Details about Joseph Gyourko

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Workplace:	Real Estate Department, Wharton School, University of Pennsylvania, (more information at EDIRC) Finance Department, Wharton School, University of Pennsylvania, (more information at EDIRC)

Access statistics for papers by Joseph Gyourko.

Last updated 2013-01-31. Update your information in the RePEc Author Service.

Short-id: pgy3

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Working Papers

2013

1. Is There Evidence of a Real Estate Collateral Channel Effect on Listed Firm Investment in China?
   NBER Working Papers, National Bureau of Economic Research, Inc
2. Unemloyment and Unobserved Credit Risk in the FHA Single Family Mortgage Insurance Fund
   NBER Working Papers, National Bureau of Economic Research, Inc

2012

3. Land and House Price Measurement in China
   NBER Working Papers, National Bureau of Economic Research, Inc

2011

4. Anatomy of the Beginning of the Housing Boom: U.S. Neighborhoods and Metropolitan Areas, 1993-2009
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
5. Does Gender Matter for Political Leadership? The Case of U.S. Mayors
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
6. Housing Busts and Household Mobility: An Update
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
   Also in Staff Reports, Federal Reserve Bank of New York (2011) View citations (1)
   See also Journal Article in Economic Policy Review (2012)
7. Housing Dynamics
   2011 Meeting Papers, Society for Economic Dynamics View citations (1)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (32)

2010

8. Can Cheap Credit Explain the Housing Boom?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (33)
   See also Chapter (2012)
9. Evaluating Conditions in Major Chinese Housing Markets
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
   See also Journal Article in Regional Science and Urban Economics (2012)

2009

10. Understanding Commercial Real Estate: Just How Different from Housing Is It?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)

2008

11. Arbitrage in Housing Markets
    Working Paper Series, Harvard University, John F. Kennedy School of Government View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (6)
12. Housing Busts and Household Mobility
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
    Also in Staff Reports, Federal Reserve Bank of New York (2008) View citations (7)
    See also Journal Article in Journal of Urban Economics (2010)
13. Housing Supply and Housing Bubbles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (35)
    Also in Scholarly Articles, Harvard University Department of Economics (2008) View citations (42)
    See also Journal Article in Journal of Urban Economics (2008)

2007

14. Do Political Parties Matter? Evidence from U.S. Cities
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)

2006

15. Superstar Cities
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (71)

2005

16. Urban Growth and Housing Supply
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
    Also in Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (2005) View citations (12)
    See also Journal Article in Journal of Economic Geography (2006)
17. Why Have Housing Prices Gone Up?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (80)
    Also in Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (2005) View citations (46)
    See also Journal Article in American Economic Review (2005)

2004

18. The (Un)changing Geographical Distribution of Housing Tax Benefits: 1980 to 2000
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)

2003

19. Urban decline and housing reinvestment: the role of construction costs and the supply side
    Working Papers, Federal Reserve Bank of Philadelphia View citations (4)
20. Using home maintenance and repairs to smooth variable earnings
    Staff Reports, Federal Reserve Bank of New York View citations (2)
    See also Journal Article in The Review of Economics and Statistics (2006)
21. Why is Manhattan So Expensive? Regulation and the Rise in House Prices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    Also in Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (2003) View citations (33)

2002

22. The Impact of Zoning on Housing Affordability
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research View citations (27)
    Also in Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania
    NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (44)

2001

23. The Spatial Distribution of Housing-Related Tax Benefits in the United States
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania
24. Urban Decline and Durable Housing
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (45)
    Also in Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (2001) View citations (26)
    Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania View citations (17)
    See also Journal Article in Journal of Political Economy (2005)

2000

25. Capitalization of federal taxes, the relative price of housing, and urban form: density and sorting effects
    Working Papers, Federal Reserve Bank of Philadelphia View citations (2)
    Also in Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania
    See also Journal Article in Regional Science and Urban Economics (2002)
26. 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, National Bureau of Economic Research, Inc View citations (1)
    Also in Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania View citations (4)
    See also Journal Article in Journal of Public Economics (2004)

1999

27. The Intra-Metropolitan Area Distribution of GSE Mortgage Purchases Made in Support of Low-income Related Goals
    Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania

1998

28. The tax treatment of housing: its effects on bounded and unbounded communities
    Working Papers, Federal Reserve Bank of Philadelphia View citations (3)

1997

29. Does the U.S. tax treatment of housing promote suburbanization and central city decline?
    Working Papers, Federal Reserve Bank of Philadelphia View citations (4)

1992

30. Leasing as a lottery: implications for rational building surges and increasing vacancies
    Working Papers, Federal Reserve Bank of Philadelphia
    See also Journal Article in Real Estate Economics (1993)

1990

31. Local Market and National Components in House Price Appreciation
    University of California at Los Angeles, Anderson Graduate School of Management, Anderson Graduate School of Management, UCLA
    Also in Working Papers, Federal Reserve Bank of Philadelphia (1990)
    See also Journal Article in Journal of Urban Economics (1992)
32. THE RISK AND RETURN CHARACTERISTICS OF STOCK MARKET-BASED REAL ESTATE INDEXES AND THEIR RELATION TO APPRAISAL- BASED RETURNS
    Weiss Center Working Papers, Wharton School - Weiss Center for International Financial Research
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research

