Morten Skak

TL;DR: This paper developed a model where ownership improves the efficiency of the housing market as it enhances the utility of housing consumption for some consumers, based on an extended Hotelling-Lancaster utility approach in which the ideal variant of housing is obtainable only by adapting the home through a supplementary investment.

TL;DR: In this article, the authors present a model where ownership becomes important for the utility a household gets from housing consumption, and explain why homeowners typically live in bigger dwelling units than tenants, and why congested cities have smaller rates of homeownership.

TL;DR: In this paper, the effect of housing equity on homeowners' residential mobility and their commuting pattern was explored, and the negative impact on labor market flexibility from low equity lock-in is stronger when the economy is in recession and housing prices are falling.

TL;DR: In this paper, the authors explored the effect of housing equity on both the residential mobility and the commuting pattern of homeowners and found that low and negative housing equity substantially reduced residential mobility among homeowners.