Publications

by members of

Real Estate Department
Wharton School of Business
University of Pennsylvania
Philadelphia, Pennsylvania (United States)

Working papers

2009

1. Joseph Gyourko, 2009. "Understanding Commercial Real Estate: Just How Different from Housing Is It?," NBER Working Papers 14708, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

2008

1. Edward L. Glaeser & Joseph Gyourko & Albert Saiz, 2008. "Housing Supply and Housing Bubbles," NBER Working Papers 14193, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
2. Carlino, Gerald A. & Saiz, Albert, 2008. "City Beautiful," IZA Discussion Papers 3778, Institute for the Study of Labor (IZA). [Downloadable!]
3. Gerald A. Carlino & Albert Saiz, 2008. "City Beautiful," Working Papers 08-22, Federal Reserve Bank of Philadelphia. [Downloadable!]
4. Saiz, Albert & Simonsohn, Uri, 2008. "Downloading Wisdom from Online Crowds," IZA Discussion Papers 3809, Institute for the Study of Labor (IZA). [Downloadable!]
5. Glaeser, Edward L. & Gyourko, Joseph, 2008. "Arbitrage in Housing Markets," Working Paper Series rwp08-017, Harvard University, John F. Kennedy School of Government. [Downloadable!]
6. Fernando Ferreira & Joseph Gyourko & Joseph Tracy, 2008. "Housing Busts and Household Mobility," NBER Working Papers 14310, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
7. Fernando Ferreira & Joseph Gyourko & Joseph Tracy, 2008. "Housing busts and household mobility," Staff Reports 350, Federal Reserve Bank of New York. [Downloadable!]

2007

1. Fernando Ferreira & Joseph Gyourko, 2007. "Do Political Parties Matter? Evidence from U.S. Cities," NBER Working Papers 13535, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
2. Edward L. Glaeser & Joseph Gyourko, 2007. "Arbitrage in Housing Markets," NBER Working Papers 13704, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

2006

1. Albert Saiz, 2006. "Immigration and Housing Rents in American Cities," IZA Discussion Papers 2189, Institute for the Study of Labor (IZA). [Downloadable!]
2. Pablo Casas-Arce & Albert Saiz, 2006. "Owning versus leasing: do courts matter?," Working Papers 06-21, Federal Reserve Bank of Philadelphia. [Downloadable!]
3. Albert Saiz & Susan Wachter, 2006. "Immigration and the Neighborhood," IZA Discussion Papers 2503, Institute for the Study of Labor (IZA). [Downloadable!]
4. Albert Saiz & Susan Wachter, 2006. "Immigration and the neighborhood," Working Papers 06-22, Federal Reserve Bank of Philadelphia. [Downloadable!]
5. Joseph Gyourko & Christopher Mayer & Todd Sinai, 2006. "Superstar Cities," NBER Working Papers 12355, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
6. Edward L. Glaeser & Joseph Gyourko, 2006. "Housing Dynamics," NBER Working Papers 12787, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
7. Winston T. H. Koh & Roberto S. Mariano & Andrey Pavlov & Sock Yong Phang & Augustine H. H. Tan & Susan M. Wachter, 2006. "Underpriced Default Spread Exacerbates Market Crashes," Working Papers 12-2006, Singapore Management University, School of Economics. [Downloadable!]

2005

1. Edward L. Glaeser & Joseph Gyourko & Raven Saks, 2005. "Why Have Housing Prices Gone Up?," NBER Working Papers 11129, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
2. Edward L. Glaeser & Joseph Gyourko & Raven E. Saks, 2005. "Urban Growth and Housing Supply," NBER Working Papers 11097, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
3. Edward L. Glaeser & Joseph Gyourko & Raven E. Saks, 2005. "Why Have Housing Prices Gone Up?," Harvard Institute of Economic Research Working Papers 2061, Harvard - Institute of Economic Research. [Downloadable!]
4. Edward L. Glaeser & Joseph Gyourko & Raven E. Saks, 2005. "Urban Growth and Housing Supply," Harvard Institute of Economic Research Working Papers 2062, Harvard - Institute of Economic Research. [Downloadable!]

2004

1. Todd Sinai & Joseph Gyourko, 2004. "The (Un)changing Geographical Distribution of Housing Tax Benefits: 1980 to 2000," NBER Working Papers 10322, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

2003

1. Albert Saiz, 2003. "Immigration and housing rents in American cities," Working Papers 03-12, Federal Reserve Bank of Philadelphia. [Downloadable!]
2. Joseph Gyourko & Albert Saiz, 2003. "Urban decline and housing reinvestment: the role of construction costs and the supply side," Working Papers 03-9, Federal Reserve Bank of Philadelphia. [Downloadable!]
3. Edward L. Glaeser & Albert Saiz, 2003. "The Rise of the Skilled City," NBER Working Papers 10191, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
4. Edward L. Glaeser & Albert Saiz, 2003. "The rise of the skilled city," Working Papers 04-2, Federal Reserve Bank of Philadelphia. [Downloadable!]
5. Edward L. Glaeser & Albert Saiz, 2003. "The Rise of the Skilled City," Harvard Institute of Economic Research Working Papers 2025, Harvard - Institute of Economic Research. [Downloadable!]
6. Joseph Gyourko & Joseph Tracy, 2003. "Using home maintenance and repairs to smooth variable earnings," Staff Reports 168, Federal Reserve Bank of New York. [Downloadable!]
7. Edward L. Glaeser & Joseph Gyourko & Raven Saks, 2003. "Why is Manhattan So Expensive? Regulation and the Rise in House Prices," NBER Working Papers 10124, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
8. Edward L. Glaeser & Joseph Gyourko & Raven Saks, 2003. "Why is Manhattan So Expensive? Regulation and the Rise in House Prices," Harvard Institute of Economic Research Working Papers 2020, Harvard - Institute of Economic Research. [Downloadable!]

