About Anders Österling
I grew up a computer geek, which got me to study mathematics. A job as a financial mathematician (quantitative analyst) got me interested in economics. I’m currently pursuing a PhD in Economics at Stockholm University, Sweden. My main research interest is residential real estate and mortgages.
Education
MSc and BSc (hons) in Mathematics. BSc in Economics. PhD in Economics planned for June 2017.
Work Experience
Financial mathematician, div. consultancy gigs in real estate, data analysis and IT. Lumberjack.
Research
| Paper Name | Last version |
|---|---|
| Underpricing Regimes in Housing Markets (Job Market Paper) | 2016-11-24 |
| I study a staggered policy change intended to reduce bidding wars for homes by increasing their list price and eliminating underpricing. Using a novel and large micro data set and a difference-in-difference methodology, I find that increasing the list price reduces the buyer arrival rates in all stages of the search process -- online, at the open houses, and during bidding -- and increases the probability of a failed sale. I find a strong null effect on the sales price which can be bounded to a tight interval around zero. I find no effect on the sales effort exerted by real estate agents, nor on time-on-market. To explain these findings, I develop a search model where a non-committing list price is set optimally by real estate agents and where the list price directs buyers' search. The model is consistent with my empirical findings, and can explain why the policy did not last in the long run. | |
| Mortgage Default Policies and Mortgage Products in An Incomplete Markets Model (with Roine Vestman and Jakob Almerud) | In progress | De-cursing dimensionality in exogenous state variables: stochastic grids and nearest neighbor expectations (with Jakob Almerud) | In progress |
Media coverage and interviews
- June 6, 2016: TV.
Sweden’s version of The Today Show - Gomorron Sverige on the Government operated channel SVT1 - invited me to discuss the consequences on the housing market of the introduction of forced amortizations on newly emitted mortgages.
- August 11, 2016: Radio.
The Stockholm channel of the Swedish National Radio, P4, interviewed me regarding my research on the effect of a policy shift in the listing prices for homes used by real estate agents.
- August 11, 2016: Newspaper.
Sweden’s largest newspaper, Dagens Nyheter, interviewed me regarding my research on the effect of a policy shift in the listing prices for homes used by real estate agents.
Link to online article, PDF version - August 11, 2016: Online news site.
Sweden’s largest online news for construction, ByggaHus.se, discuss the results from my paper on listing prices.
Link to online article, PDF version
Scheduled talks (excluding job market talks)
Spring 2017
- American Economic Association meetings in Chicago, US
- KTH Royal Institute of Technology, Stockholm, Sweden
- London School of Economics, UK
Fall 2016
- Universitat Autonoma de Barcelona, Barcelona, Spain
- Research Institute of Industrial Economics, Stockholm, Sweden
- Stockholm University, Stockholm, Sweden
- ENTER conference, Stockholm, Sweden
- ReCapNet conference at ZEW Manheim, Germany
- Swedish House Of Finance, Stockholm, Sweden