Fagprofil

Erling Røed-Larsen

Professor II - Institutt for samfunnsøkonomi

Biografi

Erling Røed Larsen is a professor II of Economics at BI Norwegian Business School where he teaches Managerial Economics for the EMBA-program. He obtained his Ph.D. in Economics at University of California, Berkeley in 2001, having professor Brad DeLong as his main advisor and professors Michael Hanemann and Clair Brown as co-advisors. He also holds an MA in Mathematical Statistics from the University of California, Berkeley (1999) and a cand.polit.-degree in Economics from the University of Oslo (1995). He is full-time Head of Research at Eiendomsverdi and he has a secondary (20%) position at Formuesforvaltning as Senior Economist.

Røed Larsen has been a Visiting Scholar at University of California, Berkeley (2002-2003) and at Copenhagen Business School (2008-2009) and he has published in international journals such as Economic Journal, Journal of Urban Economics, Economics Letters, Scandinavian Journal of Economics, Journal of Health Economics, Empirical Economics, and Regional Science and Urban Economics. He has written four popular science books on Economics, and "Alt du vil vite om samfunnsøkonomi - men aldri har våget å spore om" was the first. The latest is "Penger", which was published in 2012. He has been a columnist for Aftenposten since 2005 and continues to write "Ukeslutt"-articles every sixth week.

Røed Larsen has founded his own publishing company, Scriptorium norsk forlag AS, and he has advised ministries on current policy issues in the form of analyses. He is a popular speaker and gives a number of lectures on Economics each year for policymakers, business leaders, and the general public. He has appeared a number of times on national radio and TV and is interviewed in the media regularly.

Research areas

Empirical economics; Applied micro; Urban and housing economics;Consumer behavior; Resource economics.

Publikasjoner

Anundsen, Andre Kallåk & Røed Larsen, Erling (2018)

Testing for micro-efficiency in the housing market

International Economic Review, 59(4), s. 2133- 2162. Doi: 10.1111/iere.12332

Using highly granular transaction-level data for the Norwegian housing market over the period 2002–2014, we investigate whether excessive prices persist or revert in repeat sales. Excessiveness in prices is detected by comparing selling prices to predicted prices implied by a hedonic model, which includes a rich set of attributes. Persistence is rejected and there is substantial reversion in excessive prices. Our results also show little scope for profitable arbitrage by investing in apparently underpriced units. We suggest that excessive prices are related to the stochastic arrival of interested purchasers at public showings, which we show is nonrepeatable.

Røed Larsen, Erling (2018)

Can monetary policy revive the housing market in a crisis? Evidence from high-resolution data on Norwegian transactions

Journal of Housing Economics, 42, s. 69- 83. Doi: 10.1016/j.jhe.2018.01.002

Studying a Norwegian high-resolution housing transaction data set, this article examines the link between the monetary policy reversal and the housing market upswing in the fall of 2008. I construct a hedonic time dummy price index and track changes over short time periods in order to inspect interruptions and turning-points. To control for seasonal effects, I compare price differences in 2008 with differences in years before and after. The evidence shows the existence of a pronounced house price index turn-around immediately after the monetary policy reversal was initiated. Plausible transmission mechanisms are established. Alternative exogenous causal factors are ruled out or appear implausible. An endogenous explanation is shown to be unlikely. The evidence thus suggests that the monetary policy reversal played a significant role in the housing market recovery.

Røed Larsen, Erling & Solli, Ingeborg Foldøy (2016)

Born to run behind? Persisting birth month effects on earnings

Labour Economics, 46, s. 200- 210. Doi: 10.1016/j.labeco.2016.10.005

Nenov, Plamen; Røed Larsen, Erling & Sommervoll, Dag Einar (2016)

Thick-market effects, housing heterogeneity, and the determinants of transaction seasonality

Economic Journal, 126(598), s. 2402- 2423. Doi: 10.1111/ecoj.12305

Anundsen, Andre Kallåk & Røed Larsen, Erling (2014)

Strategic sequencing behavior among owner-occupiers: The role played by sell-first movers in a housing recovery

Journal of European Real Estate Research, 7(3), s. 295- 306. Doi: 10.1108/JERER-01-2014-0004

Røed-Larsen, Erling (2014)

The Engel Curve of Owner-Occupied Housing Consumption

Journal of Applied Economics, 17(2), s. 325- 352. Doi: 10.1016/S1514-0326(14)60015-5

Røed-Larsen, Erling (2014)

Is the Engel curve approach viable in the estimation of alternative PPPs?

