Taxing homes in an economic boom and subsidising them in a crash could prevent the next housing crisis
Peer-Reviewed Publication
Updates every hour. Last Updated: 20-Dec-2025 15:11 ET (20-Dec-2025 20:11 GMT/UTC)
Urban shrinkage is a natural phase in the life cycle of industrialized cities that occurs due to population decline. Most studies, however, overlook urban shrinkage in medium-sized cities. To address this gap, researchers analyzed the spatial distribution and the factors affecting urban shrinkage of medium-sized cities at the county level in China. Based on the findings, the researchers also proposed crucial policy changes to mitigate urban shrinkage.
Socially responsible investors (SRIs) often see themselves as agents of social or environmental progress. They buy into polluting or “dirty” companies believing that their capital can nudge a business toward a cleaner path. But a new study by finance professors at the University of Rochester, Johns Hopkins University, and the Stockholm School of Economics argues that this logic can backfire. Instead of accelerating environmental reforms, SRIs may unintentionally create incentives for firms to postpone them.