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Essays on Mortgage and Housing Markets.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Essays on Mortgage and Housing Markets./
Author:	Reher, Michael.
Description:	1 online resource (254 pages)
Notes:	Source: Dissertations Abstracts International, Volume: 82-06, Section: A.
Contained By:	Dissertations Abstracts International82-06A.
Subject:	Finance. -
Online resource:	click for full text (PQDT)
ISBN:	9798684634369

Essays on Mortgage and Housing Markets.
Reher, Michael.

Essays on Mortgage and Housing Markets. - 1 online resource (254 pages)

Source: Dissertations Abstracts International, Volume: 82-06, Section: A.

Thesis (Ph.D.)--Harvard University, 2019.

Includes bibliographical references

This dissertation consists of three essays that investigate the relationship between financial intermediaries, households, and real activity. In the first chapter, Pedro Gete and I show how reductions in the supply of mortgage credit increase rent growth and lower homeownership rates. We identify the effect using geographic variation in exposure to a regulation-induced contraction in bank lending. The second chapter, also joint with Pedro Gete, shows how a regulation-induced increase in the liquidity of mortgage-backed securities lowers shadow banks' lending standards and thus raises their market share. In the third chapter, I show that greater supply of financing for residential improvement projects has increased rental housing quality during a period when quality accounts for a significant share of real rent growth. I arrive at this finding by studying two natural experiments that increase the supply of bank credit and private equity financing for residential improvement projects. A common conclusion throughout these three essays is that financial intermediaries affect households and real activity through the market for real estate financing.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9798684634369Subjects--Topical Terms:

559073
Finance.
Subjects--Index Terms:

Financial intermediariesIndex Terms--Genre/Form:

554714
Electronic books.

Essays on Mortgage and Housing Markets.
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500 $a Source: Dissertations Abstracts International, Volume: 82-06, Section: A.
500 $a Advisor: Campbell, John Y.;Glaeser, Edward;Chodorow-Reich, Gabriel;Hanson, Samuel G.
502 $a Thesis (Ph.D.)--Harvard University, 2019.
504 $a Includes bibliographical references
520 $a This dissertation consists of three essays that investigate the relationship between financial intermediaries, households, and real activity. In the first chapter, Pedro Gete and I show how reductions in the supply of mortgage credit increase rent growth and lower homeownership rates. We identify the effect using geographic variation in exposure to a regulation-induced contraction in bank lending. The second chapter, also joint with Pedro Gete, shows how a regulation-induced increase in the liquidity of mortgage-backed securities lowers shadow banks' lending standards and thus raises their market share. In the third chapter, I show that greater supply of financing for residential improvement projects has increased rental housing quality during a period when quality accounts for a significant share of real rent growth. I arrive at this finding by studying two natural experiments that increase the supply of bank credit and private equity financing for residential improvement projects. A common conclusion throughout these three essays is that financial intermediaries affect households and real activity through the market for real estate financing.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2024
538 $a Mode of access: World Wide Web
650 4 $a Finance. $3 559073
653 $a Financial intermediaries
653 $a Household finance
653 $a Real investment
653 $a Real estate
653 $a Financial regulation
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710 2 $a Harvard University. $b Economics. $3 1180926
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