The DOI matches its Crossref record; 12 of the 12 references it cites were found in a registry or an index.
Why Have Housing Prices Gone Up?
Abstract
Since 1950, housing prices have risen regularly by almost two percent per year. Between 1950 and 1970, this increase reflects rising housing quality and construction costs. Since 1970, this increase reflects the increasing difficulty of obtaining regulatory approval for building new homes. In this paper, we present a simple model of regulatory approval that suggests a number of explanations for this change including changing judicial tastes, decreasing ability to bribe regulators, rising incomes and greater tastes for amenities, and improvements in the ability of homeowners to organize and influence local decisions. Our preliminary evidence suggests that there was a significant increase in the ability of local residents to block new projects and a change of cities from urban growth machines to homeowners' cooperatives.
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Cites
The City as a Growth Machine: Toward a Political Economy of Place
Molotch, H. (1976) · American Journal of Sociology · doi:10.1086/226311 · Cited by 2,254
Why Is Manhattan So Expensive? Regulation and the Rise in Housing Prices
Glaeser, E. L., Gyourko, J., & Saks, R. (2005) · The Journal of Law and Economics · doi:10.1086/429979 · Cited by 647
Self-citationThe causes and consequences of land use regulation: Evidence from Greater Boston
Glaeser, E. L., & Ward, B. A. (2009) · Journal of Urban Economics · doi:10.1016/j.jue.2008.06.003 · Cited by 581
Self-citationRecent Changes in U.S. Family Finances: Evidence from the 1998 and 2001 Survey of Consumer Finances
Aizcorbe, A. M., Kennickell, A. B., & Moore, K. B. (2003) · Federal Reserve Bulletin · doi:10.17016/bulletin.2003.89-1 · Cited by 427
Money Illusion and Housing Frenzies
Brunnermeier, M. K., Julliard, C., Goetzmann, W., Lansing, K., Mayer, C., Michaelides, A., Nagel, S., Oehmke, M., Shiller, B., Spiegel, M., et al. (2007) · Cited by 426
An Economic History of Zoning and a Cure for its Exclusionary Effects
Fischel, W. A. (2004) · Urban Studies · doi:10.1080/0042098032000165271 · Cited by 343
“The City as a Growth Machine”
(2012) · The Urban Sociology Reader · doi:10.4324/9780203103333-21 · Cited by 281
The Impact of Building Restrictions on Housing Affordability
Glaeser, E. L., & Gyourko, J. (2003) · RePEc: Research Papers in Economics · Cited by 176
Self-citationWhy Have Housing Prices Gone Up?
Glaeser, E. L., Gyourko, J., & Saks, R. E. (2005) · National Bureau of Economic Research · doi:10.3386/w11129 · Cited by 169
Self-citationThe Impact of Zoning on Housing AffordabilityPreprint
Glaeser, E. L., & Gyourko, J. (2002) · SSRN Electronic Journal · doi:10.2139/ssrn.302388 · Cited by 158
Self-citation
Research works printed but not linked: 4
- 10.2307/795798 · doi:10.2307/795798
- Freund Eric C, 1974, DC: International City Management Association, 277
- Glaeser Edward, 2003, Economic Policy Review, 2, 21
- Glaeser Gyourko, Journal of Law and Economics, 2005
Cited by
The divergence of human capital levels across cities
Berry, C. R., & Glaeser, E. L. (2005) · Papers in Regional Science · doi:10.1111/j.1435-5957.2005.00047.x · Cited by 692
Self-citationWhy has regional income convergence in the U.S. declined?
Ganong, P., & Shoag, D. (2017) · Journal of Urban Economics · doi:10.1016/j.jue.2017.07.002 · Cited by 474
No price like home: global house prices, 1870–2012
Knoll, K., Schularick, M., & Steger, T. (2017) · American Economic Review · doi:10.1257/aer.20150501 · Cited by 467
Lessons from the Great American Real Estate Boom and Bust of the 1920s
White, E. (2009) · National Bureau of Economic Research · doi:10.3386/w15573 · Cited by 110
Metadata
- Authors
- Glaeser, E. L., Gyourko, J., & Saks, R. E.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2005-04-01
- Volume
- 95
- Issue
- 2
- Pages
- 329-333
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W3126101838
- Cited by
- 609
- References
- 12
- FWCI
- 46.04
- Type
- journal article
- Language
- en
- Open access
- closed
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Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
