Jobs, homes, and prices

REDRAWN FROM STUDY DATAFigure 2 · Long-run response to labor demand

Figure 2 · Long-run response to labor demand. Values digitized from Figure 2; three original panels combined on a common response index in the archived publication; minor reading error is possible.
Years after labor-demand increase	Homes · low regulation	Homes · high regulation	Prices · high regulation
0	0	0	0
2	0.35	0.12	0.28
4	0.62	0.22	0.48
6	0.78	0.28	0.59
8	0.86	0.31	0.64
10	0.9	0.33	0.66
12	0.91	0.34	0.67
14	0.91	0.34	0.67
16	0.91	0.34	0.67
18	0.91	0.34	0.67
20	0.91	0.34	0.67

Share the evidence

The same demand shock plays out differently where housing is constrained.

The model predicts a smaller housing response and a larger price response in more regulated metropolitan areas.

Source: Saks (2008)
Figure: Figure 2 · Long-run response to labor demand · Figure 2; PDF p. 11
Redraw data: Values digitized from Figure 2; three original panels combined on a common response index in the archived publication; minor reading error is possible.
Keep in mind: These curves are estimated model responses, not a randomized comparison between regulated and unregulated cities.

View values used in redraw

Values used to redraw Figure 2 · Long-run response to labor demand
Years after labor-demand increase	Homes · low regulation	Homes · high regulation	Prices · high regulation
0	0	0	0
2	0.35	0.12	0.28
4	0.62	0.22	0.48
6	0.78	0.28	0.59
8	0.86	0.31	0.64
10	0.9	0.33	0.66
12	0.91	0.34	0.67
14	0.91	0.34	0.67
16	0.91	0.34	0.67
18	0.91	0.34	0.67
20	0.91	0.34	0.67

Download PNG Read study notes Browse all charts →