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Consolidating Zip Codes for Small Area Fair Market Rents: A Method for Implementing the New Rule

Walter, Rebecca J. (2018). Consolidating Zip Codes For Small Area Fair Market Rents: A Method For Implementing The New Rule. Housing Policy Debate, 28(4), 553 – 571.

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Abstract

Fair Market Rents (FMRs), calculated for an entire metropolitan region, are used to establish payment standards for the Housing Choice Voucher (HCV) program. In response to recent criticism that FMRs do not represent rent disparity and restrict households from moving to high-opportunity areas, a new rule introducing Small Area Fair Market Rents (SAFMRs) has been issued. SAFMRs are based on ZIP codes to reflect local market rents and increase the number of payment standards used to administer the HCV program. The purpose of this research is to determine whether the number of payment standards can be reduced by consolidating ZIP codes, while adhering to the primary objectives of the SAFMR rule. The ZIP code grouping process conducted offers one method for reducing the number of payment standards needed to implement the new rule; however, the rent analysis reveals the over- and underestimation of SAFMRs for some ZIP codes.

Keywords

Vouchers; Price; U.S Department Of Housing And Urban Development; Housing Choice Voucher Program; Fair Market Rents; Small Area Fair Market Rents; Standards; Markets; Payments; Housing; Households; Criticism; Metropolitan Areas; Postal Codes; State Court Decisions; Rents; Housing Policy; Rules

Housing Wealth and Consumption over the 2001-2013 Period: The Role of the Collateral Channel

Acolin, Arthur. (2020). Housing Wealth and Consumption over the 2001-2013 Period: The Role of the Collateral Channel. Journal Of Housing Research, 29(1), 68 – 88.

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Abstract

This study estimates changes in the relationship between housing wealth and consumption among homeowners during the recent housing boom and bust in the United States, focusing on the period 2001-2007, during which house prices increased and financial innovations led to an increased availability of products enabling households to extract home equity; and on the period 2007-2013, during which house prices declined and home equity withdrawal products became largely unavailable. The estimated elasticity of consumption with regard to housing wealth increased in 2004 and 2007 (.06) relative to 2001 (.04). The estimated elasticities then decreased in 2010 and 2013 (to below .04). In addition, the increase was larger among borrowing constrained households than unconstrained households. No relationship between housing prices and consumption was found among renters. These additional tests for subpopulations support the hypothesis that the increase in consumption out of housing wealth occurred through the collateral channel.

Keywords

Consumption (economics); Wealth; Product Elimination; Equity (real Property); Home Prices; Home Ownership; United States; Collateral Channel; Credit And Consumption; Housing Wealth Effects; Housing; Housing Costs; Estimates; Prices; Households; Consumption; Equity; Borrowing; Hypotheses; Innovations; Elasticity Of Demand; Propensity To Consume; Housing Prices; Lines Of Credit; Mortgages; Subpopulations; Collateral; United States--us

Climate Change Impacts and Workforce Development Needs in Federal Region X: A Qualitative Study of Occupational Health and Safety Professionals’ Perceptions

Pedersen, Katherine M.; Busch Isaksen, Tania M.; Baker, Marissa G.; Seixas, Noah; Errett, Nicole A. (2021). Climate Change Impacts and Workforce Development Needs in Federal Region X: A Qualitative Study of Occupational Health and Safety Professionals’ Perceptions. International Journal Of Environmental Research And Public Health, 18(4).

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Abstract

Climate change is considered one of the top health threats in the United States. This research sought to (1) to understand the perceptions of occupational health and safety (OHS) professionals regarding the impacts of climate-related hazards on OHS in Region X, and (2) to explore the ideas of these OHS professionals regarding the content of future training programs that would better prepare OHS professionals to identify and mitigate climate-related hazards in Region X. Key informant (KI) interviews with 17 OHS professionals familiar with the climate-related hazards and impacts to OHS in Region X were coded and thematically analyzed. Climate hazards, social and economic impacts from climate-related hazards, and sector-specific worker and workplace impacts from climate-related hazards were described as having interacting relationships that influenced worker health and safety impacts. KIs further described how workplace controls could be used to mitigate OHS impacts of climate-related hazards, and how training of the OHS workforce could influence the ability to successfully implement such controls. Our findings suggest that OHS impacts are sector-specific, influenced by social and economic factors, and can be mitigated through workplace controls designed and implemented by a trained OHS workforce. The findings from this work should inform future educational and training programming and additional research and translation activities in the region, while our approach can inform other regions as they develop regionally specific OHS climate change training and programming.

