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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

A City Revival? It Depends on Your Definitions

Rachel Bogardus Drew • August 20, 2015

Every spring, the Census Bureau publishes estimates of the population as of the prior July 1st at the sub-county level (i.e., individual municipalities, incorporated places,…
Blog

3 Facts about Marriage and Homeownership

Rachel Bogardus Drew • December 17, 2014

In conversations about the declining homeownership rate in the U.S., some commentators have pointed to declines in the share of married people as an important contributing…
Blog

Who Doesn’t Want to Own a Home?

Rachel Bogardus Drew • October 28, 2014

In a previous post, I described recent research about drivers of decisions to own homes, with emphasis on the role of behavioral factors. That research confirmed that there…