1989

33. Public Sector Bargaining and the Local Budgetary Process
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)

1986

34. An Analysis of Public and Private Sector Wages Allowing for Endogenous Choices of Both Government and Union Status
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    See also Journal Article in Journal of Labor Economics (1988)
35. On the Political Economy of Land Value Capitalization and Local Public Sector Rent-Seeking in a Tiebout Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article in Journal of Urban Economics (1989)
36. The Importance of Local Fiscal Conditions in Analyzing Local Labor Markets
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Journal of Political Economy (1989)

Undated

37. A Look at Real Housing Prices and Incomes: Some Implications for Housing Affordability and Quality
    Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania View citations (2)
    See also Journal Article in Economic Policy Review (1999)
38. Access to Homeownership in the United States: The Impact of Changing Perspectives on Constraints to Tenure Choice
    Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania
    Also in Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania
39. Financing New Urbanism
    Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania View citations (2)
40. Financing New Urbanism Projects
    Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania
41. Real Estate Ownership by Non-Real Estate Firms: An Estimate of the Impact on Firm Returns
    Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania View citations (2)
42. Systematic Risk and Diversification in the Equity REIT Market
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (4)
    See also Journal Article in Real Estate Economics (1996)
43. 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, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania
44. 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, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania
45. 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, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania
46. The Price Elasticity of the Demand for Residential Land
    Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania View citations (8)
47. The REIT Vehicle: Its Value Today and in the Future
    Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania
48. The Spatial Distribution of Affordable Home Loan Purchases in Major Metropolitan Areas: Documentation and Analysis
    Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania
49. The Spatial Distribution of Housing-Related Tax Benefits in the United States [2.6MB PDF]
    Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania
50. The Tax Treatment of Housing and Its Effects on Bounded and Unbounded Communities
    Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania
51. What Does the Stock Market Tell Us About Real Estate Returns? (Revised: 11-92)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (3)
52. 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, Wharton School Rodney L. White Center for Financial Research View citations (36)
53. Why Does Anybody Still Live Here?
    Zell/Lurie Center Working Papers, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania

Journal Articles

2012

1. Evaluating conditions in major Chinese housing markets
   Regional Science and Urban Economics, 2012, 42, (3), 531-543
   See also Working Paper (2010)
2. Heterogeneity in Neighborhood-Level Price Growth in the United States, 1993-2009
   American Economic Review, 2012, 102, (3), 134-40 View citations (1)
3. Housing busts and household mobility: an update
   Economic Policy Review, 2012, (Nov), 1-15
   See also Working Paper (2011)

2010

4. Housing busts and household mobility
   Journal of Urban Economics, 2010, 68, (1), 34-45 View citations (20)
   See also Working Paper (2008)

2009

5. Do Political Parties Matter? Evidence from U.S. Cities-super-*
   The Quarterly Journal of Economics, 2009, 124, (1), 399-422 View citations (20)
6. Housing Supply
   Annual Review of Economics, 2009, 1, (1), 295-318 View citations (6)

2008

7. Housing supply and housing bubbles
   Journal of Urban Economics, 2008, 64, (2), 198-217 View citations (46)
   See also Working Paper (2008)
8. The Case against Housing Price Supports
   The Economists' Voice, 2008, 5, (6), 1-8 View citations (2)

2006

9. CONSTRUCTION COSTS AND THE SUPPLY OF HOUSING STRUCTURE
   Journal of Regional Science, 2006, 46, (4), 661-680 View citations (14)
10. Urban growth and housing supply
    Journal of Economic Geography, 2006, 6, (1), 71-89 View citations (30)
    See also Working Paper (2005)
11. Using Home Maintenance and Repairs to Smooth Variable Earnings
    The Review of Economics and Statistics, 2006, 88, (4), 736-747 View citations (4)
    See also Working Paper (2003)

2005

12. Urban Decline and Durable Housing
    Journal of Political Economy, 2005, 113, (2), 345-375 View citations (91)
    See also Working Paper (2001)
13. Why Have Housing Prices Gone Up?
    American Economic Review, 2005, 95, (2), 329-333 View citations (45)
    See also Working Paper (2005)
14. Why Is Manhattan So Expensive? Regulation and the Rise in Housing Prices
    Journal of Law and Economics, 2005, 48, (2), 331-69 View citations (27)

2004

15. Reinvestment in the housing stock: the role of construction costs and the supply side
    Journal of Urban Economics, 2004, 55, (2), 238-256 View citations (8)
16. 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, 2004, 88, (7-8), 1543-1565 View citations (2)
    See also Working Paper (2000)

2003

17. The Spatial Distribution of Housing-Related Ordinary Income Tax Benefits
    Real Estate Economics, 2003, 31, (4), 527-575 View citations (9)
18. The impact of building restrictions on housing affordability
    Economic Policy Review, 2003, (Jun), 21-39 View citations (34)

