Philippe Bracke
Department of Economics, LSE





Contact
SERC, London School of Economics
Houghton Street, London WC2 2AE
p.bracke  at  lse.ac.uk
+44 (0)20 7852 3571
  
Curriculum vitae:  pdf


Research areas: Real Estate, Housing Markets


Working papers
  • "Homeownership and Entrepreneurship" (with C. Hilber and O. Silva, 2012), SERC Discussion Paper 103
    • We study the link between homeownership and entrepreneurship by exploiting the longitudinal dimension of the British Household Panel Survey (BHPS) and constructing a detailed monthly-spell dataset that tracks individuals‟ job history and tenure choice, coupled with other time-varying characteristics. Our fixed-effects estimates show that purchasing a house reduces the likelihood of starting a business by 20-25%.

  • "How Long Do Housing Cycles Last? A Duration Analysis for 19 OECD Countries", IMF Working Paper 11/231
    • This paper analyzes the duration of house price upturns and downturns in the last 40 years for 19 OECD countries. On average, upturns are longer than downturns, but the difference disappears once the last house price boom is excluded. In terms of length distribution, upturns (but not downturns) are more likely to end as their duration increases.


Work in progress
  • “The Cross-Sectional Distribution of House Prices and Rents: Evidence from Micro Data”

  • “Measuring House Price Expectations: Survey Evidence from London”



Teaching


Programs
  • sbbq: Stata module to implement the Harding and Pagan (2002) business cycle dating algorithm


Other links
  • An article on UK house prices (British Politics and Policy at the LSE blog, 2011)
  • Prime Central London Rental Indices, prepared for John D Wood & Co. (2011)
  • Some articles on current economic issues (Global Policy blog, 2010)

Last update: February 2012