Events, Conferences

June 4-5, 2019

ESCP-TAU-UCLA Conference on Low Income Housing Supply and Housing Affordability

ESCP Europe Business School (MADRID)

ESCP Europe Business School, the Alrov Institute for Real Estate Research at Tel Aviv University, and the UCLA Ziman Center for Real Estate are jointly organizing a conference on issues of low-income housing supply, related financing tools, and housing affordability. The selection committee is interested in economics and policy research on topics including housing affordability, inequality, house price and rent dynamics, rent control, low-income housing supply and demand, private-public partnerships including (but not limited to) the Low Income Housing Tax Credit (LIHTC) and the Tax Increment Financing (TIF) programs, mortgage and housing finance system design and performance to support affordable housing, land use regulation and entitlements, demographic factors, homelessness, urban stratification, population mobility and immigration, and policy at all levels of government. The conference will be held at ESCP Europe – Madrid Campus (Spain) – on June 4-5, 2019. Follow-up academic meetings for coming years are being planned for Tel Aviv University and UCLA.

June 4, 2019
10:15am – 10:30am Coffee

10:30am – 10:45am

Pramuan Bunkanwanicha (Associate Dean for Research, ESCP Europe)

Jaime Luque (ESCP Europe Madrid)


10:45am – 12:00pm

Chair: Antonio Mello (University Wisconsin-Madison)

Housing Consumption and Investment: Evidence from Shared Equity Mortgages

Matteo Benetton (University of California, Berkeley), Philippe Bracke (Financial Conduct Authority), Joao Cocco (London Business School), and Nicola Garbarino (Bank of England)

Discussant: Stephen Oliner (American Enterprise Institute)

Mortgage Design to Improve Affordability and Accessibility to Homeownership

Gianluca Marcato (University of Reading) and Rafal Wojakowski (University of Surrey)

Discussant: Carles Vergara (IESE)

Session 1
12:00pm – 12:45pm Coffee break

12:45pm – 2:00pm

Chair: Stephen Malpezzi (University Wisconsin-Madison)

Not in My neighbour’s Back Yard? Laneway homes and neighbours’ property values

Tom Davidoff (University British Columbia), Andrey Pavlov (Simon Fraser University), and Tsur Somerville (University of British Columbia)

Discussant: Roni Golan (Tel Aviv University)

The Long-Run Effects of Low-Income Housing on Neighborhood Composition

Morris Davis (Rutgers University), Jesse Gregory (University Wisconsin-Madison), and Daniel Hartley (Federal Reserve Bank of Chicago)

Discussant: Diego Puga (CEMFI)

Session 2

2:00pm – 3:15pm

Chair Luncheon: Stuart Gabriel (University of California, Los Angeles)m

Keynote: Oscar Arce (Director General of Economics, Statistics and Research at Banco de España)


3:15pm – 4:30pm

Chair: Yuming Fu (National University of Singapore)

Do Minimum Wage Increases Benefit Intended Households? Evidence from the Performance of Residential Leases

Sumit Agarwal (National University of Singapore), Brent Ambrose (Pennsylvania State University), and Moussa Diop (University of Wisconsin-Madison)

Discussant: Naomi Hausman (Hebrew University of Jerusalem)

The Economic Impacts of Help to Buy

Felipe Carozzi (London School of Economics), Christian Hilber (London School of Economics), Xiaolun Yu (London School of Economics)

Discussant: Stanimira Milcheva (University College of London)

Session 3
4:30pm – 5:00pm Coffee break

5:00pm – 5:40pm

Chair: Danny Ben-Shahar (Tel Aviv University)

Owned Now Rented Later? Housing Stock Transitions and Market Dynamics

Stuart Rosenthal (Syracuse University)

Discussant: Tom Davidoff (University of British Columbia)

Session 4
8:30pm Dinner at Casino de Madrid
June 5, 2019
10:30am – 10:45am Coffee

10:45am – 12:00pm

Chair: Jaime Luque (ESCP Europe Madrid)

Affordable Housing and City Welfare

Jack Favilukisy (University of British Columbia), Pierre Mabille (New York University), Stijn Van Nieuwerburgh (Columbia University)

Discussant: Charles Nathanson (Northwestern University)

The Microgeography of Housing Supply

Nathaniel Baum-Snow (University of Toronto) and Lu Han (University of Toronto)

Discussant: Daniel McMillan (University Illinois at Chicago)

Session 5
12:00pm – 12:45pm Coffee break

12:45pm – 2:00pm

Chair: Bob Edelstein (University of California, Berkeley)

Diverted Homeowners and Rental Affordability Crisis

Hyojung Lee (Harvard University), Dowell Myers (University of Southern California), and Gary Painter (University of Southern California)

Discussant: Timothy Riddiough (University of Wisconsin-Madison)

Empirics on the causal effects of rent control in Germany

Andreas Mense (Erlangen-Nuremberg University), Claus Michelsen (DIW Berlin), Konstantin Kholodilin (DIW Berlin)

Discussant: Nitzan Tzur-Ilan (Bank of Israel)

Session 6

2:00pm – 3:20pm


3:20pm – 4:00pm

Chair: Kiyohiko Nishimura (National Graduate Institute of Policy Studies, Japan)

The Effect of Land Use Regulation on Housing Prices: Theory and Evidence from California

Desen Lin (University of Pennsylvania) and Susan Wachter (University of Pennsylvania)

Discussant: Brent Ambrose (Pennsylvania State University)

Session 7
4:00pm – 6:00pm Field tour
8:30pm Informal dinner in Madrid historical downtown
Conference Organizing Committee:
Danny Ben-Shahar, Tel Aviv University
Stuart A. Gabriel, UCLA
Jaime P. Luque, ESCP Europe
Conference Scientific Committee:
Oscar Arce, Bank of Spain
Nate Baum Snow, University of Toronto
Danny Ben-Shahar, Tel Aviv University
Jan Breuckner, University of California at Irvine
Joao Cocco, London Business School
Tom Davidoff, University of British Columbia
Morris Davis, Rutgers University
Anthony DeFusco, Northwestern University
Jorge de la Roca, University of Southern California
Yongheng Deng, University of Wisconsin-Madison
Yuming Fu, National University of Singapore
Stuart A. Gabriel, University of California at Los Angeles
Mark Garmaise, University of California at Los Angeles
David Genesove, The Hebrew University of Jerusalem
Ed Glaeser, Harvard University
Ingrid Gould Ellen, New York University
Lu Han, University of Toronto
Diana Hancock, Federal Reserve Board of Governors
Barney Hartman-Glaser, University of California at Los Angeles
Christian Hilber, London School of Economics
Eduard Kung, University of California at Los Angeles
Jaime P. Luque, ESCP Europe
Gianluca Marcato, University of Reading
Daniel McMillen, University of Illinois at Urbana Champaign
Tim McQuade, Stanford University
Antonio Mello, University of Wisconsin-Madison
Stani Milcheva, University College London
Kiyohiko Nishimura, National Graduate Institute for Policy Studies
Stephen Oliner, American Enterprise Institute
Katherine O’Regan, New York University
Gary Painter, University of Southern California
Wayne Passmore, Board of Governors of the Federal Reserve System
Tarun Ramadorai, Imperial College London
Stuart Rosenthal, Syracuse University
Tsur Somerville, University of British Columbia
Jiro Yoshida, Penn State University and University of Tokyo


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