PUBLICATION YEAR | 2025 |
| H-INDEX | 5 |
Do housing regulations affect rural–urban migration? Evidence from rent control in India
Rent control influences more than housing markets. Using India—a country with heavily regulated housing markets—as a case study, we examine how shifts from pro-tenant to pro-landlord rent control and eviction laws impact rural–urban migration and labor markets. Additionally, we explore potential mechanisms to explain our results on migration. Relaxing rent control leads to higher rents and dampens rural–urban migration, while easing eviction laws…
Renter Nonpayment and Landlord Response: Evidence From Covid-19
How renters respond to economic hardship, and how landlords respond when tenants fail to make rent, are understudied questions, owing largely to limited data. We use experiences from the COVID-19 pandemic to begin answering these questions. Drawing on both new census data and two original surveys of renters in Los Angeles County, we test nine hypotheses about the sources of renter distress and landlord reactions to it. We find that lost work and …
Symposium – Built Up: An Historical Perspective on the Contemporary Principles and Practices of Real Estate Development , by Patrice Derrington. London: Routledge (2021)
Stanford Research Initiative on Long-Term Investing, School of Engineering, 6429Stanford University, USA
Insecure property rights and the housing market: Explaining India’s housing vacancy paradox
One housing paradox in many markets is the simultaneous presence of high costs and high vacancy rates. India has expensive housing relative to incomes and an urban housing vacancy rate of 12.4%. We show how insecure property rights in India, as a result of rent control and weak contract enforcement, increases vacancy rates. Using a two-way linear fixed effects panel regression, we exploit changes in rent control laws in the states of West Bengal,…
Wage trickle down versus rent trickle down: How does an increase in college graduates affect wages and rents
We extend the Rosen–Roback spatial equilibrium model to show that increasing city‐level college share affects welfare distribution by changing both wages and housing costs heterogeneously across individuals with different education levels. Using the Panel Study of Income Dynamics (PSID) from 1980 to 2013, we confirm that high‐skilled workers gain greater benefits from living in cities with a rising college share, as the increase in their wage pre…
Measuring housing affordability in São Paulo metropolitan region: Incorporating location
Preservation of Affordable Rental Housing: Evaluation of the MacArthur Foundation's Window of Opportunity Initiative
In 2000, the MacArthur Foundation began the Window of Opportunity, a 20-year, $187 million philanthropic initiative intended to help preserve privately owned affordable rental housing. The authors of this report assess whether the initiative achieved its goals and identify lessons learned about effective preservation practices, as well as about the implementation of large-scale philanthropic initiatives generally
Is the Art Market More Bourgeois Than Bohemian?
Most research on the art market focuses on the high end, composed of auction houses and a few well‐known dealers. In this paper, we use a new database to examine the industry structure and location patterns of the New York art market, which consists largely of small, independent, relatively unknown galleries. We find that Manhattan galleries are highly spatially concentrated, and that clustering reflects both agglomeration economies and preferenc…
Housing Markets, Prices, and Policies
This article provides a detailed explanation of housing markets. Housing markets are different from other kinds of markets, in part because housing is not a commodity, and in part because when one buys (or rents) a house, one is also buying a set of neighborhood amenities, schools, transportation systems, and taxes. Housing markets are also heavily regulated. It discusses housing markets and policies and examines related issues, revealing why dif…
Airports and Economic Development
This article tests whether the activity at a metropolitan area's airport helps predict population and employment growth. In regression equations explaining employment and population growth, the article uses various measures of airport activity, including boardings, originations, hub status and cargo volume. Because airports may be a function of, as well as a cause of, growth, the article instruments for airports by using geographical and lagged v…
Metropolitan-Specific Estimates of the Price Elasticity of Supply of Housing, and Their Sources
Metropolitan-Specific Estimates of the Price Elasticity of Supply of Housing, and Their Sources by Richard K. Green, Stephen Malpezzi and Stephen K. Mayo. Published in volume 95, issue 2, pages 334-339 of American Economic Review, May 2005
The American Mortgage in Historical and International Context
The U.S. mortgage before the 1930s would be nearly unrecognizable today: it featured variable interest rates, high down payments and short maturities. The authors compare the form of U.S. home mortgages today with those in other countries. The U.S. mortgage provides many more options to borrowers than are commonly provided elsewhere: American homebuyers can choose whether to pay a fixed or floating rate of interest; they can lock in their interes…
Home-ownership and Unemployment in the US
In this paper, we scrutinise Oswald's evidence that home-ownership and unemployment are correlated across the US states. In order to abstract from state fixed-effects in levels, we analyse the cross-sectional variation in changes in home-ownership and unemployment rates between 1970 and 1990. After duplicating (nearly) Oswald's result, we illustrate the importance of weighting the state observations by the fraction of total US households in 1970 …
Home-ownership and Unemployment in the US
In this paper, we scrutinise Oswald's evidence that home-ownership and unemployment are correlated across the US states. In order to abstract from state fixed-effects in levels, we analyse the cross-sectional variation in changes in home-ownership and unemployment rates between 1970 and 1990. After duplicating (nearly) Oswald's result, we illustrate the importance of weighting the state observations by the fraction of total US households in 1970 …
