12 Jul 2024
by Jim Rose
in applied price theory, applied welfare economics, comparative institutional analysis, economic history, economics of regulation, income redistribution, law and economics, politics - USA, property rights, Public Choice, regulation, rentseeking, urban economics
Tags: housing affordability, land supply, zoning
Here is one excerpt: What few appreciate is that the overregulation of housing has blocked a classic American path: moving to a higher-wage part of the country to secure a better life. A paper by the economists Peter Ganong and Daniel Shoag shows that housing costs now routinely outweigh wage gains: While janitors and waiters do indeed […]
Bryan Caplan on YIMBY in the NYT
11 Jul 2024
by Jim Rose
in applied price theory, econometerics, economic history, economics of regulation, environmental economics, income redistribution, Public Choice, rentseeking, urban economics
Tags: housing affordability, land supply, zoning
From a new working paper “The Price of Housing in the United States, 1890-2006” by Ronan C. Lyons, Allison Shertzer, Rowena Gray & David N. Agorastos (emphasis added): “Zoning was adopted by almost every city in our sample during the 1920s. We see a slightly steeper gradient over the next two periods (coefficients of .48 […]
Zoning Matters for Rising Housing Costs, Especially After 1980
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