How do climate risk beliefs affect coastal housing markets? This paper provides theoretical
and empirical evidence. First, we build a dynamic housing market model and show that …

Chinese housing prices rose by over 10 percent per year in real terms between 2003 and
2014 and are now between two and ten times higher than the construction cost of …

ABSTRACT We revisit La Porta's finding that returns on stocks with the most optimistic
analyst long‐term earnings growth forecasts are lower than those on stocks with the most …

Floods and other climate hazards pose a widespread and growing threat to housing and
infrastructure around the world. By reflecting climate risk in prices, markets can discourage …

Behavioral finance tries to make sense of financial data using models that are based on
psychologically accurate assumptions about people's beliefs, preferences, and cognitive …

We study how the recent national housing boom and bust affected college enrollment and
attainment during the 2000s. We exploit cross-city variation in local housing booms, and use …

Home price expectations are believed to play an important role in housing dynamics, yet we
have limited understanding of how they are formed and how they affect behaviour. Using a …

The role of real estate during the global financial and economic crisis has prompted efforts to
better incorporate housing and financial channels into macro models, improve housing …

Household financial decisions are complex, interdependent, and heterogeneous, and
central to the functioning of the financial system. We present an overview of the rapidly …

How do climate risk beliefs affect coastal housing markets? This paper provides theoretical
and empirical evidence. First, we build a dynamic housing market model and show that …