2002

1. Albert Saiz & Elena Zoido, 2002. "The returns to speaking a second language," Working Papers 02-16, Federal Reserve Bank of Philadelphia. [Downloadable!]
2. Albert Saiz, 2002. "Democracy to the road: the political economy of potholes," Working Papers 02-17, Federal Reserve Bank of Philadelphia. [Downloadable!]
3. Edward L. Glaeser & Joseph Gyourko, 2002. "The Impact of Zoning on Housing Affordability," NBER Working Papers 8835, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
4. Edward L. Glaeser & Joseph Gyourko, 2002. "The Impact of Zoning on Housing Affordability," Harvard Institute of Economic Research Working Papers 1948, Harvard - Institute of Economic Research. [Downloadable!]
5. Yongheng Deng & Stephen L. Ross & Susan M. Wachter, 2002. "Racial Differences in Homeownership: The Effect of Residential Location," Working papers 2002-05, University of Connecticut, Department of Economics. [Downloadable!]

2001

1. Todd Sinai & Joseph Gyourko, 2001. "The Spatial Distribution of Housing-Related Tax Benefits in the United States," NBER Working Papers 8165, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
2. Edward L. Glaeser & Joseph Gyourko, 2001. "Urban Decline and Durable Housing," NBER Working Papers 8598, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
3. Edward L. Glaeser & Joseph Gyourko, 2001. "Urban Decline and Durable Housing," Harvard Institute of Economic Research Working Papers 1931, Harvard - Institute of Economic Research. [Downloadable!]

2000

1. Ed Glaeser & Jed Kolko & Albert Saiz, 2000. "Consumer City," NBER Working Papers 7790, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
2. Edward L. Glaeser & Jed Kolko & Albert Saiz, 2000. "Consumer City," Harvard Institute of Economic Research Working Papers 1901, Harvard - Institute of Economic Research. [Downloadable!]
3. Todd Sinai & Joseph Gyourko, 2000. "The Asset Price Incidence of Capital Gains Taxes: Evidence from the Taxpayer Relief Act of 1997 and Publicly-Traded Real Estate Firms," NBER Working Papers 7893, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
4. Richard Voith & Joseph Gyourko, 2000. "Capitalization of federal taxes, the relative price of housing, and urban form: density and sorting effects," Working Papers 00-12, Federal Reserve Bank of Philadelphia. [Downloadable!]

1999

1. Joseph Gyourko & Dapeng Hu, 1999. "The Intra-Metropolitan Area Distribution of GSE Mortgage Purchases Made in Support of Low-income Related Goals," Zell/Lurie Center Working Papers 317, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania.
2. Richard J. Herring & Susan Wachter, 1999. "Real Estate Booms and Banking Busts: An International Perspective," Center for Financial Institutions Working Papers 99-27, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
3. Ellen Burchill & William N. Goetzmann & Matthew I. Spiegel & Susan M. Wachter, 1999. "Do Cities and Suburbs Cluster?," Yale School of Management Working Papers ysm115, Yale School of Management. [Downloadable!]

1998

1. Richard Voith & Joseph Gyourko, 1998. "The tax treatment of housing: its effects on bounded and unbounded communities," Working Papers 98-23, Federal Reserve Bank of Philadelphia. [Downloadable!]
2. William N. Goetzmann & Susan M. Wachter, 1998. "Clustering Methods for Real Estate Portfolios," Yale School of Management Working Papers ysm59, Yale School of Management. [Downloadable!]
3. Paul S. Calem & Susan Wachter, 1998. "Community Reinvestment and Credit Risk: Evidence from an Affordable Home Loan Program," Zell/Lurie Center Working Papers 306, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania.
4. Brent W. Ambrose & Steven R. Ehrlich & William T. Hughes & Susan M. Wachter, 1998. "REIT Economies of Scale: Fact or Fiction?," Zell/Lurie Center Working Papers 313, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania.
5. Richard J. Herring & Susan M. Wachter, 1998. "Real Estate Cycles and Banking Crises: An International Perspective," Zell/Lurie Center Working Papers 298, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania.

1997

1. Joseph Gyourko & Richard Voith, 1997. "Does the U.S. tax treatment of housing promote suburbanization and central city decline?," Working Papers 97-13, Federal Reserve Bank of Philadelphia. [Downloadable!]

