Browsing by Subject "Fixed effects"
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Item Open Access Correlational analysis of energy burden and eviction rate(2019-04-24) Li, PaichenEvictions occur when a landlord expels renters from residing in property the landlord owns. Recent data suggest that approximately 40% of residential households in California from years 2012 to 2016 are occupied by renters. The prevalence of renting along with increasing awareness of evictions make studying the causes of eviction a topic of interest for public officials, scholars, housing service providers, and the renter population among others. High cost of living is a direct common cause of evictions across the US. This paper examines and presents a study on the connection between energy burden (how much a single household pays for electricity out of its total household income) and eviction rate. Analysis relies on the application of quantitative research methods using census tract level data from 2012 to 2016 over the service territory of Southern California Edison (SCE). This study uses models that account for both time-variant and time-invariant effects of other key cost and household demographic variables on eviction rate. By taking this approach, the author attempts to separate an unbiased effect of energy burden, which could inform predictions about whether high energy burden is generally accompanied by high eviction rates. Preliminary results suggest that there is a borderline significant positive correlation between energy burden and the unobserved time-invariant census tract level heterogeneity that contributes to higher eviction rates.Item Open Access Essays on Banking Competition(2016) Correia, SergioI study local shocks to consumer credit supply arising from the opening
of bank-related retail stores. Bank-related store openings coincide with
sharp increases in credit card placements in the neighborhood of the
store, in the months surrounding the store opening, and with the bank
that owns the store. I exploit this relationship to instrument for new
credit cards at the individual level, and find that obtaining a new
credit card sharply increases total borrowing as well as default risk,
particularly for risky and opaque borrowers. In line with theories of
default externality, I observe that existing lenders react to the
increased consumer borrowing and associated riskiness by contracting
their own supply. In particular, in the year following the issuance of a
new credit card, banks without links to stores reduce credit card limits
by 24-51%, offsetting most of the initial increase in total credit
limits.
Item Open Access The Effect of Algae Blooms on Property Values located on Florida's Indian River Lagoon(2023-04-14) DeChurch, CameronFlorida’s Indian River Lagoon has algae blooms that devastate ecosystems, water quality,and markets for seafood, recreation, and housing. This study estimates part of their economic impact by examining water quality’s relationship with prices of properties sold near the estuary from 2007 to 2016. Using water quality scores from 0 to 100, my regression analysis estimates that one-unit increases in water quality are associated with one-percent increases in sale price.Upon summing this relationship over all properties in the sample, my paper estimates that the sea algae blooms have cost the housing market between $756 million to $3.6 billion.