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This paper aims to fill two purposes: 1) we document that housing price index between different cities have inter-correlation. This means that when the housing price in one city goes up the other city follows. However, in the case of a big city and a small city, the housing price index of small city follows the path of housing price index in the small city. 2) The housing price index is a measure of wellbeing and wealth of residents. At the onset of a pandemic, wealthy and richer people have a wealth-protective shield against the disease. We show that this is the case in the US. We document that higher housing price indexes are associated with lower confirmed case of Covid-19 and lower risks of death due to the disease.

The Fetal Origin Hypothesis show that the prenatal development period is a critical period for birth outcomes. Applying a panel data fixed effect model and using the universe of birth records in the US, I find that exposure to the holy month Ramadan, during which Muslim mothers fast for the whole day, during prenatal development has negative birth outcomes. Exposure to a full month of fasting is associated with 96 grams lower birth-weight. These results are robust across specifications and do not appear to be driven by mothers’ selective fertility.