The Rental Price of Housing in New York City, 1830–1860
利用内战前纽约市报纸广告数据,估算住房租金特征价格指数,发现控制住房质量和位置后,1830至1860年间相对租金上涨。
Advertisements from antebellum New York City newspapers are used to estimate hedonic indices of the rental price of housing. Rents varied with the quality of housing and its location, suggesting a well-defined market for rental housing. Controlling for housing characteristics and location, the relative price of housing rose between 1830 and 1860.