Jack Y Favilukis

University of British Columbia (UBC) - Division of Finance

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  • University of British Columbia (UBC) - Division of Finance

SCHOLARLY PAPERS

24

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1,212

CROSSREF CITATIONS

173

Scholarly Papers (24)

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1.

Affordable Housing and City Welfare

Downloads 1,978 (14,364)
Citation 18

Affordable Housing and City Welfare

Columbia Business School Research Paper No. 18-77
Number of pages: 87 Posted: 07 Nov 2018 Last Revised: 11 Jun 2021
Jack Y Favilukis, Pierre Mabille and Stijn Van Nieuwerburgh
University of British Columbia (UBC) - Division of Finance, INSEAD - Finance and Columbia University Graduate School of Business
Downloads 1,928 (14,687)
Citation 7

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Dynamic Spatial Equilibrium, House Prices, Affordable Housing, Rent Control, Zoning, Gentrification, Real Estate Development, New York, Housing Vouchers, Tax Credits, LIHTC

Affordable Housing and City Welfare

NBER Working Paper No. w25906
Number of pages: 88 Posted: 05 Jun 2019 Last Revised: 15 Apr 2023
Jack Y Favilukis, Pierre Mabille and Stijn Van Nieuwerburgh
University of British Columbia (UBC) - Division of Finance, INSEAD - Finance and Columbia University Graduate School of Business
Downloads 48 (690,400)

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Affordable Housing and City Welfare

CEPR Discussion Paper No. DP13758
Number of pages: 84 Posted: 30 May 2019
Jack Y Favilukis, Pierre Mabille and Stijn Van Nieuwerburgh
University of British Columbia (UBC) - Division of Finance, INSEAD - Finance and Columbia University Graduate School of Business
Downloads 2 (1,083,914)
Citation 2
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affordable housing, Development, Dynamic spatial equilibrium, Gentrification, House Prices, housing vouchers, Rent Control, Tax credits, Zoning

2.

The Great Resignation Was Caused by the COVID-19 Housing Boom

Number of pages: 52 Posted: 25 Jan 2023 Last Revised: 16 Feb 2023
Jack Y Favilukis and Gen Li
University of British Columbia (UBC) - Division of Finance and University of British Columbia (UBC) - Division of Finance
Downloads 1,655 (18,929)

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Great Resignation, Labor Force Participation, COVID-19, Housing Boom, Capital Gains, Retirement

3.

The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium

Downloads 1,544 (21,032)
Citation 152

The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium

Journal of Political Economy, Forthcoming
Number of pages: 114 Posted: 10 May 2010 Last Revised: 07 Oct 2015
Jack Y Favilukis, Sydney C. Ludvigson and Stijn Van Nieuwerburgh
University of British Columbia (UBC) - Division of Finance, New York University - Department of Economics and Columbia University Graduate School of Business
Downloads 1,176 (31,040)
Citation 102

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The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium

NBER Working Paper No. w15988
Number of pages: 96 Posted: 17 May 2010 Last Revised: 10 Mar 2023
Jack Y Favilukis, Sydney C. Ludvigson and Stijn Van Nieuwerburgh
University of British Columbia (UBC) - Division of Finance, New York University - Department of Economics and Columbia University Graduate School of Business
Downloads 163 (310,390)
Citation 18

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The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium

NYU Working Paper No. 2451/31429
Number of pages: 72 Posted: 13 Jan 2012
Stijn Van Nieuwerburgh, Jack Y Favilukis, Sydney C. Ludvigson and Stijn Van Nieuwerburgh
Columbia University Graduate School of Business, University of British Columbia (UBC) - Division of Finance, New York University - Department of Economics and affiliation not provided to SSRN
Downloads 98 (459,764)
Citation 1

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The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium

NYU Working Paper No. 2451/31429
Number of pages: 72 Posted: 16 Nov 2010
Jack Y Favilukis, Sydney C. Ludvigson and Stijn Van Nieuwerburgh
University of British Columbia (UBC) - Division of Finance, New York University - Department of Economics and Columbia University Graduate School of Business
Downloads 64 (594,543)

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The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium

NYU Working Paper No. 2451/31429
Number of pages: 72 Posted: 22 Nov 2010
Jack Y Favilukis, Sydney C. Ludvigson and Stijn Van Nieuwerburgh
University of British Columbia (UBC) - Division of Finance, New York University - Department of Economics and Columbia University Graduate School of Business
Downloads 43 (717,018)

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4.

