NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SUMMER INSTITUTE 2001

Public Policy and Real Estate Markets

Joe Gyourko, Chris Mayer, and Todd Sinai, Organizers

Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, Massachusetts

July 31, 2001

PRELIMINARY PROGRAM

TUESDAY, JULY 31:

8:00 AM Coffee and Doughnuts

8:30 AM RICHARD GREEN, University of Wisconsin-Madison

PATRIC HENDERSHOTT, University of Aberdeen and NBER

Home Ownership and the Duration of Unemployment: A Test of the Oswald Hypothesis

Discussant: STUART ROSENTHAL, Syracuse University

9:30 AM TODD SINAI, University of Pennsylvania and NBER

NICHOLAS SOULELES, University of Pennsylvania and NBER

Owner-Occupied Housing as Insurance Against Rent Risk

Discussant: JON SKINNER, Dartmouth College and NBER

10:30 AM Break

11:00 AM ERIK HURST, University of Chicago

FRANK STAFFORD, University of Michigan

Home is Where the Equity Is:

Liquidity, Constraints, Refinancing and Consumption

Discussant: MATT KAHN, Tufts University

12:00 PM Lunch

1:00 PM ED GLAESER, Harvard University and NBER

JOSEPH GYOURKO, University of Pennsylvania

Why Do People Still Live in the Rust Belt? The Effect of Bricks and Mortar on Urban Decline

Discussant: JAN BRUECKNER, University of Illinois

2:00 PM DAVID FIGLIO, University of Florida and NBER

MAURICE LUCAS, School Board of Alachua County, Florida

What's in a Grade? School Report Cards and House Prices

Discussant: KARL CASE, Wellesley College

3:00 PM Break

3:30 PM FRANCOIS ORTALO-MAGNE, London School of Economics

ANTONIO MERLO, University of Pennsylvania

Bargaining over Residential Real Estate: Evidence from England

Discussant: David Genesove, Hebrew University

4:30 PM Adjourn 6/15/2001