Keywords

Heat-related Illness; Workers; Stress; Occupational Health And Safety; Climate Change; Climate-related Hazards; Pacific Northwest; Education; Training; Key Informant Interviews

Quantifying The Impacts Of Failures Of Departments Of Transportation Building Systems On Road System Users

Gatti, Umberto C.; El-anwar, Omar; Migliaccio, Giovanni C.; Lin, Ken-yu; Medina, Yvonne. (2014). Quantifying The Impacts Of Failures Of Departments Of Transportation Building Systems On Road System Users. Transportation Research Record, 2440, 85 – 93.

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Abstract

Because of the financial crisis of 2007 to 2008 and the subsequent economic downturn, funding for transportation agencies has been consistently reduced. This lack of funds prevents the building assets of transportation agencies from being efficiently maintained, so failures may occur that discontinue employees' operations and activities and affect transportation system users. Thus, to maximize the use of available funding, it is compelling to create innovative tools and techniques capable of estimating how potential failures can affect employees' activities and, eventually, transportation system users. Facility managers and decision makers could use such estimates to make decisions on maintenance of building assets that would minimize the risks of disruptions to employees and transportation system users. Among the capital assets of the Washington State Department of Transportation (DOT), transportation equipment fund (TEF) shops are crucial in ensuring timely and effective care and maintenance of the majority of state vehicles and equipment Therefore, any disruption of the operations of TEF shop facilities could significantly affect not only the Washington State DOT's vehicles and equipment maintenance but also the department's ability to fulfill its core mission. Given the importance of TEF shops, this exploratory case study investigates the failures that have occurred or are likely to occur in these facilities and employs discrete-event simulation to quantify the consequences of such failures on the shop activities and road users.

Keywords

Simulation

Housing Trajectories of Immigrants and Their Children in France: Between Integration and Stratification

Acolin, Arthur. (2019). Housing Trajectories of Immigrants and Their Children in France: Between Integration and Stratification. Urban Studies (sage Publications, Ltd.), 56(10), 2021 – 2039.

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Abstract

Immigrants have been found to exhibit different housing tenure patterns from the rest of the population in a number of contexts. This article tests whether observed differences in tenure in France can be explained by differences in socio-demographic characteristics or whether unexplained differences might result from housing market mechanisms that affect immigrants differentially from the rest of the population, and extends this to the second generation. The article relies on data from TeO, a survey of 21,761 persons designed to oversample and identify immigrants and their children, providing information about the outcomes of children of immigrants that is otherwise lacking in French statistics. The results indicate that while immigrants are significantly less likely to be homeowners, even after controlling for compositional difference, the gap in homeownership between the second generation and the rest of the population is smaller and not statistically significant. This suggests a progressive integration in the housing market over time and over generations rather than overall stratified housing trajectories. Differences in terms of the share of social housing residents, the level of residential crowding, and housing and neighbourhood characteristics also decline across generations. However, children of immigrants from some non-European origins are experiencing higher levels of stratification than other groups, with continued significant differences in tenure.

Keywords

Immigrants; Housing; Home Ownership; Children Of Immigrants; Housing Market; Social Stratification; France; Homeownership; Housing Trajectories; Tenure; Segmented Assimilation; Location Choices; Wealth; 2nd-generation; Discrimination; Segregation; Inequality; Quality; Markets; Demographics; Homeowners; Neighborhoods; Crowding; Statistical Analysis; Residential Patterns; Children; Trajectories; Residents; Residential Areas; Integration; Statistics; European Cultural Groups; Sociodemographics; Stratification; Demographic Aspects; Second Generation; Property; Public Housing; Noncitizens

Owning vs. Renting: The Benefits of Residential Stability?