Out-of-Town Home Buyers and City Welfare

Downloads 1,520 (21,609)
Citation 38

Out-of-Town Home Buyers and City Welfare

Journal of Finance, Forthcoming
Number of pages: 79 Posted: 24 Feb 2017 Last Revised: 29 Jan 2021
Jack Y Favilukis and Stijn Van Nieuwerburgh
University of British Columbia (UBC) - Division of Finance and Columbia University Graduate School of Business
Downloads 1,517 (21,291)
Citation 44

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house prices, foreign investors, property taxes

Out-of-Town Home Buyers and City Welfare

CEPR Discussion Paper No. DP12283
Number of pages: 63 Posted: 11 Sep 2017
Jack Y Favilukis and Stijn Van Nieuwerburgh
University of British Columbia (UBC) - Division of Finance and Columbia University Graduate School of Business
Downloads 3 (1,075,942)
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affordable housing, Dynamic spatial equilibrium, foreign investors, Gentrification, House Prices, property taxes

5.

The Elephant in the Room: The Impact of Labor Obligations on Credit Markets

Number of pages: 107 Posted: 15 Jun 2016 Last Revised: 23 Apr 2019
Jack Y Favilukis, Xiaoji Lin and Xiaofei Zhao
University of British Columbia (UBC) - Division of Finance, University of Minnesota and Georgetown University - McDonough School of Business
Downloads 1,031 (38,025)
Citation 21

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Wage rigidity, long-term debt, credit risk, labor market frictions, labor leverage, financial leverage, wage growth, labor share

6.

Wage Rigidity: A Quantitative Solution to Several Asset Pricing Puzzles

Downloads 785 (55,401)
Citation 81

Wage Rigidity: A Quantitative Solution to Several Asset Pricing Puzzles

Charles A. Dice Center Working Paper No. 2012-16, Fisher College of Business Working Paper No. 2012-03-016
Number of pages: 65 Posted: 05 Sep 2012 Last Revised: 26 May 2015
Jack Y Favilukis and Xiaoji Lin
University of British Columbia (UBC) - Division of Finance and University of Minnesota
Downloads 663 (68,220)
Citation 39

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Wage Rigidity, Equity Volatility, Equity Premium, General Equilibrium, Production-Based Asset Pricing, Value Premium

Wage Rigidity: A Solution to Several Asset Pricing Puzzles

Number of pages: 47 Posted: 18 Mar 2012 Last Revised: 16 Sep 2012
Xiaoji Lin and Jack Y Favilukis
University of Minnesota and University of British Columbia (UBC) - Division of Finance
Downloads 122 (391,950)
Citation 2

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general equilibrium, heterogeneous firms, equity premium, value premium, return volatility, wage rigidities, return predictability

7.

Why momentum concentrates among overvalued stocks

Number of pages: 82 Posted: 07 Sep 2019 Last Revised: 13 Sep 2023
Jack Y Favilukis and Terry Zhang
University of British Columbia (UBC) - Division of Finance and Australian National University (ANU)
Downloads 766 (57,250)

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Momentum, Anomalies

8.

Labor Force Telework Flexibility and Asset Prices: Evidence from the COVID-19 Pandemic

Georgetown McDonough School of Business Research Paper No. 3693239
Number of pages: 73 Posted: 20 Sep 2020 Last Revised: 07 May 2021
Jack Y Favilukis, Xiaoji Lin, Ali Sharifkhani and Xiaofei Zhao
University of British Columbia (UBC) - Division of Finance, University of Minnesota, Northeastern University and Georgetown University - McDonough School of Business
Downloads 759 (57,942)
Citation 7

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Labor force telework, Pandemic, Return predictability, Multiple tasks, Labor shocks, Uncertainty shocks, Demand shocks

9.

Does Wage Rigidity Make Firms Riskier? Evidence from Long-Horizon Return Predictability

Charles A. Dice Center Working Paper No. 2012-19, Fisher College of Business Working Paper No. 2012-03-019
Number of pages: 36 Posted: 08 Oct 2012 Last Revised: 17 Dec 2015
Jack Y Favilukis and Xiaoji Lin
University of British Columbia (UBC) - Division of Finance and University of Minnesota
Downloads 433 (116,610)
Citation 13

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Wage Rigidity, Equity Risk, Long Run Return Predictability, Cross Section of Asset Pricing

10.

