New housing supply and the dilution of social capital

Journal of Urban Economics

Volumn 67, Issue 3, 2010, Pages 419-437

  Hilber, Christian A L ^a  

^a LONDON SCHOOL OF ECONOMICS   (United Kingdom)

Author keywords

Homeownership; House price capitalization; Land and housing supply; Reciprocal cooperation; Social capital

Indexed keywords

EID: 77049125227     PISSN: 00941190     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jue.2009.12.001     Document Type: Article

References (47)

1. Ai C., and Norton E.C. Interaction terms in logit and probit models. Economics Letters 80 1 (2003) 123-129
2. Alesina A., and LaFerrara E. Participation in heterogeneous communities. Quarterly Journal of Economics 115 3 (2000) 847-904
3. Angrist J.D., Imbens G.W., and Krueger A.B. Jackknife instrumental variables estimation. Journal of Applied Econometrics 14 1 (1999) 57-67
4. Brasington D.M. Edge versus center: finding common ground in the capitalization debate. Journal of Urban Economics 52 3 (2002) 524-541
5. Brueckner J.K., and Joo M.-S. Voting with capitalization. Regional Science and Urban Economics 21 3 (1991) 453-467
6. Brueckner J.K., and Largey A.G. Social interaction and urban sprawl. Journal of Urban Economics 64 1 (2008) 18-34
7. Capozza D.R., and Helsley R.W. The stochastic city. Journal of Urban Economics 28 2 (1990) 187-203
8. Capozza D.R., and Li Y. The intensity and timing of investment: the case of land. American Economic Review 84 4 (1994) 889-904
9. Cornes R. Dyke maintenance and other stories: some neglected types of public goods. Quarterly Journal of Economics 108 (1993) 259-271
10. Dehring C.A., Depken II C.A., and Ward M.R. A direct test of the homevoter hypothesis. Journal of Urban Economics 64 1 (2008) 155-170
11. DiPasquale D., and Glaeser E.L. Incentives and social capital: are homeowners better citizens?. Journal of Urban Economics 45 2 (1999) 354-384
12. Durlauf S.N. On the empirics of social capital. Economic Journal 112 483 (2002) F459-F479
13. Durlauf, S.N., Fafchamps, M., 2004. Social Capital, NBER Working Paper 10485, NBER, Cambridge, MA, May.
14. Fischel W.A. Homevoters, municipal corporate governance, and the benefit view of the property tax. National Tax Journal 54 1 (2001) 157-173
15. Fischel W.A. An economic history of zoning and a cure for its exclusionary effects. Urban Studies 41 2 (2004) 317-340
16. Glaeser E.L. The incentive effects of property taxes on local governments. Public Choice 89 1-2 (1996) 93-111
17. Glaeser E.L., and Gottlieb J.D. Urban resurgence and the consumer city. Urban Studies 43 8 (2006) 1275-1299
18. Glaeser E.L., Gyourko J., and Saks R.E. Why is Manhattan so expensive? Regulation and the rise in house prices. Journal of Law and Economics 48 2 (2005) 331-369
19. Glaeser E.L., Laibson D., and Sacerdote B. An economic approach to social capital. Economic Journal 112 483 (2002) F437-F458
20. Haurin D.R., and Gill H.L. The impact of transaction costs and the expected length of stay on homeownership. Journal of Urban Economics 51 3 (2002) 563-584
21. Helsley R.W., and Strange W.C. Knowledge barter in cities. Journal of Urban Economics 56 2 (2004) 327-345
22. Hilber, C.A.L., 2007. New Housing Supply and the Dilution of Social Capital, London School of Economics, Research Papers in Environmental and Spatial Analysis, No. 123, August.
23. Hilber C.A.L., and Mayer C.J. Why do households without children support local public schools? Linking house price capitalization to school spending. Journal of Urban Economics 65 1 (2009) 74-90
24. Hilber, C.A.L., Robert-Nicoud, F., 2009. On the Origins of Land Use Regulations: Theory and Evidence from US Metro Areas, CEPR Discussion Paper 7604, Centre for Economic Policy Research, London, December.
25. Hoff K., and Sen A. Homeownership, community interactions, and segregation. American Economic Review 95 4 (2005) 1167-1189
26. Knack S., and Keefer P. Does social capital have an economic payoff? A cross-country investigation. Quarterly Journal of Economics 112 4 (1997) 1251-1288
27. Manski C.F. Economic analysis of social interactions. Journal of Economic Perspectives 14 3 (2000) 115-136
28. McDonald J.F., and McMillen D.P. Employment subcenters and subsequent real estate development in suburban Chicago. Journal of Urban Economics 48 1 (2000) 135-157
29. Novy-Marx R. An equilibrium model of investment under uncertainty. Review of Financial Studies 20 5 (2007) 1461-1502
30. Oates W.E., and Schwab R. Economic competition among jurisdictions: efficiency enhancing or distortion inducing?. Journal of Public Economics 35 3 (1988) 333-354
31. Oates W.E., and Schwab R. The theory of regulatory federalism: the case of environmental management. In: Oates W.E. (Ed). The Economics of Environmental Regulation (1996), Edward Elgar, Aldershot, UK 319-331
32. Putnam R. Bowling alone: America's declining social capital. Journal of Democracy 6 1 (1995) 65-78
33. Putnam R., Leonardi R., and Nanetti R. Making Democracy Work: Civic Traditions in Modern Italy (1993), Princeton University Press, Princeton
34. Rangel A. How to protect future generations using tax-base restrictions. American Economic Review 95 1 (2005) 314-346
35. Roper Center for Public Opinion Research, 2001. USMISC2000-SOCCAP. Social Capital Benchmark Survey, 2000 Documentation, Roper Center (Univ. of Connecticut), Storrs.
36. Rossi P., and Weber E. The social benefits of homeownership: empirical evidence from national surveys. Housing Policy Debate 7 (1996) 1-35
37. Rudel T.K. Situations and Strategies in American Land-Use Planning (1989), Cambridge University Press, Cambridge, England
38. Saiz A. On Local Housing Supply Elasticity (2008), Mimeo, University of Pennsylvania
39. Sandler T. Global and regional public goods: a prognosis for collective action. Fiscal Studies 19 3 (1998) 221-247
40. Sonstelie J.C., and Portney P.R. Profit maximizing communities and the theory of local public expenditures. Journal of Urban Economics 5 2 (1978) 263-277
41. Staiger D., and Stock J.H. Instrumental variables regression with weak instruments. Econometrica 65 3 (1997) 557-586
42. Stock J.H., Wright J.H., and Yogo M. A survey of weak instruments and weak identification in generalized methods of moments. Journal of Business & Economic Statistics 20 4 (2002) 518-529
43. Stock J.H., and Yogo M. Testing for weak instruments in linear IV regression. In: Andrews D.W.K., and Stock J.H. (Eds). Identification and Inference for Econometric Models: Essays in Honor of Thomas Rothenberg (2005), Cambridge University Press, Cambridge 80-108
44. Tiebout C.M. A pure theory of local expenditures. Journal of Political Economy 64 5 (1956) 416-424
45. Titman S. Urban land prices under uncertainty. American Economic Review 75 3 (1985) 505-514
46. Wildasin D.E. Local public goods, property values, and local public choice. Journal of Urban Economics 6 4 (1979) 521-534
47. Wooldridge J.M. Econometric Analysis of Cross Section and Panel Data (2002), MIT Press, Cambridge