1996

1. Donald R. Haurin & Patric H. Hendershott & Susan M. Wachter, 1996. "Expected Home Ownership and Real Wealth Accumulation of Youth," NBER Working Papers 5629, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
2. Donald R. Haurin & Patric H. Hendershott & Susan M. Wachter, 1996. "Borrowing Constraints and the Tenure Choice of Young Households," NBER Working Papers 5630, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
3. William N. Goetzmann & Matthew I. Spiegel & Susan M. Wachter, 1996. "Suburbs and Cities," Yale School of Management Working Papers ysm63, Yale School of Management. [Downloadable!]

1995

1. Donald R. Haurin & Susan M. Wachter & Patric H. Hendershott, 1995. "Wealth Accumulation and Housing Choices of Young Households: An Exploratory Investigation," NBER Working Papers 5070, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

1992

1. Joseph Gyourko & Richard Voith, 1992. "Leasing as a lottery: implications for rational building surges and increasing vacancies," Working Papers 92-10, Federal Reserve Bank of Philadelphia.

1991

1. Goetzmann, W.N. & Wachter, S., 1991. "Clustering Methods and Commercial Rents," Papers fb-22, Columbia - Graduate School of Business.

1990

1. Joseph Gyourko & Richard Voith, 1990. "Local market and national components in house price appreciation," Working Papers 90-10, Federal Reserve Bank of Philadelphia.
2. Gyourko, J. & Keim, D.B., 1990. "The Risk And Return Characteristics Of Stock Market-Based Real Estate Indexes And Their Relation To Appraisal- Based Returns," Weiss Center Working Papers 5-90, Wharton School - Weiss Center for International Financial Research.
3. Joseph Gyourko & Richard Voith, 1990. "Local Market and National Components in House Price Appreciation," University of California at Los Angeles, Anderson Graduate School of Management 1184, Anderson Graduate School of Management, UCLA. [Downloadable!]

1989

1. Joseph Gyourko & Joseph Tracy, 1989. "Public Sector Bargaining and the Local Budgetary Process," NBER Working Papers 2915, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

1986

1. Joseph Gyourko & Joseph S. Tracy, 1986. "On the Political Economy of Land Value Capitalization and Local Public Sector Rent-Seeking in a Tiebout Model," NBER Working Papers 1919, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
2. Joseph Gyourko & Joseph Tracy, 1986. "An Analysis of Public and Private Sector Wages Allowing for Endogenous Choices of Both Government and Union Status," NBER Working Papers 1920, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
3. Joseph Gyourko & Joseph S. Tracy, 1986. "The Importance of Local Fiscal Conditions in Analyzing Local Labor Markets," NBER Working Papers 2040, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)