Measuring the Benefits of Homeowning: Effects on Children
What Has Happened to the Bottom of the US Housing Market
Housing quality has improved dramatically for most low-income households, but they are paying much larger shares of their income for it. Many discussions of the bottom of the market focus on either the rising costs (the 'bad' news) or the rising quality (the 'good' news). Both points of view have some merit. This paper takes a positivist approach to the question: what's happening to the bottom of the housing market. We use a variety of indicators…
Measuring the Benefits of Homeowning: Effects on Children
The American Mortgage in Historical and International Context
The U.S. mortgage before the 1930s would be nearly unrecognizable today: it featured variable interest rates, high down payments and short maturities. The authors compare the form of U.S. home mortgages today with those in other countries. The U.S. mortgage provides many more options to borrowers than are commonly provided elsewhere: American homebuyers can choose whether to pay a fixed or floating rate of interest; they can lock in their interes…
Home-ownership and Unemployment in the US
In this paper, we scrutinise Oswald's evidence that home-ownership and unemployment are correlated across the US states. In order to abstract from state fixed-effects in levels, we analyse the cross-sectional variation in changes in home-ownership and unemployment rates between 1970 and 1990. After duplicating (nearly) Oswald's result, we illustrate the importance of weighting the state observations by the fraction of total US households in 1970 …
Measuring housing affordability in São Paulo metropolitan region: Incorporating location
What Has Happened to the Bottom of the US Housing Market
Housing quality has improved dramatically for most low-income households, but they are paying much larger shares of their income for it. Many discussions of the bottom of the market focus on either the rising costs (the 'bad' news) or the rising quality (the 'good' news). Both points of view have some merit. This paper takes a positivist approach to the question: what's happening to the bottom of the housing market. We use a variety of indicators…
Insecure property rights and the housing market: Explaining India’s housing vacancy paradox
One housing paradox in many markets is the simultaneous presence of high costs and high vacancy rates. India has expensive housing relative to incomes and an urban housing vacancy rate of 12.4%. We show how insecure property rights in India, as a result of rent control and weak contract enforcement, increases vacancy rates. Using a two-way linear fixed effects panel regression, we exploit changes in rent control laws in the states of West Bengal,…
What Has Happened to the Bottom of the US Housing Market
Housing quality has improved dramatically for most low-income households, but they are paying much larger shares of their income for it. Many discussions of the bottom of the market focus on either the rising costs (the 'bad' news) or the rising quality (the 'good' news). Both points of view have some merit. This paper takes a positivist approach to the question: what's happening to the bottom of the housing market. We use a variety of indicators…
Measuring the Benefits of Homeowning: Effects on Children
Home-ownership and Unemployment in the US
In this paper, we scrutinise Oswald's evidence that home-ownership and unemployment are correlated across the US states. In order to abstract from state fixed-effects in levels, we analyse the cross-sectional variation in changes in home-ownership and unemployment rates between 1970 and 1990. After duplicating (nearly) Oswald's result, we illustrate the importance of weighting the state observations by the fraction of total US households in 1970 …
Home-ownership and Unemployment in the US
In this paper, we scrutinise Oswald's evidence that home-ownership and unemployment are correlated across the US states. In order to abstract from state fixed-effects in levels, we analyse the cross-sectional variation in changes in home-ownership and unemployment rates between 1970 and 1990. After duplicating (nearly) Oswald's result, we illustrate the importance of weighting the state observations by the fraction of total US households in 1970 …
Metropolitan-Specific Estimates of the Price Elasticity of Supply of Housing, and Their Sources
Metropolitan-Specific Estimates of the Price Elasticity of Supply of Housing, and Their Sources by Richard K. Green, Stephen Malpezzi and Stephen K. Mayo. Published in volume 95, issue 2, pages 334-339 of American Economic Review, May 2005
The American Mortgage in Historical and International Context
The U.S. mortgage before the 1930s would be nearly unrecognizable today: it featured variable interest rates, high down payments and short maturities. The authors compare the form of U.S. home mortgages today with those in other countries. The U.S. mortgage provides many more options to borrowers than are commonly provided elsewhere: American homebuyers can choose whether to pay a fixed or floating rate of interest; they can lock in their interes…
Airports and Economic Development
This article tests whether the activity at a metropolitan area's airport helps predict population and employment growth. In regression equations explaining employment and population growth, the article uses various measures of airport activity, including boardings, originations, hub status and cargo volume. Because airports may be a function of, as well as a cause of, growth, the article instruments for airports by using geographical and lagged v…
Housing Markets, Prices, and Policies
This article provides a detailed explanation of housing markets. Housing markets are different from other kinds of markets, in part because housing is not a commodity, and in part because when one buys (or rents) a house, one is also buying a set of neighborhood amenities, schools, transportation systems, and taxes. Housing markets are also heavily regulated. It discusses housing markets and policies and examines related issues, revealing why dif…
Is the Art Market More Bourgeois Than Bohemian?
