Joseph Gyourko

University of Pennsylvania
The Wharton School of Business
3620 Locust Walk
1480 Steinberg-Dietrich Hall
Philadelphia, PA 19104-6302
Tel: 215/898-3003
Fax: 215/573-2220

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
NBER Program Affiliations: PE
NBER Affiliation: Research Associate
Institutional Affiliation: University of Pennsylvania

NBER Working Papers and Publications

December 2019The Local Residential Land Use Regulatory Environment Across U.S. Housing Markets: Evidence from a New Wharton Index
with Jonathan Hartley, Jacob Krimmel: w26573
September 2017The Economic Implications of Housing Supply
with Edward Glaeser: w23833

Published: Edward Glaeser & Joseph Gyourko, 2018. "The Economic Implications of Housing Supply," Journal of Economic Perspectives, vol 32(1), pages 3-30. citation courtesy of

July 2015Evaluating the Risk of Chinese Housing Markets: What We Know and What We Need to Know
with Jing Wu, Yongheng Deng: w21346

Published: Jing Wu & Joseph Gyourko & Yongheng Deng, 2016. "Evaluating the risk of Chinese housing markets: What we know and what we need to know," China Economic Review, vol 39, pages 91-114. citation courtesy of

June 2015A New Look at the U.S. Foreclosure Crisis: Panel Data Evidence of Prime and Subprime Borrowers from 1997 to 2012
with Fernando Ferreira: w21261
October 2014Regulation and Housing Supply
with Raven Molloy: w20536
March 2013Unemloyment and Unobserved Credit Risk in the FHA Single Family Mortgage Insurance Fund
with Joseph Tracy: w18880

Published: Journal of Urban Economics Volume 80, March 2014, Pages 87–96 Cover image Reconciling theory and empirics on the role of unemployment in mortgage default Joseph Gyourkoa, Joseph Tracyb, , ,

February 2013Is There Evidence of a Real Estate Collateral Channel Effect on Listed Firm Investment in China?
with Jing Wu, Yongheng Deng: w18762
September 2012Land and House Price Measurement in China
with Yongheng Deng, Jing Wu: w18403

Published: Yongheng Deng, Joseph Gyourko and Jing Wu, “Land and House Price Measurement in China,” in Property Markets and Financial Stability, A. Heath, F. Packer and C. Windsor (ed.), Reserve Bank of Australia, (2012), ISBN: 978-0-9873620-3-2.

August 2012Can Cheap Credit Explain the Housing Boom?
with Edward L. Glaeser, Joshua D. Gottlieb
in Housing and the Financial Crisis, Edward L. Glaeser and Todd Sinai, editors
December 2011Does Gender Matter for Political Leadership? The Case of U.S. Mayors
with Fernando Ferreira: w17671

Published: Journal of Public Economics Volume 112, April 2014, Pages 24–39 Cover image Does gender matter for political leadership? The case of U.S. mayors ☆ Fernando Ferreira, Joseph Gyourko citation courtesy of

September 2011Housing Busts and Household Mobility: An Update
with Fernando Ferreira, Joseph Tracy: w17405


August 2011Anatomy of the Beginning of the Housing Boom: U.S. Neighborhoods and Metropolitan Areas, 1993-2009
with Fernando Ferreira: w17374
July 2010Can Cheap Credit Explain the Housing Boom?
with Edward L. Glaeser, Joshua D. Gottlieb: w16230
Evaluating Conditions in Major Chinese Housing Markets
with Jing Wu, Yongheng Deng: w16189

Published: Wu, Jing & Gyourko, Joseph & Deng, Yongheng, 2012. "Evaluating conditions in major Chinese housing markets," Regional Science and Urban Economics, Elsevier, vol. 42(3), pages 531-543. citation courtesy of

February 2010Dispersion in House Price and Income Growth across Markets: Facts and Theories
with Christopher Mayer, Todd Sinai
in Agglomeration Economics, Edward L. Glaeser, editor
June 2009Housing Markets
NBER Reporter 2009 number 2
February 2009Understanding Commercial Real Estate: Just How Different from Housing Is It?
September 2008Housing Busts and Household Mobility
with Fernando Ferreira, Joseph Tracy: w14310

Published: Ferreira, Fernando & Gyourko, Joseph & Tracy, Joseph, 2010. "Housing busts and household mobility," Journal of Urban Economics, Elsevier, vol. 68(1), pages 34-45, July. citation courtesy of

July 2008Housing Supply and Housing Bubbles
with Edward L. Glaeser, Albert Saiz: w14193

Published: Glaeser, Edward L. & Gyourko, Joseph & Saiz, Albert, 2008. "Housing supply and housing bubbles," Journal of Urban Economics, Elsevier, vol. 64(2), pages 198-217, September. citation courtesy of