Undated

1. Joseph Gyourko & Witold Rybczynski, . "Financing New Urbanism Projects," Zell/Lurie Center Working Papers 330, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
2. Joseph Gyourko & Todd Sinai, . "The Spatial Distribution of Housing-Related Tax Benefits in the United States [2.6MB PDF]," Zell/Lurie Center Working Papers 332, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
3. Todd Sinai & Joseph Gyourko, . "The Asset Price Incidence of Capital Gains Taxes: Evidence from the Taxpayer Relief Act of 1997 and Publicly-Traded Real Estate Firms," Zell/Lurie Center Working Papers 311, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
4. Joseph Gyourko & Donald B. Keim, . "What Does the Stock Market Tell Us About Real Estate Returns? (Revision of 18-91) (Reprint 030)," Rodney L. White Center for Financial Research Working Papers 11-92, Wharton School Rodney L. White Center for Financial Research.
5. Joseph Gyourko & Asuka Nakahara, . "The Impact of New Information Technologies on the Commercial Brokerage Industry: Phase I: What Is at Stake? Estimation of the Revenue Flow to the Office and Industrial Brokerage Sectors," Zell/Lurie Center Working Papers 376, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
6. Joseph Gyourko & Dapeng Hu, . "The Spatial Distribution of Affordable Home Loan Purchases in Major Metropolitan Areas: Documentation and Analysis," Zell/Lurie Center Working Papers 333, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
7. Joseph Gyourko & Asuka Nakahara, . "The Impact of New Information Technologies on the Commercial Brokerage Industry: Phase III: What Does New Information Technology Make Possible and Under What Conditions Will Changes Occur?," Zell/Lurie Center Working Papers 378, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
8. Joseph Gyourko, . "Access to Homeownership in the United States: The Impact of Changing Perspectives on Constraints to Tenure Choice," Zell/Lurie Center Working Papers 400, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
9. Joseph Gyourko, . "Why Does Anybody Still Live Here?," Zell/Lurie Center Working Papers 417, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
10. Edward L. Glaeser & Joseph Gyourko, . "Urban Decline and Durable Housing," Zell/Lurie Center Working Papers 382, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
11. Joseph Gyourko & Donald B. Keim, . "What Does the Stock Market Tell Us About Real Estate Returns? (Revised: 11-92)," Rodney L. White Center for Financial Research Working Papers 18-91, Wharton School Rodney L. White Center for Financial Research.
12. Joseph Gyourko & Richard Voith, . "The Tax Treatment of Housing and Its Effects on Bounded and Unbounded Communities," Zell/Lurie Center Working Papers 314, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
13. Joseph Gyourko & Richard Voith, . "The Price Elasticity of the Demand for Residential Land," Zell/Lurie Center Working Papers 329, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
14. Joseph Gyourko & Todd Sinai, . "The REIT Vehicle: Its Value Today and in the Future," Zell/Lurie Center Working Papers 309, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
15. Joseph Gyourko & Asuka Nakahara, . "The Impact of New Information Technologies on the Commercial Brokerage Industry: Phase II: E-Business Initiatives in the Commercial Brokerage and Listing Space," Zell/Lurie Center Working Papers 377, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
16. Joseph Gyourko, . "Access to Homeownership in the United States:The Impact of Changing Perspectives on Constraints to Tenure Choice," Zell/Lurie Center Working Papers 381, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
17. Joseph Gyourko & Edward Nelling, . "Systematic Risk and Diversification in the Equity REIT Market," Rodney L. White Center for Financial Research Working Papers 11-94, Wharton School Rodney L. White Center for Financial Research.
18. Joseph Gyourko & Donald B. Keim, . "The Risk and Return Characteristics of Stock Market-Based Real Estate Indexes and Their Relation to Appraisal-Based Returns," Rodney L. White Center for Financial Research Working Papers 05-90, Wharton School Rodney L. White Center for Financial Research.
19. Joseph Gyourko & Joseph Tracy, . "A Look at Real Housing Prices and Incomes: Some Implications for Housing Affordability and Quality," Zell/Lurie Center Working Papers 324, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
20. Joseph Gyourko & Donald B. Keim, . "The Risk and Return Characteristics of Stock Market-Based Real Estate Indexes and Their Relation to Appraisal-Based Returns," Rodney L. White Center for Financial Research Working Papers 5-90, Wharton School Rodney L. White Center for Financial Research.
21. Yongheng Deng & Joseph Gyourko, . "Real Estate Ownership by Non-Real Estate Firms: An Estimate of the Impact on Firm Returns," Zell/Lurie Center Working Papers 321, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
22. Joseph Gyourko & Witold Rybczynski, . "Financing New Urbanism," Zell/Lurie Center Working Papers 369, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
23. Richard Voith & Joseph Gyourko, . "Capitalization of Federal Taxes, the Relative Price of Housing, and Urban Form: Density and Sorting Effects," Zell/Lurie Center Working Papers 366, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
24. Joseph Gyourko & Todd Sinai, . "The Spatial Distribution of Housing-Related Tax Benefits in the United States," Zell/Lurie Center Working Papers 399, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
25. Edward L. Glaeser & Joseph Gyourko, . "The Impact of Zoning on Housing Affordability," Zell/Lurie Center Working Papers 395, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
26. Andrey Pavlov & Susan Wachter, . "Robbing the Bank: Non-recourse Lending and Asset Prices," Zell/Lurie Center Working Papers 408, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
27. Irina Barakova & Raphael Bostic & Paul Calem & Susan Wachter, . "Does Credit Quality Matter for Homeownership?," Zell/Lurie Center Working Papers 410, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
28. Paul S. Calem & Kevin Gillen & Susan Wachter, . "The Neighborhood Distribution of Subprime Mortgage Lending," Zell/Lurie Center Working Papers 404, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
29. Joseph Ferreira & Andrew Reamer & Susan Wachter, . "Managing Metropolitan Futures: The Role of Information Intermediaries," Zell/Lurie Center Working Papers 409, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
30. Roberto G. Quercia & George W. McCarthy & Susan M. Wachter, . "The Impacts Of Affordable Lending Efforts On Homeownership Rates," Zell/Lurie Center Working Papers 405, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
31. Michael H. Schill & Susan M. Wachter, . "A Tale of Two Cities: Racial and Ethnic Geographic Disparities in Home Mortgage Lending in Boston and Philadelphia," Rodney L. White Center for Financial Research Working Papers 16-93, Wharton School Rodney L. White Center for Financial Research.
32. Michael H. Schill & Susan M. Wachter, . "The Future of Public Housing," Zell/Lurie Center Working Papers 289, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
33. Roberto G. Quercia & George W. McCarthy & Susan M. Wachter, . "The Impacts of Affordable Lending Efforts on Home Ownership Rates," Zell/Lurie Center Working Papers 304, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
34. Kevin Gillen & Thomas Thibodeau & Susan Wachter, . "Anistropic Autocorrelation in House Prices," Zell/Lurie Center Working Papers 383, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
35. Richard Herring & Susan Wachter, . "Bubbles in Real Estate Markets," Zell/Lurie Center Working Papers 402, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
36. Chang Moo-Lee & Dennis P. Culhane & Susan M. Wachter, . "The Differential Impacts of Federally Assisted Housing Programs on Nearby Property Values: A Philadelphia Case Study," Zell/Lurie Center Working Papers 316, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
37. Stephen Malpezzi & Susan M. Wachter, . "The Role of Speculation in Real Estate Cycles," Zell/Lurie Center Working Papers 401, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
38. William H. Carter & Michael H. Schill & Susan M. Wachter, . "Polarization and Public Housing in the United States," Zell/Lurie Center Working Papers 308, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
39. Susan M. Wachter, . "The Inflationary Impact of Excess Demand in Agriculture," Rodney L. White Center for Financial Research Working Papers 16-74, Wharton School Rodney L. White Center for Financial Research.
40. Benjamin P. Scafidi & Michael H. Schill & Susan M. Wachter, . "An Economic Analysis of Housing Abandonment," Zell/Lurie Center Working Papers 307, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)
41. Yongheng Deng & Stephen L. Ross & Susan M. Wachter, . "Employment Access, Residential Location and Homeownership," Zell/Lurie Center Working Papers 320, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania. [Downloadable!] (restricted)

