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Volatility of Housing


  • Gorbachev, Olga
  • O’Flaherty, Brendan


The aim of the project is to develop a theoretical framework where homelessness arises due to various economic and social factors that vary over time. The ultimate goal is i) to understand whether homelessness spells, entrances and exits could be predicted and if so what information is necessary; and ii) to design and evaluate a homelessness prevention programme in a changing and uncertain environment. Examples of the questions we want to answer are: Should it be made easier for people to borrow money so that they can get out of homelessness, or will such borrowing allow people to over-consume today and so fall into homelessness tomorrow? Should precautionary savings be encouraged so that people have cushions to withstand future shocks, or will savings just delay entry into homelessness? What interventions will affect the probability of becoming homeless and how will they affect behaviour? How will interventions affect incentives to save and to consume before homelessness prevention programmes kick in?

Suggested Citation

  • Gorbachev, Olga & O’Flaherty, Brendan, 2009. "Volatility of Housing," SIRE Focus Papers 2009-07, Scottish Institute for Research in Economics (SIRE).
  • Handle: RePEc:edn:sirfps:300

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    References listed on IDEAS

    1. Olga Gorbachev, 2011. "Did Household Consumption Become More Volatile?," American Economic Review, American Economic Association, vol. 101(5), pages 2248-2270, August.
    2. Shinn, M. & Weitzman, B.C. & Stojanovic, D. & Knickman, J.R. & Jiménez, L. & Duchon, L. & James, S. & Krantz, D.H., 1998. "Predictors of homelessness among families in New York City: From shelter request to housing stability," American Journal of Public Health, American Public Health Association, vol. 88(11), pages 1651-1657.
    3. O'Flaherty, Brendan & Wu, Ting, 2006. "Fewer subsidized exits and a recession: How New York City's family homeless shelter population became immense," Journal of Housing Economics, Elsevier, vol. 15(2), pages 99-125, June.
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