Acolin, Arthur. (2020). Owning vs. Renting: The Benefits of Residential Stability? Housing Studies, 37(4), 644-647.

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Abstract

In housing research, owning, as compared to renting, is generally depicted as more desirable and associated with better outcomes. This paper explores differences in outcomes between owners and renters in 25 European countries and whether these differences are systematically smaller in countries in which owners and renters have more similar levels of residential stability (smaller tenure length gap). The results indicate that the direction of the relationship between tenure type and the selected outcomes is largely similar across countries. Owners generally exhibit more desirable outcomes (including life satisfaction, civic participation, educational outcomes for children, and physical and mental health). However, when looking at the relationship between outcomes and country level differences in tenure length gap, findings suggest that renters have outcomes that are more similar to owners in countries in which tenure length gaps are smaller. These results point to the potential benefits of policies that would increase residential stability, particularly for renters.

Keywords

European Union; Homeownership Benefits; Length Of Residence; Tenure; Home-ownership; Homeownership

The Economic Effects of Volcanic Alerts-A Case Study of High-Threat US Volcanoes

Peers, Justin B.; Gregg, Christopher E.; Lindell, Michael K.; Pelletier, Denis; Romerio, Franco; Joyner, Andrew T. (2021). The Economic Effects of Volcanic Alerts-A Case Study of High-Threat US Volcanoes. Risk Analysis, 41(10).

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Abstract

A common concern about volcanic unrest is that the communication of information about increasing volcanic alert levels (VALs) to the public could cause serious social and economic impacts even if an eruption does not occur. To test this statement, this study examined housing prices and business patterns from 1974-2016 in volcanic regions with very-high threat designations from the U.S. Geological Survey (USGS)-Long Valley Caldera (LVC), CA (caldera); Mount St. Helens (MSH), Washington (stratovolcano); and Kilauea, HawaiModified Letter Turned Commai (shield volcano). To compare economic trends in nonvolcanic regions that are economically dependent on tourism, Steamboat Springs, CO, served as a control as it is a ski-tourism community much like Mammoth Lakes in LVC. Autoregressive distributed lag (ARDL) models predicted that housing prices were negatively affected by VALs at LVC from 1982-1983 and 1991-1997. While VALs associated with unrest and eruptions included in this study both had short-term indirect effects on housing prices and business indicators (e.g., number of establishments, employment, and salary), these notifications were not strong predictors of long-term economic trends. Our findings suggest that these indirect effects result from both eruptions with higher level VALs and from unrest involving lower-level VAL notifications that communicate a change in volcanic activity but do not indicate that an eruption is imminent or underway. This provides evidence concerning a systemic issue in disaster resilience. While disaster relief is provided by the U.S. federal government for direct impacts associated with disaster events that result in presidential major disaster declarations, there is limited or no assistance for indirect effects to businesses and homeowners that may follow volcanic unrest with no resulting direct physical losses. The fact that periods of volcanic unrest preceding eruption are often protracted in comparison to precursory periods for other hazardous events (e.g., earthquakes, hurricanes, flooding) makes the issue of indirect effects particularly important in regions susceptible to volcanic activity.

Keywords

Direct Impacts; Econometric Analysis; Indirect Impacts; Risk Assessment; Volcano Alert Levels; Earthquakes; Hurricanes; Threats; Housing Costs; Business Indicators; Disasters; Disaster Relief; Declarations; Volcanoes; Resilience; Tourism; Economics; Flooding; Trends; Calderas; Geological Surveys; Housing Prices; Eruptions; Precursors; Indirect Effects; Business; Disaster Management; Economic Trends; Autoregressive Models; Floods; Employment Status; Prices; Federal Government; Housing; Eruption; Economic Impact; Seismic Activity; Volcanic Activity; Earthquake Prediction; Lakes; Communication; United States--us

Free: Accounting for the Costs of the Internet’s Most Popular Price

Hoofnagle, Chris Jay; Whittington, Jan. (2014). Free: Accounting for the Costs of the Internet’s Most Popular Price. UCLA Law Review, 61(3), 606 – 670.