2002

19. Capitalization of federal taxes, the relative price of housing, and urban form: density and sorting effects
    Regional Science and Urban Economics, 2002, 32, (6), 673-690 View citations (2)
    See also Working Paper (2000)
20. Spatial distribution of affordable home loan purchases in major metropolitan areas: documentation and analysis
    Regional Science and Urban Economics, 2002, 32, (5), 549-589 View citations (1)

1999

21. A look at real housing prices and incomes: some implications for housing affordability and quality
    Economic Policy Review, 1999, (Sep), 63-77 View citations (3)
    See also Working Paper
22. Analyzing the Relationships among Race, Wealth, and Home Ownership in America
    Journal of Housing Economics, 1999, 8, (2), 63-89 View citations (15)

1998

23. Evaluating the Costs of Increased Lending in Low and Negative Growth Local Housing Markets
    Real Estate Economics, 1998, 26, (2), 207-234 View citations (2)
24. The Changing Strength of Socioeconomic Factors Affecting Home Ownership in the United States: 1960-1990
    Scottish Journal of Political Economy, 1998, 45, (4), 466-90
25. The Predictability of Equity REIT Returns
    Journal of Real Estate Research, 1998, 16, (3), 251-268 View citations (8)

1996

26. Analysis of the Changing Influences on Traditional Households' Ownership Patterns
    Journal of Urban Economics, 1996, 39, (3), 318-341 View citations (17)
27. Systematic Risk and Diversification in the Equity REIT Market
    Real Estate Economics, 1996, 24, (4), 493-515 View citations (5)
    See also Working Paper

1993

28. Leasing as a Lottery: Implications for Rational Building Surges and Increasing Vacancies
    Real Estate Economics, 1993, 21, (1), 83-106
    See also Working Paper (1992)

1992

29. Local market and national components in house price appreciation
    Journal of Urban Economics, 1992, 32, (1), 52-69 View citations (3)
    See also Working Paper (1990)
30. What Does the Stock Market Tell Us About Real Estate Returns?
    Real Estate Economics, 1992, 20, (3), 457-485 View citations (41)

1991

31. How accurate are quality-of-life rankings across cities?
    Business Review, 1991, (Mar), 3-14 View citations (2)
32. Impact fees, exclusionary zoning, and the density of new development
    Journal of Urban Economics, 1991, 30, (2), 242-256 View citations (3)
33. The Structure of Local Public Finance and the Quality of Life
    Journal of Political Economy, 1991, 99, (4), 774-806 View citations (115)

1990

34. Measurement problems in quantifying the distributional effects of subsidy programs
    Journal of Urban Economics, 1990, 28, (1), 19-33 View citations (2)
35. Rent controls and rental housing quality: A note on the effects of New York City's old controls
    Journal of Urban Economics, 1990, 27, (3), 398-409 View citations (9)

1989

36. Equity and efficiency aspects of rent control: An empirical study of New York City
    Journal of Urban Economics, 1989, 26, (1), 54-74 View citations (20)
37. Housing wealth, housing finance, and tenure in Korea
    Regional Science and Urban Economics, 1989, 19, (2), 211-234 View citations (1)
38. Local public sector rent-seeking and its impact on local land values
    Regional Science and Urban Economics, 1989, 19, (3), 493-516 View citations (10)
39. On the political economy of land value capitalization and local public sector rent seeking in a Tiebout model
    Journal of Urban Economics, 1989, 26, (2), 152-173 View citations (1)
    See also Working Paper (1986)
40. The Importance of Local Fiscal Conditions in Analyzing Local Labor Markets
    Journal of Political Economy, 1989, 97, (5), 1208-31 View citations (49)
    See also Working Paper (1986)

1988

41. An Analysis of Public- and Private-Sector Wages Allowing for Endogenous Choices of Both Government and Union Status
    Journal of Labor Economics, 1988, 6, (2), 229-53 View citations (19)
    See also Working Paper (1986)

1987

42. Effects of local tax structures on the factor intensity composition of manufacturing activity across cities
    Journal of Urban Economics, 1987, 22, (2), 151-164 View citations (3)

Chapters

2012

1. Can Cheap Credit Explain the Housing Boom?
   A chapter in Housing and the Financial Crisis, 2012 View citations (3)
   See also Working Paper (2010)
2. Discussion of Developing Housing Finance Systems
   A chapter in Property Markets and Financial Stability, 2012
3. Land and Housing Price Measurement in China
   A chapter in Property Markets and Financial Stability, 2012

2010

4. Dispersion in House Price and Income Growth across Markets: Facts and Theories
   A chapter in Agglomeration Economics, 2010, pp 67-104

2004

5. The (Un)Changing Geographical Distrituion of Housing Tax Benefits: 1980-2000
   A chapter in Tax Policy and the Economy, Volume 18, 2004, pp 175-208 View citations (2)

1999

6. Quality of life and environmental comparisons
   Chapter 37 in Handbook of Regional and Urban Economics, 1999, vol. 3, pp 1413-1454 View citations (61)