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Working Papers

Option Value and Storefront Vacancy in New York City

Erica Moszkowski, Daniel Stackman • April 12, 2023

Why do storefronts remain empty for more than a year in some of the world’s highest-rent retail districts? Landlords with vacancies derive option value from two sources of…
Blog

Defining the Generations Redux

George Masnick • February 16, 2017

How should we define the baby boom, Generation X, and the millennial generation? In a Joint Center blog published in 2012, I argued that using 20-year age spans for each…
Blog

What Explains the Uneven Recovery in House Prices?

George Masnick • August 4, 2016

Our latest State of the Nation’s Housing report identifies the upswing in house prices since the Great Recession as one of the bright spots in the overall housing recovery,…