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Abstract

Offers of free services abound on the Internet. But the focus on the price rather than on the cost of free services has led consumers into a position of vulnerability. For example, even though internet users typically exchange personal information for the opportunity to use these purportedly free services, one court has found that users of free services are not consumers for purposes of California consumer protection law. This holding reflects the common misconception that the costs of free online transactions are negligible when in fact true costs may be quite significant. To elucidate the true costs of these allegedly free services, we apply a transaction cost economics (TCE) approach. Unlike orthodox economic theory, TCE provides a framework for analyzing exchanges in which the price of the product seems to be zero. Under a TCE analysis, we argue that information-intensive companies misuse the term free to promote products and services that involve numerous nonpecuniary costs. In so doing, firms generate contractual hazards for consumers, ignore consumer preferences for privacy, and mislead consumers by creating the impression that a given transaction will be free. While psychological research and behavioral economics may support an outright ban of free offers because of their biasing effects, TCE suggests reforming governance structures to place the business risks associated with free transactions more firmly in the hands of businesses. We suggest alterations to governance structures such as the Federal Trade Commission's Guide Concerning Use of the Word Free (FTC Guide) to curb the incentives of firms to raise transaction costs for consumers. The FTC Guide provides support for two of the consumer protection measures we propose: first, a requirement that free service providers clearly disclose that such providers seek users' personal information in exchange for those services, and, second, the establishment of a regular price before providers can market a service as free. We further argue that the recognition of users of free services as consumers for purposes of consumer protection law would better align incentives and ensure users access to legal redress against some of the most popular services on the Internet. Lastly, we suggest the adoption of alternative governance structures designed to reduce the cost of transacting by curbing the collection of personal information from consumers of free services and by enhancing the rights of consumers to govern the dispersal of personal information from free online services to third parties.

Keywords

Free Internet Service Providers; Internet Usage Monitoring; Transaction Cost Theory Of The Firm; Internet Privacy -- Law & Legislation; Law; United States. Federal Trade Commission; Vertical Integration; Privacy

Accessing Homeownership with Credit Constraints

Acolin, Arthur; Goodman, Laurie; Wachter, Susan M. (2019). Accessing Homeownership with Credit Constraints. Housing Policy Debate, 29(1), 108 – 125.

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Abstract

The tightening of mortgage credit in the aftermath of the global financial crisis has been identified as a factor in the decline of homeownership in the United States to 50-year lows. In this article, we review findings about the role of borrowing constraints and tightened credit in lowering access to homeownership. We also discuss how institutional changes could hinder or support this access going forward.

Keywords

Borrowing Constraints; Home Ownership; Mortgage; Model; Race; Homeownership; Credit Access; International Finance; Economic Crisis; Property; Aftermath; Access; Credit; Access To Credit; Economic Models; United States--us

Preservation and Tourism in Tunisia: On the Colonial Past in the Neocolonial Present

Coslett, Daniel E. (2020). Preservation and Tourism in Tunisia: On the Colonial Past in the Neocolonial Present. Journal Of North African Studies, 25(5), 727 – 752.

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Abstract

Historic built environments of the modern colonial era survive in cityscapes of former colonies the world over, often featuring largely in the projected urban identities of cities in Africa, Asia, and the Middle East. Tunisia is no exception. The complex relationships between extant architectures of colonialism and current users, designers, and preservationists there are shifting within the context of contemporary globalization. Though ties between Europe, France, and Tunisia are less overt than they once were-now taking the form of international development loans, professional and educational exchanges, tourism programmes, popular culture and the media-they are nonetheless significant in their sustained influence. This article explores the nature and products of neocolonialism in postcolonial heritage management and tourism practices, using several case studies from Tunis including curated medina walking tours, the renovation of the Avenue Bourguiba, and expansion of the renowned Bardo Museum. Rather than dismissing contemporary preservation and tourism management practices, the article invites further debate regarding the influence of foreign actors, conservation approaches, and potential alternatives for the future of heritage management in a rapidly changing Tunisia.

Keywords

Heritage Tourism; Tourism; Tourism Management; Foreign Loans; Educational Exchanges; Stone Age; Food Tourism; Tunisia; Tunis (tunisia); Heritage Management; Historic Preservation; Neocolonialism; Tunis