Wealth Inequality, Stock Market Participation, and the Equity Premium

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 56 Posted: 05 Nov 2012
Jack Y Favilukis
University of British Columbia (UBC) - Division of Finance
Downloads 349 (148,748)
Citation 38

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Inequality, Limited Participation, Equity Premium

11.

Do Bankers Matter for Main Street? The Financial Intermediary Labor Channel

Georgetown McDonough School of Business Research Paper No. 4106828
Number of pages: 95 Posted: 13 May 2022 Last Revised: 17 Apr 2023
Yuchen Chen, Jack Y Favilukis, Xiaoji Lin and Xiaofei Zhao
University of Illinois Urbana-Champaign, Gies College of Business, University of British Columbia (UBC) - Division of Finance, University of Minnesota and Georgetown University - McDonough School of Business
Downloads 341 (152,475)

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Financial intermediary, Labor market frictions

12.

An Estimation of Economic Models with Recursive Preferences

Downloads 304 (172,258)
Citation 39

An Estimation of Economic Models with Recursive Preferences

Number of pages: 56 Posted: 14 Mar 2008
Xiaohong Chen, Jack Y Favilukis and Sydney C. Ludvigson
Yale University - Cowles Foundation, University of British Columbia (UBC) - Division of Finance and New York University - Department of Economics
Downloads 136 (360,457)
Citation 4

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An Estimation of Economic Models with Recursive Preferences

Cowles Foundation Discussion Paper No. 1883
Number of pages: 59 Posted: 15 Dec 2012
Xiaohong Chen, Jack Y Favilukis and Sydney C. Ludvigson
Yale University - Cowles Foundation, University of British Columbia (UBC) - Division of Finance and New York University - Department of Economics
Downloads 70 (566,139)
Citation 16

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An Estimation of Economic Models with Recursive Preferences

Number of pages: 61 Posted: 10 Jun 2011
Xiaohong Chen, Jack Y Favilukis and Sydney C. Ludvigson
Yale University - Cowles Foundation, University of British Columbia (UBC) - Division of Finance and New York University - Department of Economics
Downloads 66 (584,862)

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non-expected utility, recursive utility

An Estimation of Economic Models with Recursive Preferences

NBER Working Paper No. w17130
Number of pages: 61 Posted: 20 Jun 2011 Last Revised: 23 Apr 2023
Xiaohong Chen, Jack Y Favilukis and Sydney C. Ludvigson
Yale University - Cowles Foundation, University of British Columbia (UBC) - Division of Finance and New York University - Department of Economics
Downloads 32 (800,431)
Citation 22

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13.

Profiting from Real Estate: So Easy a Congressman Can Do It

Number of pages: 71 Posted: 08 Apr 2021 Last Revised: 26 May 2022
Markus Baldauf, Jack Y Favilukis, Lorenzo Garlappi and Keling Zheng
University of British Columbia (UBC) - Division of Finance, University of British Columbia (UBC) - Division of Finance, University of British Columbia (UBC) - Sauder School of Business and University of British Columbia (UBC) - Division of Finance
Downloads 299 (175,273)

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Real estate, housing returns, U.S. Congress, politicians

14.

Are Demographics Responsible for the Declining Interest Rates? Evidence From U.S. Metropolitan Areas

2021 AFA Annual Meeting
Number of pages: 48 Posted: 05 Jan 2017 Last Revised: 08 Jan 2021
Jack Y Favilukis, Jinfei Sheng and Terry Zhang
University of British Columbia (UBC) - Division of Finance, University of California, Irvine - Paul Merage School of Business and Australian National University (ANU)
Downloads 290 (181,003)

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Demographics, Deposit Rates, Lending Rates, Bank Competition

15.

Why Zoning is Too Restrictive

Number of pages: 39 Posted: 22 Aug 2023
Jack Y Favilukis and Jaehee Song
University of British Columbia (UBC) - Division of Finance and University of Colorado Boulder
Downloads 264 (199,098)

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Determinants of zoning, Housing affordability

16.

Micro Frictions, Asset Pricing, and Aggregate Implications

Number of pages: 39 Posted: 22 Nov 2010 Last Revised: 26 Nov 2011
Jack Y Favilukis and Xiaoji Lin
University of British Columbia (UBC) - Division of Finance and University of Minnesota
Downloads 249 (210,952)
Citation 5

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Micro Frictons, Asset Pricing, General Equilibrium

17.