Journal articles

2009

1. Fernando Ferreira & Joseph Gyourko, 2009. "Do Political Parties Matter? Evidence from U.S. Cities-super-," The Quarterly Journal of Economics, MIT Press, vol. 124(1), pages 399-422, February. [Downloadable!] (restricted)
2. Andrey Pavlov & Susan Wachter, 2009. "Mortgage Put Options and Real Estate Markets," The Journal of Real Estate Finance and Economics, Springer, vol. 38(1), pages 89-103, January. [Downloadable!] (restricted)

2008

1. Glaeser, Edward L. & Gyourko, Joseph & Saiz, Albert, 2008. "Housing supply and housing bubbles," Journal of Urban Economics, Elsevier, vol. 64(2), pages 198-217, September. [Downloadable!] (restricted)
2. Bostic, Raphael W. & Engel, Kathleen C. & McCoy, Patricia A. & Pennington-Cross, Anthony & Wachter, Susan M., 2008. "State and local anti-predatory lending laws: The effect of legal enforcement mechanisms," Journal of Economics and Business, Elsevier, vol. 60(1-2), pages 47-66. [Downloadable!] (restricted)
3. Susan M. Wachter & Kevin C. Gillen & Carolyn R. Brown, 2008. "Green investment strategies: a positive force in cities," Communities and Banking, Federal Reserve Bank of Boston, issue Spr, pages 24-27. [Downloadable!]
4. Susan M. Wachter & Grace Wong, 2008. "What Is a Tree Worth? Green-City Strategies, Signaling and Housing Prices," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 36(2), pages 213-239, 06. [Downloadable!] (restricted)
5. Green, Richard & Sanders, Anthony B. & Wachter, Susan, 2008. "Special issue on subprime mortgage lending," Journal of Housing Economics, Elsevier, vol. 17(4), pages 253-253, December. [Downloadable!] (restricted)

2007

1. Saiz, Albert, 2007. "Immigration and housing rents in American cities," Journal of Urban Economics, Elsevier, vol. 61(2), pages 345-371, March. [Downloadable!] (restricted)
2. Richard K. Green & Susan M. Wachter, 2007. "The housing finance revolution," Proceedings, Federal Reserve Bank of Kansas City, pages 21-67. [Downloadable!]

2006

1. Saiz, Albert, 2006. "Dictatorships and highways," Regional Science and Urban Economics, Elsevier, vol. 36(2), pages 187-206, March. [Downloadable!] (restricted)
2. Joseph Gyourko & Albert Saiz, 2006. "Construction Costs And The Supply Of Housing Structure," Journal of Regional Science, Blackwell Publishing, vol. 46(4), pages 661-680. [Downloadable!] (restricted)
3. Edward L. Glaeser & Joseph Gyourko & Raven E. Saks, 2006. "Urban growth and housing supply," Journal of Economic Geography, Oxford University Press, vol. 6(1), pages 71-89, January. [Downloadable!] (restricted)
4. Joseph Gyourko & Joseph Tracy, 2006. "Using Home Maintenance and Repairs to Smooth Variable Earnings," The Review of Economics and Statistics, MIT Press, vol. 88(4), pages 736-747, October. [Downloadable!] (restricted)
5. Andrey Pavlov & Susan M. Wachter, 2006. "The Inevitability of Marketwide Underpricing of Mortgage Default Risk," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 34(4), pages 479-496, December. [Downloadable!] (restricted)

2005

1. Albert Saiz & Elena Zoido, 2005. "Listening to What the World Says: Bilingualism and Earnings in the United States," The Review of Economics and Statistics, MIT Press, vol. 87(3), pages 523-538, 01. [Downloadable!] (restricted)
2. Edward L. Glaeser & Joseph Gyourko, 2005. "Urban Decline and Durable Housing," Journal of Political Economy, University of Chicago Press, vol. 113(2), pages 345-375, April.
3. Glaeser, Edward L & Gyourko, Joseph & Saks, Raven, 2005. "Why Is Manhattan So Expensive? Regulation and the Rise in Housing Prices," Journal of Law & Economics, University of Chicago Press, vol. 48(2), pages 331-69, October.
4. Edward L. Glaeser & Joseph Gyourko & Raven E. Saks, 2005. "Why Have Housing Prices Gone Up?," American Economic Review, American Economic Association, vol. 95(2), pages 329-333, May. [Downloadable!]
5. Koh, Winston T.H. & Mariano, Roberto S. & Pavlov, Andrey & Phang, Sock Yong & Tan, Augustine H.H. & Wachter, Susan M., 2005. "Bank lending and real estate in Asia: market optimism and asset bubbles," Journal of Asian Economics, Elsevier, vol. 15(6), pages 1103-1118, January. [Downloadable!] (restricted)
6. Wachter, Susan M., 2005. "Comment on "Resolving large financial intermediaries: Banks versus housing enterprises" by Eisenbeis et al," Journal of Financial Stability, Elsevier, vol. 1(3), pages 447-450, April. [Downloadable!] (restricted)
7. Jonathan Hershaff & Karl Russo & Susan M. Wachter, 2005. "Subprime lending: neighborhood patterns over time," Proceedings, Federal Reserve Bank of Chicago, issue Apr. [Downloadable!]
8. Richard K. Green & Susan M. Wachter, 2005. "The American Mortgage in Historical and International Context," Journal of Economic Perspectives, American Economic Association, vol. 19(4), pages 93-114, Fall. [Downloadable!] (restricted)