December 2007Arbitrage in Housing Markets
with Edward L. Glaeser: w13704
October 2007Do Political Parties Matter? Evidence from U.S. Cities
with Fernando Ferreira: w13535

Published: Fernando Ferreira & Joseph Gyourko, 2009. "Do Political Parties Matter? Evidence from U.S. Cities-super-," The Quarterly Journal of Economics, MIT Press, vol. 124(1), pages 399-422, February. citation courtesy of

December 2006Housing Dynamics
with Edward L. Glaeser: w12787
July 2006Superstar Cities
with Christopher Mayer, Todd Sinai: w12355

Published: Joseph Gyourko & Christopher Mayer & Todd Sinai, 2013. "Superstar Cities," American Economic Journal: Economic Policy, American Economic Association, vol. 5(4), pages 167-99, November. citation courtesy of

February 2005Why Have Housing Prices Gone Up?
with Edward L. Glaeser, Raven Saks: w11129

Published: Glaeser, Edward L., Joseph Gyourko and Raven E. Saks. "Why Have Housing Prices Gone Up?," American Economic Review, 2005, v95(2,May), 329-333. citation courtesy of

January 2005Urban Growth and Housing Supply
with Edward L. Glaeser, Raven E. Saks: w11097

Published: Edward L. Glaeser & Joseph Gyourko & Raven E. Saks, 2006. "Urban growth and housing supply," Journal of Economic Geography, Oxford University Press, vol. 6(1), pages 71-89, January. citation courtesy of

August 2004The (Un)Changing Geographical Distrituion of Housing Tax Benefits: 1980-2000
with Todd Sinai
in Tax Policy and the Economy, Volume 18, James Poterba, editor
February 2004The (Un)changing Geographical Distribution of Housing Tax Benefits: 1980 to 2000
with Todd Sinai: w10322


November 2003Why is Manhattan So Expensive? Regulation and the Rise in House Prices
with Edward L. Glaeser, Raven Saks: w10124

Published: Glaeser, Edward L., Joseph Gyourko, and Raven Saks. "Why is Manhattan So Expensive?: Regulation and the Rise in House Prices." Journal of Law and Economics 48, 2 (2005): 331-370.

March 2002The Impact of Zoning on Housing Affordability
with Edward L. Glaeser: w8835

Published: Glaeser, Edward L. and Joseph Gyourko. "The Impact Of Building Restrictions On Housing Affordability," FRB New York - Economic Policy Review, 2003, v9(2,Jun), 21-39.

November 2001Urban Decline and Durable Housing
with Edward L. Glaeser: w8598

Published: Edward L. Glaeser & Joseph Gyourko, 2005. "Urban Decline and Durable Housing," Journal of Political Economy, University of Chicago Press, vol. 113(2), pages 345-375, April. citation courtesy of

March 2001The Spatial Distribution of Housing-Related Tax Benefits in the United States
with Todd Sinai: w8165

Published: Sinai, Todd and Joseph Gyourko. “The Spatial Distribution of Housing-Related Tax Benefits in the United States." Real Estate Economics 31, 4 (2003): 527-576.

September 2000The Asset Price Incidence of Capital Gains Taxes: Evidence from the Taxpayer Relief Act of 1997 and Publicly-Traded Real Estate Firms
with Todd Sinai: w7893

Published: Sinai, Todd and Joseph Gyourko. "The Asset Price Incidence Of Capital Gains Taxes: Evidence From The Taxpayer Relief Act Of 1997 And Publicly-Traded Real Estate Firms," Journal of Public Economics, 2004, v88(7-8,Jul), 1543-1565. citation courtesy of

March 1989Public Sector Bargaining and the Local Budgetary Process
with Joseph Tracy: w2915

Published: Research in Labor Economics, Vol. 12, 1991, pp. 117-136

October 1986The Importance of Local Fiscal Conditions in Analyzing Local Labor Markets
with Joseph S. Tracy: w2040

Published: Journal of Political Economy, vol.97, no. 5, October 1989, pp.1208-1231. citation courtesy of

May 1986On the Political Economy of Land Value Capitalization and Local Public Sector Rent-Seeking in a Tiebout Model
with Joseph S. Tracy: w1919

Published: Journal of Urban Economics, 1989, vol. 26, pp. 152-173. citation courtesy of

An Analysis of Public and Private Sector Wages Allowing for Endogenous Choices of Both Government and Union Status
with Joseph Tracy: w1920

Published: Journal of Labor Economics. Volume 6, Issue 2, Page 229, Jan 1988 citation courtesy of

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