Empirical Economics, 47(3), s. 881- 904. Doi: 10.1007/s00181-013-0766-6

Røed-Larsen, Erling (2010)

What May Eventually Limit House Prices? Evidence from Engel Elasticities and Budget Shares on Housing

Housing, Theory and Society, 27(1), s. 95- 108.

Røed-Larsen, Erling; Beatty, Timothy K.M. & Sommervoll, Dag Einar (2010)

Using House Prices to Compute the Price of Housing in the CPI

Economics Letters, 106(3), s. 238- 240.

Røed-Larsen, Erling (2009)

Using Inverted Engel Curves to Estimate Material Standard of Living in a Household

Empirical Economics, 36, s. 109- 132.

Røed-Larsen, Erling & Sommervoll, Dag Einar (2009)

Impact on Rent from Tenant and Landlord Characteristics and Interaction

Regional Science and Urban Economics, 39, s. 316- 322.

Røed-Larsen, Erling; Beatty, Timothy K.M. & Sommervoll, Dag Einar (2009)

Driven to Drink? Sin Taxes near a Border

Journal of Health Economics, 28(6), s. 1175- 1184.

Røed-Larsen, Erling & Weum, Steffen (2008)

Testing the Efficiency of the Norwegian Housing Market

Journal of Urban Economics, 64, s. 510- 517.

Røed-Larsen, Erling (2007)

Does the CPI Mirror the Cost of Living? Engel's Law Suggests Not in Norway

The Scandinavian Journal of Economics, 109(1), s. 177- 195.

Røed-Larsen, Erling (2006)

Escaping the Resource Curse and the Dutch Disease? When and Why Norway Caught up with and Forged ahead of Its Neighbors

The American journal of economics and sociology, 65(3), s. 605- 640.

Røed-Larsen, Erling (2006)

Distributional Effects of Environmental Taxes on Transportation: Evidence from Engel Curves in the United States

Journal of Consumer Policy, 29(3), s. 301- 318.

Røed-Larsen, Erling & Beatty, Timothy K.M. (2005)

Using Engel Curves to Estimate Bias in the Canadian CPI as a Cost of Living Index

Canadian Journal of Economics, 38(2), s. 482- 499.

Røed-Larsen, Erling (2005)

Are Rich Countries Immune to the Resource Curse? Evidence from Norway's Management of Its Oil Riches

Resources policy, 30(2), s. 75- 86.

Røed-Larsen, Erling (2005)

The Top Three Questions in Economics: When Theory is Confronted with History

Scandinavian Economic History Review, 53(3), s. 34- 57.

Røed-Larsen, Erling & Sommervoll, Dag Einar (2004)

Inequality of Housing? Evidence from Segmented House Price Indices

Housing, Theory and Society, 21(2), s. 77- 88.

Røed-Larsen, Erling & Aasness, Jørgen (2003)

Distributional Effects of Environmental Taxes on Transportation

Journal of Consumer Policy, 26(3), s. 279- 300.

Røed-Larsen, Erling (2003)

The Purchase of Equipment as a Factor in Consumer Production of Outdoor Experiences

Journal of Consumer Policy, 26(3), s. 351- 371.

Røed-Larsen, Erling (2003)

From Data to Decision: The Three Elements of Policymaking Illustrated by the Case of Global Warming

Nordic Journal of Political Economy, 29(2), s. 133- 154.