2004

1. Gyourko, Joseph & Saiz, Albert, 2004. "Reinvestment in the housing stock: the role of construction costs and the supply side," Journal of Urban Economics, Elsevier, vol. 55(2), pages 238-256, March. [Downloadable!] (restricted)
2. Saiz, Albert & Zoido, Elena, 2004. "Curriculum mandates and skills in adulthood: the case of foreign languages," Economics Letters, Elsevier, vol. 84(1), pages 1-8, July. [Downloadable!] (restricted)
3. Sinai, Todd & Gyourko, Joseph, 2004. "The asset price incidence of capital gains taxes: evidence from the Taxpayer Relief Act of 1997 and publicly-traded real estate firms," Journal of Public Economics, Elsevier, vol. 88(7-8), pages 1543-1565, July. [Downloadable!] (restricted)
4. Andrey Pavlov & Susan Wachter, 2004. "Robbing the Bank: Non-recourse Lending and Asset Prices," The Journal of Real Estate Finance and Economics, Springer, vol. 28(2_3), pages 147-160, 03. [Downloadable!]
5. Paul S. Calem & Kevin Gillen & Susan Wachter, 2004. "The Neighborhood Distribution of Subprime Mortgage Lending," The Journal of Real Estate Finance and Economics, Springer, vol. 29(4), pages 393-410, December. [Downloadable!]

2003

1. Albert Saiz, 2003. "The impact of immigration on American cities: an introduction to the issues," Business Review, Federal Reserve Bank of Philadelphia, issue Q4, pages 14-23. [Downloadable!]
2. Albert Saiz, 2003. "Room in the Kitchen for the Melting Pot: Immigration and Rental Prices," The Review of Economics and Statistics, MIT Press, vol. 85(3), pages 502-521, 05. [Downloadable!] (restricted)
3. Edward L. Glaeser & Joseph Gyourko, 2003. "The impact of building restrictions on housing affordability," Economic Policy Review, Federal Reserve Bank of New York, issue Jun, pages 21-39. [Downloadable!]
4. Joseph Gyourko & Todd Sinai, 2003. "The Spatial Distribution of Housing-Related Ordinary Income Tax Benefits," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 31(4), pages 527-575, December. [Downloadable!] (restricted)
5. Barakova, Irina & Bostic, Raphael W. & Calem, Paul S. & Wachter, Susan M., 2003. "Does credit quality matter for homeownership?," Journal of Housing Economics, Elsevier, vol. 12(4), pages 318-336, December. [Downloadable!] (restricted)
6. Susan M. Wachter, 2003. "Commentary," Economic Policy Review, Federal Reserve Bank of New York, issue Jun, pages 167-168. [Downloadable!]
7. Quercia, Roberto G. & McCarthy, George W. & Wachter, Susan M., 2003. "The impacts of affordable lending efforts on homeownership rates," Journal of Housing Economics, Elsevier, vol. 12(1), pages 29-59, March. [Downloadable!] (restricted)
8. Deng, Yongheng & Ross, Stephen L. & Wachter, Susan M., 2003. "Racial differences in homeownership: the effect of residential location," Regional Science and Urban Economics, Elsevier, vol. 33(5), pages 517-556, September. [Downloadable!] (restricted)

2002

1. Gyourko, Joseph & Hu, Dapeng, 2002. "Spatial distribution of affordable home loan purchases in major metropolitan areas: documentation and analysis," Regional Science and Urban Economics, Elsevier, vol. 32(5), pages 549-589, September. [Downloadable!] (restricted)
2. Voith, Richard & Gyourko, Joseph, 2002. "Capitalization of federal taxes, the relative price of housing, and urban form: density and sorting effects," Regional Science and Urban Economics, Elsevier, vol. 32(6), pages 673-690, November. [Downloadable!] (restricted)
3. Gabriel, Stuart & Pollakowski, Henry O. & Wachter, Susan, 2002. "Special issue on housing policy," Journal of Housing Economics, Elsevier, vol. 11(3), pages 183-186, September. [Downloadable!] (restricted)

2001

1. Edward L. Glaeser, Jed Kolko, and Albert Saiz, 2001. "Consumer city," Journal of Economic Geography, Oxford University Press, vol. 1(1), pages 27-50, January.
2. Gillen, Kevin & Thibodeau, Thomas & Wachter, Susan, 2001. "Anisotropic Autocorrelation in House Prices," The Journal of Real Estate Finance and Economics, Springer, vol. 23(1), pages 5-30, July. [Downloadable!] (restricted)

