Capabilities, Competition and Innovation Seminars
Leverage Regulation and Housing Inequality
Nicola Pavanini (Tilburg University)
Thursday 21 November 2024 13:45 - 15:00
MAR 6.33, 6th floor, The Marshall Building, 44 Lincoln's Inn Fields, London WC2A 3LY
About this event
We estimate an equilibrium model of housing demand and supply, quantifying the distributional effects of leverage regulation on mobility and access to high-quality housing. We match the population of households in Norway in 2010-2018, with demographic and financial characteristics, to the universe of housing transactions. Our model features households’ dynamic renting and owning choices, investors’ housing portfolio rebalancing, and equilibrium pricing. We recover households’ willingness to pay for housing quality and moving costs. Our counterfactuals quantify the regressive effects of tighter loan-to-income (LTI) limits, documenting how these depend on household preferences and can be offset with housing subsidies
Participants are expected to adhere to the CEP Events Code of Conduct.
Directions
This event will take place in MAR 6.33, 6th floor, The Marshall Building, 44 Lincoln's Inn Fields, London WC2A 3LY.
The building is labelled MAR on the LSE campus map. You can also find us on Google Maps. For further information, go to contact us.This series is part of the CEP's Growth programme.