Røed Larsen, Erling (2016)

Når markedet ikke gjør jobben, «Ukeslutt», Aftenposten

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (2016)

Game of Homes, «Ukeslutt», Aftenposten

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (2016)

Hvorfor er flyplassmat så dårlig? «Ukeslutt», Aftenposten

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (2016)

USA er tilbake, «Ukeslutt», Aftenposten,

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (2015)

Intervju med NRK i forbindelse med Det norske boligmarkedet, foredrag i dialogmøte med finansminister Siv Jensen, Oslo: Finansdepartementet

NRK [Radio]

Røed Larsen, Erling (2015)

Panelmedlem, «Debatten», Tema: Økonomisk vekst og miljø, direktesending på TV, NRK 1

NRK 1, "Debatten", direktesendt [TV]

Røed Larsen, Erling (2015)

Nærmere, høyere, tettere, «Ukeslutt»

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (2015)

Kortere arbeidstid? «Ukeslutt»

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (2015)

Har vi råd til kø? «Ukeslutt»

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (2015)

Vekst er en del av løsningen, «Ukeslutt»

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (2015)

Ti år med bom og treff, «Ukeslutt»

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (2015)

Upopulær økonomi, «Ukeslutt»

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (2015)

Gull, whisky og olje, «Ukeslutt»

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (2014)

Er bitcoins fremtidens penger? «Slik jeg ser det»

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed-Larsen, Erling (2013)

Intervju om norsk prisnivå og oljepenger, NRK P1 Nitimen, 6. april 2013 (10 min)

NRK Radio [Radio]

Røed-Larsen, Erling (2011)

Sprekker euroen? ”Ukeslutt”, Aftenposten, 10. november 2011, Økonomi s 7

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed-Larsen, Erling (2011)

På med tenkehetten! ”Ukeslutt”, Aftenposten, 30. september 2011, Økonomi s 7

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed-Larsen, Erling (2011)

Gjeld er bra, ”Ukeslutt”, Aftenposten, 9.september 2011, Økonomi s 8

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed-Larsen, Erling (2011)

Euroen i vanskeligheter, ”Signert”, Aftenposten, 16.juli 2011, Økonomi s 10

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed-Larsen, Erling (2011)

Stolleken i boligmarkedet, ”Signert”, Aftenposten, 12. mai 2011, Økonomi s 11

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed-Larsen, Erling (2011)

Oslo må søke om OL! ”Signert”, Aftenposten, 12. april 2011, Økonomi s 8

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed-Larsen, Erling (2011)

Økonomisk back-to-the-future, ”Signert”, Aftenposten, 10. mars 2011, Økonomi s 10

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed-Larsen, Erling (2011)

Økonomi opp(e) i luften? ”Signert”, Aftenposten 3. februar 2011, Økonomi s 10

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (1)

Hvordan kan livsviktige medisiner ha så høye priser? «Signert», Aftenposten, 11. desember 2017, s 2

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (1)

Kjøper du mer eller mindre nå som boligene er blitt billigere? «Signert», Aftenposten, 13. november 2017 s 2

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (1)

Trenger SSB en forskningsavdeling? debattinnlegg, Aftenposten, 1. november 2017, del 2, s 19

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (1)

Kan vi innføre sekstimersdagen nå? «Signert», Aftenposten 16. oktober 2017, s 2

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (1)

Kan det være slemt å være snill? «Signert», Aftenposten, 18. september 2017, s 2

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (1)

Tre momenter å tenke over når du stemmer, «Signert», Aftenposten, 21. august 2017, s 2

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (1)

Sentralisering er et gode, ikke et onde, «Signert», Aftenposten, 22. mai 2017, s 3

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (1)

Når vinneren tar alt, «Signert», Aftenposten, 3. april 2017, s 3

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (1)

Når private selskaper får mer makt enn land, «Signert», Aftenposten, 27. februar 2017, s 3

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (1)

Trumfer Trump verdenshandelen? «Signert», Aftenposten, 24. januar 2017, Del 2, s 17

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (1)

Hvem skaper verdiene i Norge? «Ukeslutt»