1999

1. Joseph Gyourko & Joseph Tracy, 1999. "A look at real housing prices and incomes: some implications for housing affordability and quality," Economic Policy Review, Federal Reserve Bank of New York, issue Sep, pages 63-77. [Downloadable!]
2. Gyourko, Joseph & Linneman, Peter & Wachter, Susan, 1999. "Analyzing the Relationships among Race, Wealth, and Home Ownership in America," Journal of Housing Economics, Elsevier, vol. 8(2), pages 63-89, June. [Downloadable!] (restricted)
3. Paul S. Calem & Susan M. Wachter, 1999. "Community Reinvestment and Credit Risk: Evidence from an Affordable-Home-Loan Program," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 27(1), pages 105-134. [Downloadable!] (restricted)

1998

1. Gyourko, Joseph, 1998. "The Changing Strength of Socioeconomic Factors Affecting Home Ownership in the United States: 1960-1990," Scottish Journal of Political Economy, Scottish Economic Society, vol. 45(4), pages 466-90, September. [Downloadable!] (restricted)
2. Edward Nelling & Joseph Gyourko, 1998. "The Predictability of Equity REIT Returns," Journal of Real Estate Research, American Real Estate Society, vol. 16(3), pages 251-268. [Downloadable!]
3. Fang-xiong Gong & Joseph Gyourko, 1998. "Evaluating the Costs of Increased Lending in Low and Negative Growth Local Housing Markets," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 26(2), pages 207-234. [Downloadable!] (restricted)
4. Ling, David C. & Wachter, Susan M., 1998. "Information Externalities and Home Mortgage Underwriting," Journal of Urban Economics, Elsevier, vol. 44(3), pages 317-332, November. [Downloadable!] (restricted)
5. Scafidi, Benjamin P. & Schill, Michael H. & Wachter, Susan M. & Culhane, Dennis P., 1998. "An Economic Analysis of Housing Abandonment," Journal of Housing Economics, Elsevier, vol. 7(4), pages 287-303, December. [Downloadable!] (restricted)

1997

1. Susan Wachter, 1997. "Discrimination in Financial Services: What Do We Know?," Journal of Financial Services Research, Springer, vol. 11(1), pages 205-208, February. [Downloadable!] (restricted)
2. Linneman, Peter & Megbolugbe, Isaac F. & Wachter, Susan M. & Cho, Man, 1997. "Do Borrowing Constraints Change U.S. Homeownership Rates?," Journal of Housing Economics, Elsevier, vol. 6(4), pages 318-333, December. [Downloadable!] (restricted)
3. Case, Bradford & Pollakowski, Henry O & Wachter, Susan M, 1997. "Frequency of Transaction and House Price Modeling," The Journal of Real Estate Finance and Economics, Springer, vol. 14(1-2), pages 173-87, Jan.-Marc. [Downloadable!] (restricted)

1996

1. Gyourko, Joseph & Linneman, Peter, 1996. "Analysis of the Changing Influences on Traditional Households' Ownership Patterns," Journal of Urban Economics, Elsevier, vol. 39(3), pages 318-341, May. [Downloadable!] (restricted)
2. Joseph Gyourko & Edward Nelling, 1996. "Systematic Risk and Diversification in the Equity REIT Market," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 24(4), pages 493-515. [Downloadable!] (restricted)

1995

1. William N. Goetzmann & Susan M. Wachter, 1995. "Clustering Methods for Real Estate Portfolios," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 23(3), pages 271-310. [Downloadable!] (restricted)

1994

1. Michael H. Schill & Susan M. Wachter, 1994. "Borrower and neighborhood racial and income characteristics and financial institution mortgage application screening," Proceedings, Federal Reserve Bank of Philadelphia, pages 223-243.
2. Schill, Michael H & Wachter, Susan M, 1994. "Borrower and Neighborhood Racial and Income Characteristics and Financial Institution Mortgage Application Screening," The Journal of Real Estate Finance and Economics, Springer, vol. 9(3), pages 223-39, November.
3. Abraham, Jesse M. & Goetzmann, William N. & Wachter, Susan M., 1994. "Homogeneous Groupings of Metropolitan Housing Markets," Journal of Housing Economics, Elsevier, vol. 3(3), pages 186-206, September. [Downloadable!] (restricted)

1993

1. Joseph Gyourko & Richard Voith, 1993. "Leasing as a Lottery: Implications for Rational Building Surges and Increasing Vacancies," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 21(1), pages 83-106. [Downloadable!] (restricted)

1992

1. Gyourko, Joseph & Voith, Richard, 1992. "Local market and national components in house price appreciation," Journal of Urban Economics, Elsevier, vol. 32(1), pages 52-69, July. [Downloadable!] (restricted)
2. Joseph Gyourko & Donald B. Keim, 1992. "What Does the Stock Market Tell Us About Real Estate Returns?," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 20(3), pages 457-485. [Downloadable!] (restricted)
3. Henry O. Pollakowski & Susan M. Wachter & Lloyd Lynford, 1992. "Did Office Market Size Matter in the 1980s? A Time-Series Cross-Sectional Analysis of Metropolitan Area Office Markets," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 20(2), pages 302-324. [Downloadable!] (restricted)

