The Routledge Handbook of Housing Economics brings together an international panel of contributors to present a comprehensive overview of this important field within economics. Housing occupies an increasingly central role in modern society, dominating consumer assets and spending, forming an important part of social policy, and being a large enough market to impact the macroeconomy. This Handbook tackles these themes, along with other critical issues such as intergenerational housing inequality and the efficiency and social justice of housing interventions.
This volume is structured in four main parts. It starts with eight chapters on microeconomics and housing. This is followed by two shorter sections on macroeconomics and finance. The final main part of the book is concerned with eight chapters on policy dimensions. While many of the chapters are rooted in mainstream economics and finance applied to housing, there are also chapters stressing institutional, behavioural and political economy orientations, as well as those that explicitly challenge more mainstream accounts. The contributing authors are based in Europe, North America and Australia and all draw in international literature to provide state of the art reviews of their topics.
This carefully curated Handbook will be essential reading for advanced students, researchers and policy makers in housing economics, urban economics, urban planning, public economics, and real estate economics and finance.
1. Introduction Part I: Micro 2. Neo-classical housing economics and beyond 3. Modelling spatial urban housing markets 4. Behavioural economics and housing 5. Housing and the old and new Institutional economics 6. Housing wealth 7. The housing market, technology and new platforms 8. Aging, wealth and debt and the changing role of housing 9. The economics of homelessness Part II: Macro 10. Understanding the role of new housing supply through macro, micro and behavioural perspectives 11. Housing market liquidity 12. A Missing Perspective in Housing Economics and Policy: Housing and Productivity Housing, productivity and growth at regional and macro scales 13. Current Issues for Housing Finance and the Macro Economy Part III: Finance 14. Economics of mortgage markets 15. Behavioural finance and the housing market 16. The financing of residential development Part IV: Policy 17. Investment appraisal, cost-benefit analysis and housing interventions 18. Housing, taxation and public finance 19. The economics of land use planning and zoning 20. Economics of housing subsidy, social housing and personal (demand-side) subsidies 21. Regulation of the private rented sector: price control and tenant security 22. Climate change and housing 23. The Political economy of housing policy interventions 24. Futures, scenarios and housing strategies