NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SUMMER INSTITUTE 2002

Public Policy and Real Estate Markets Workshop

Joe Gyourko, Chris Mayer, and Todd Sinai, Organizers

Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, Massachusetts

July 30, 2002

PRELIMINARY PROGRAM

MONDAY, JULY 29:



6:00 PM Clambake

Harvard Faculty Club

20 Quincy Street

Cambridge, MA

TUESDAY, JULY 30:



8:00 AM Coffee and Pastries



8:30 AM SUMIT AGARWAL, FleetBoston Financial

JOHN DRISCOLL, Brown University and NBER

DAVID I. LAIBSON, Harvard University and NBER

When Should Borrowers Refinance Their Mortgages?



Discussant: SHERIDAN TITMAN, University of Texas and NBER



9:30 AM STEVEN D. LEVITT, University of Chicago and NBER

CHAD SYVERSON, University of Chicago

Market Distortions When Agents are Better Informed: A Theoretical and Empirical Exploration of the Value of Information in Real Estate Transactions



Discussant: TOBIAS MOSKOWITZ, University of Chicago and NBER



10:30 AM Break



11:00 AM ALBERT SAIZ, Federal Reserve Bank of Philadelphia

Immigration and Housing Rents in American Cities



Discussant: SANDRA BLACK, UC, Los Angeles and NBER



12:00 N Lunch



SI02 PERE

page two



1:00 PM CHRISTIAN HILBER, University of Pennsylvania

CHRISTOPHER J. MAYER, University of Pennsylvania

Why Do Households Without Children Support Local Public Schools? Linking House Price Capitalization to School Spending



Discussant: CAROLINE HOXBY, Harvard University and NBER



2:00 PM ANDREW HAUGHWOUT, Federal Reserve Bank of New York

ROBERT INMAN, University of Pennsylvania and NBER

Should Suburbs Help Their Central Cities?

Discussant: WILLIAM STRANGE, University of Toronto



3:00 PM Break



3:30 PM WILLIAM WHEATON, MIT

Commuting, Ricardian Rent and Housing Appreciation in Cities with Dispersed Employment and Mixed Land-Use



Discussant: EDWARD GLAESER, Harvard University and NBER



4:30 PM Adjourn



7/23/02