Most research on the art market focuses on the high end, composed of auction houses and a few well‐known dealers. In this paper, we use a new database to examine the industry structure and location patterns of the New York art market, which consists largely of small, independent, relatively unknown galleries. We find that Manhattan galleries are highly spatially concentrated, and that clustering reflects both agglomeration economies and preferenc…
Preservation of Affordable Rental Housing: Evaluation of the MacArthur Foundation's Window of Opportunity Initiative
In 2000, the MacArthur Foundation began the Window of Opportunity, a 20-year, $187 million philanthropic initiative intended to help preserve privately owned affordable rental housing. The authors of this report assess whether the initiative achieved its goals and identify lessons learned about effective preservation practices, as well as about the implementation of large-scale philanthropic initiatives generally
Measuring housing affordability in São Paulo metropolitan region: Incorporating location
Wage trickle down versus rent trickle down: How does an increase in college graduates affect wages and rents
We extend the Rosen–Roback spatial equilibrium model to show that increasing city‐level college share affects welfare distribution by changing both wages and housing costs heterogeneously across individuals with different education levels. Using the Panel Study of Income Dynamics (PSID) from 1980 to 2013, we confirm that high‐skilled workers gain greater benefits from living in cities with a rising college share, as the increase in their wage pre…
Symposium – Built Up: An Historical Perspective on the Contemporary Principles and Practices of Real Estate Development , by Patrice Derrington. London: Routledge (2021)
Stanford Research Initiative on Long-Term Investing, School of Engineering, 6429Stanford University, USA
Insecure property rights and the housing market: Explaining India’s housing vacancy paradox
One housing paradox in many markets is the simultaneous presence of high costs and high vacancy rates. India has expensive housing relative to incomes and an urban housing vacancy rate of 12.4%. We show how insecure property rights in India, as a result of rent control and weak contract enforcement, increases vacancy rates. Using a two-way linear fixed effects panel regression, we exploit changes in rent control laws in the states of West Bengal,…
Renter Nonpayment and Landlord Response: Evidence From Covid-19
How renters respond to economic hardship, and how landlords respond when tenants fail to make rent, are understudied questions, owing largely to limited data. We use experiences from the COVID-19 pandemic to begin answering these questions. Drawing on both new census data and two original surveys of renters in Los Angeles County, we test nine hypotheses about the sources of renter distress and landlord reactions to it. We find that lost work and …
Do housing regulations affect rural–urban migration? Evidence from rent control in India
Rent control influences more than housing markets. Using India—a country with heavily regulated housing markets—as a case study, we examine how shifts from pro-tenant to pro-landlord rent control and eviction laws impact rural–urban migration and labor markets. Additionally, we explore potential mechanisms to explain our results on migration. Relaxing rent control leads to higher rents and dampens rural–urban migration, while easing eviction laws…
Economics (15 works) · Housing Market and Economics (14 works) · Housing, Finance, and Neoliberalism (9 works) · Business (7 works) · Geography (6 works) · Labour economics (6 works) · Political science (6 works) · Demographic economics (5 works) · Economic growth (5 works) · Financial Literacy, Pension, Retirement Analysis (5 works)