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (1)

Hva har Norge egentlig råd til? «Ukeslutt»

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (1)

Meglernes gode boligstatistikk

Dagens næringsliv [Kronikk]

Røed Larsen, Erling (1)

Lynkurs i læreryrkets økonomi, «Ukeslutt»

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (1)

Vil avisene leve i 2034? «Ukeslutt»

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (1)

Vil vi mangle jobber i fremtiden? «Ukeslutt»

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (1)

Det farligste gapet, «Ukeslutt», Aftenposten

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (1)

Hvordan få Norge på skinner, «Slik jeg ser det»

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed-Larsen, Erling (1)

Norges økonomi i 2013, “Slik jeg ser det,” Aftenposten, 24.1.2013, Økonomi s 18

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed-Larsen, Erling (1)

Vi må få Norge på skinner, “Slik jeg ser det,” Aftenposten, 14.2.2013, Økonomi s 18

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed-Larsen, Erling (1)

Ti tøffe tiltak, “Slik jeg ser det”, Aftenposten, 3. 5. 2013, Økonomi s 18

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed-Larsen, Erling (1)

Betaling eller belønning? “Slik jeg ser det”, Aftenposten, 29. 8. 2013, Økonomi s 18

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed-Larsen, Erling (1)

Rakettøkonomi, ”Ukeslutt”, Aftenposten, 6. januar 2012, Økonomi s 7

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed-Larsen, Erling (1)

Bøker er tenkningens fyrtårn, ”Ukeslutt”, Aftenposten, 13. april 2012, Økonomi s 7

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed-Larsen, Erling (1)

Boligpriser i en oljesmurt økonomi, ”Ukeslutt”, Aftenposten, 1. juni 2012, Økonomi s 7

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed-Larsen, Erling (1)

Trening av hodet, ”Ukeslutt”, Aftenposten, 31. august 2012, Økonomi s 6

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed-Larsen, Erling (1)

USAs valg, ”Ukeslutt”, Aftenposten, 19. oktober 2012, Økonomi s 6

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed-Larsen, Erling (1)

Toll tar timer, “Ukeslutt”, Aftenposten, 30. november 2012, Økonomi s 6

Aftenposten (morgenutg. : trykt utg.) [Kronikk]

Røed Larsen, Erling (2017)

Den nye økonomien: kunnskapsøkonomien, Formue, 1/2007, s 14 - 19

[Popular scientific article]. Formue, 2017(1)

Røed Larsen, Erling (2017)

Using removed treatment design to help solve the weekday-effect puzzle in the Norwegian housing market, konferanseforedrag, Urban Economic Association session på det 64. Årlige NARSC 2017, 11. November 2017, Vancouver: Hyatt Regency

[Academic lecture]. Urban Economic Association conference.

Røed Larsen, Erling (2017)

Using removed treatment design to help solve the weekday-effect puzzle in the Norwegian housing market, Nasjonalt forskermøte, Samfunnsøkonomisk forening, Oslo: HiOA, 3. januar 2017

[Academic lecture]. Det årlige nasjonale forskermøte for samfunnsøkonomer.

Røed Larsen, Erling (2017)

Thin markets, house price seasonality, and the December discount, 92. årlige konferanse, Western Economic Association, San Diego, CA: Marriot, 28. juni 2017

[Academic lecture]. Western Economic Association International Annual Conference, 92nd Annual.

Sommervoll, Dag Einar; Røed Larsen, Erling & Anundsen, Andre Kallåk (2016)

The Determinants of High Prices and Quick Sales in English Housing Auctions: How Do the Number of Viewers, Bidders, and Bids Affect the Sell-Ask Spread and the Time-on-Market?

[Academic lecture]. Western Economic Association International Conference.

Røed Larsen, Erling (2016)

Verdenshandelen og valget i USA, Formue 1/2016, s 4 – 9

[Popular scientific article]. Formue, s. 4- 9.