The Carry Trade and Uncovered Interest Parity When Markets Are Incomplete

Number of pages: 60 Posted: 23 May 2015 Last Revised: 29 May 2015
Jack Y Favilukis, Lorenzo Garlappi and Sajjad Neamati
University of British Columbia (UBC) - Division of Finance, University of British Columbia (UBC) - Sauder School of Business and University of British Columbia (UBC) - Division of Finance
Downloads 235 (223,207)
Citation 5

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uncovered interest parity, carry trade, incomplete markets, non-traded goods, Backus-Smith puzzle, Balassa-Samuelson effect, sovereign default

18.

Foreign Ownership of U.S. Safe Assets: Good or Bad?

Downloads 224 (233,606)

Foreign Ownership of U.S. Safe Assets: Good or Bad?

NYU Working Paper No. 2451/31435
Number of pages: 70 Posted: 13 Jan 2012 Last Revised: 10 Feb 2014
Jack Y Favilukis, Sydney C. Ludvigson and Stijn Van Nieuwerburgh
University of British Columbia (UBC) - Division of Finance, New York University - Department of Economics and Columbia University Graduate School of Business
Downloads 198 (261,342)

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international capital flows, international risk sharing, foreign purchases of safe assets

Foreign Ownership of U.S. Safe Assets: Good or Bad?

NBER Working Paper No. w19917
Number of pages: 62 Posted: 24 Feb 2014 Last Revised: 04 Jun 2023
Jack Y Favilukis, Sydney C. Ludvigson and Stijn Van Nieuwerburgh
University of British Columbia (UBC) - Division of Finance, New York University - Department of Economics and Columbia University Graduate School of Business
Downloads 26 (852,365)

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19.

Long Run Productivity Risk and Aggregate Investment

Fisher College of Business Working Paper No. 2012-03-014, Charles A. Dice Center Working Paper No. 2012-14
Number of pages: 63 Posted: 03 Aug 2012 Last Revised: 27 Mar 2013
Jack Y Favilukis and Xiaoji Lin
University of British Columbia (UBC) - Division of Finance and University of Minnesota
Downloads 219 (238,652)
Citation 2

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Nonlinearities, Investment, History Dependence, Heteroscedasticity

20.

Wage Rigidity: A Solution to Several Asset Pricing Puzzles

Number of pages: 47 Posted: 17 Mar 2011 Last Revised: 16 Sep 2012
Jack Y Favilukis and Xiaoji Lin
University of British Columbia (UBC) - Division of Finance and University of Minnesota
Downloads 189 (273,014)
Citation 14

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Equity Volatility, Equity Premium, Return Predictability, Wage Rigidity, Long Run Risk, General Equilibrium

21.

Tax-Loss Carry Forwards and Returns

Number of pages: 24 Posted: 21 Jul 2016 Last Revised: 28 Mar 2017
Jack Y Favilukis, Ron Giammarino and Jose Pizarro
University of British Columbia (UBC) - Division of Finance, University of British Columbia (UBC) - Sauder School of Business and University of British Columbia (UBC) - Sauder School of Business
Downloads 184 (279,438)

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Tax-Loss Carry Forward, Equity Returns

22.

How Effective are Portfolio Mandates?

Number of pages: 42 Posted: 02 Oct 2023 Last Revised: 27 Nov 2023
Jack Y Favilukis, Lorenzo Garlappi and Raman Uppal
University of British Columbia (UBC) - Division of Finance, University of British Columbia (UBC) - Sauder School of Business and EDHEC Business School
Downloads 90 (482,104)

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ESG, cost of capital, capital allocation

23.

International Capital Flows and House Prices: Theory and Evidence

NBER Working Paper No. w17751
Number of pages: 64 Posted: 14 Jan 2012 Last Revised: 03 Jul 2023
Jack Y Favilukis, David Kohn, Sydney C. Ludvigson and Stijn Van Nieuwerburgh
University of British Columbia (UBC) - Division of Finance, Instituto de Economia, Pontificia Universidad Catolica de Chile, New York University - Department of Economics and Columbia University Graduate School of Business
Downloads 45 (687,656)
Citation 3

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24.

Reconciling Increasing Wealth Inequality with Increasing Market Participation and a Decreasing Equity Premium

NYU Working Paper No. FIN-06-006
Number of pages: 26 Posted: 03 Nov 2008
Jack Y Favilukis
University of British Columbia (UBC) - Division of Finance
Downloads 39 (727,072)

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