Document
Document
Research report

Das House Kapital

Université de Fribourg

  • Grossmann, Volker University of Fribourg
  • Larin, Benjamin University of St. Gallen
  • Steger, Thomas Leipzig University
    01.03.2021

67

English The housing wealth-to-income ratio has been increasing in most developed economies since the 1950s. We provide a novel theory to explain this long-term pattern. We show analytically that house prices grow in the steady state if i) the housing sector is more land-intensive than the non-housing sector, or ii) technological progress in the construction sector is weaker than in the non-housing... Show more…
Other electronic version

Faculté SES : http://www.unifr.ch/ses/wp

Language
  • English
Identifiers
  • Local identifier 330545 RERO DOC
Classification
Economics
Faculty
Faculté des sciences économiques et sociales
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License
License undefined
Persistent URL
https://folia.unifr.ch/unifr/documents/309312