1991

1. Gyourko, Joseph & Tracy, Joseph, 1991. "The Structure of Local Public Finance and the Quality of Life," Journal of Political Economy, University of Chicago Press, vol. 99(4), pages 774-806, August. [Downloadable!] (restricted)
2. Joseph Gyourko, 1991. "How accurate are quality-of-life rankings across cities?," Business Review, Federal Reserve Bank of Philadelphia, issue Mar, pages 3-14. [Downloadable!]
3. Gyourko, Joseph, 1991. "Impact fees, exclusionary zoning, and the density of new development," Journal of Urban Economics, Elsevier, vol. 30(2), pages 242-256, September. [Downloadable!] (restricted)
4. Bradford Case & Henry O. Pollakowski & Susan M. Wachter, 1991. "On Choosing Among House Price Index Methodologies," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 19(3), pages 286-307. [Downloadable!] (restricted)

1990

1. Gyourko, Joseph & Linneman, Peter, 1990. "Rent controls and rental housing quality: A note on the effects of New York City's old controls," Journal of Urban Economics, Elsevier, vol. 27(3), pages 398-409, May. [Downloadable!] (restricted)
2. Gyourko, Joseph & Linneman, Peter, 1990. "Measurement problems in quantifying the distributional effects of subsidy programs," Journal of Urban Economics, Elsevier, vol. 28(1), pages 19-33, July. [Downloadable!] (restricted)
3. Henry O. Pollakowski & Susan M. Wachter, 1990. "The Effects of Land-Use Constraints on Housing Prices," Land Economics, University of Wisconsin Press, vol. 66(3), pages 315-324. [Downloadable!] (restricted)

1989

1. Gyourko, Joseph & Tracy, Joseph, 1989. "The Importance of Local Fiscal Conditions in Analyzing Local Labor Markets," Journal of Political Economy, University of Chicago Press, vol. 97(5), pages 1208-31, October. [Downloadable!] (restricted)
2. Gyourko, Joseph & Han, Jaehye Kim, 1989. "Housing wealth, housing finance, and tenure in Korea," Regional Science and Urban Economics, Elsevier, vol. 19(2), pages 211-234, May. [Downloadable!] (restricted)
3. Gyourko, Joseph & Linneman, Peter, 1989. "Equity and efficiency aspects of rent control: An empirical study of New York City," Journal of Urban Economics, Elsevier, vol. 26(1), pages 54-74, July. [Downloadable!] (restricted)
4. Gyourko, Joseph & Tracy, Joseph, 1989. "On the political economy of land value capitalization and local public sector rent seeking in a Tiebout model," Journal of Urban Economics, Elsevier, vol. 26(2), pages 152-173, September. [Downloadable!] (restricted)
5. Gyourko, Joseph & Tracy, Joseph, 1989. "Local public sector rent-seeking and its impact on local land values," Regional Science and Urban Economics, Elsevier, vol. 19(3), pages 493-516, August. [Downloadable!] (restricted)
6. Peter Linneman & Susan Wachter, 1989. "The Impacts of Borrowing Constraints on Homeownership," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 17(4), pages 389-402. [Downloadable!] (restricted)

1988

1. Gyourko, Joseph & Tracy, Joseph, 1988. "An Analysis of Public- and Private-Sector Wages Allowing for Endogenous Choices of Both Government and Union Status," Journal of Labor Economics, University of Chicago Press, vol. 6(2), pages 229-53, April. [Downloadable!] (restricted)

1987

1. Gyourko, Joseph, 1987. "Effects of local tax structures on the factor intensity composition of manufacturing activity across cities," Journal of Urban Economics, Elsevier, vol. 22(2), pages 151-164, September. [Downloadable!] (restricted)

Chapters

2005

1. Bradford Case & Susan Wachter, 2005. "Residential real estate price indices as financial soundness indicators: methodological issues," BIS Papers chapters, in: Bank for International Settlements (ed.), Real estate indicators and financial stability, volume 21, pages 197-211 Bank for International Settlements. [Downloadable!]

2004

1. Todd Sinai & Joseph Gyourko, 2004. "The (Un)Changing Geographical Distrituion of Housing Tax Benefits: 1980-2000," NBER Chapters, in: Tax Policy and the Economy, Volume 18, pages 175-208 National Bureau of Economic Research, Inc. [Downloadable!]

1999

1. Gyourko, Joseph & Kahn, Matthew & Tracy, Joseph, 1999. "Quality of life and environmental comparisons," Handbook of Regional and Urban Economics, in: P. C. Cheshire & E. S. Mills (ed.), Handbook of Regional and Urban Economics, edition 1, volume 3, chapter 37, pages 1413-1454 Elsevier. [Downloadable!] (restricted)

1979

1. Susan M. Wachter, 1979. "Structuralism vs. Monetarism: Inflation in Chile," NBER Chapters, in: Short-Term Macroeconomic Policy in Latin America, pages 227-256 National Bureau of Economic Research, Inc. [Downloadable!]

1975

1. Susan M. Wachter, 1975. "Comment on "Housing Policy, Subprime Mortgage Policy, and the Federal Housing Administration"," NBER Chapters, in: Measuring and Managing Federal Financial Risk National Bureau of Economic Research, Inc. [Downloadable!]

This page was last updated on 2009-12-2.