Røed Larsen, Erling (2016)

Is there a weekday effect in the Norwegian housing market? Evidence from a reversed treatment design on repeat-sales data

[Academic lecture]. Western Economic Association International Annual Conference, 91st Annual.

Røed Larsen, Erling (2015)

Hva skjer – med Norge og verden?

[Popular scientific article]. Formue, s. 4- 11.

Røed Larsen, Erling (2015)

The Efficiency of Housing Markets: Does Winning the Bidding Imply Losing the Long Term Return

[Academic lecture]. European Network of Housing Research (ENHR).

Røed Larsen, Erling (2015)

The Efficiency of Housing Markets: Does Winning the Bidding Imply Losing the Long Term Return

[Academic lecture]. Western Economic Association International 2015.

Røed Larsen, Erling (2014)

Did the 2008 Monetary Policy Reversal Reverse the Norwegian Housing Market

[Academic lecture]. Seminar Norges Bank.

Røed Larsen, Erling (2014)

Did the 2008 monetary policy reversal in Norway reverse the housing market?

[Academic lecture]. Western Economic Association conference.

Røed Larsen, Erling (2014)

Did the 2008 Monetary Policy Reversal Reverse the Norwegian Housing Market? Nasjonalt forskermøte, Oslo: BI 7. Januar 2014

[Academic lecture]. Nasjonalt forskermøte, Oslo: BI 7. januar 2014.

Sommervoll, Dag Einar; Røed Larsen, Erling & Halvorsen, Elin (2013)

Take it or leave it? Home equity withdrawal and house appreciation

[Academic lecture]. Western Economic Association International Conference.

Røed-Larsen, Erling (2013)

Thick and Thin Housing Markets: Why, When, and Where are There Temporal Concentrations of Transactions, 88. WEAI-konferanse, Seattle, 28.juni – 2. juli 2013 (based on results in paper with Plamen Nenov and Dag Einar Sommervoll)

[Academic lecture]. Western Economic Association International Annual Conference.

Røed-Larsen, Erling (2013)

Da verden gikk tom for gull, Dine Penger 6 – 2013, s 96 – 98

[Popular scientific article]. Dine Penger, 6, s. 96- 98.

Røed-Larsen, Erling (2013)

Hvorfor er det så dyrt i Norge?

[Popular scientific article]. Formue, s. 4- 11.

Røed-Larsen, Erling (2013)

Norsk økonomi på kort og lang sikt

[Popular scientific article]. Formue, s. 4- 11.

Røed-Larsen, Erling (2012)

Penger

[Popular scientific book]. Scriptorium norsk forlag.

Røed-Larsen, Erling (2012)

Pengenes natur og tidlige historie

[Popular scientific article]. Formue

Røed-Larsen, Erling (2012)

Kan vi bare trykke penger? Formue

[Popular scientific article]. Formue

Røed-Larsen, Erling (2012)

Interdependent Supply and Demnd in the Housing Market: The Use of Home Equity and Its Impact on Stability

[Academic lecture]. WEAI conference 2012.

Røed-Larsen, Erling (2011)

Europas vei videre: integrasjon eller separasjon? Formue 2/2011, s 5 – 11

[Article in business/trade/industry journal]. Formue, 2, s. 5- 11.

Røed-Larsen, Erling (2011)

Bør Europa ha sin egen valuta, Formue 1/2011, s 5-11

[Article in business/trade/industry journal]. Formue, 1, s. 5- 11.

Akademisk grad
År Akademisk institusjon Grad
2001 University of California, Berkeley Ph.D.
1999 University of California, Berkeley M.A.
1995 University of Oslo Master Cand. Polit.
Arbeidserfaring
År Arbeidsgiver Tittel
2016 - Present BI Norwegian Business School Professor II
2013 - Present Eiendomsverdi Head of Research
2011 - 2016 BI Norwegian Business School Professor
2010 - 2011 BI Norwegian Business School Associate Professor
2005 - 2010 Statistics Norway Senior Research Fellow
2001 - 2005 Statistics Norway Research Fellow
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