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Are American Homeowners Locked into Their Houses? The Impact of Housing Market Conditions on State-to-State Migration

Modestino, Alicia - 2012

U.S. policymakers are concerned that negative home equity arising from the severe housing market decline may be constraining geographic mobility and consequently serving as a factor in the nation's persistently high unemployment rate. Indeed, the widespread drop in house prices since 2007 has...

Persistent link: https://www.econbiz.de/10013102538

The Effect of Homeownership on Geographic Mobility and Labor Market Outcomes

Winkler, Hernan - 2011

This paper examines the effect of homeownership on mobility and labor income and provides new evidence that owning a … experiments. The first shows that the home mortgage deduction has a positive effect on homeownership, affects mobility and creates …, homeownership exhibits a large increase, while the mobility and labor income of households experiencing negative labor market shocks …

Persistent link: https://www.econbiz.de/10013132270

Right to Buy? Time to Move? Investigating the Effect of the Right to Buy on Moving Behaviour in the UK

van Ham, Maarten - 2010

One of the goals of the Right to Buy (RTB) was to stimulate labour migration by removing the debilitating effect of social housing on geographical mobility. This is the first study to examine rigorously whether the Right to Buy legislation did indeed 'free-up' those in social housing who bought...

Persistent link: https://www.econbiz.de/10013139062

Right to buy... time to move? : investigating the effect of the right to buy on moving behaviour in the UK

Ham, Maarten van; Williamson, Lee; Feijten, Peteke; … - 2010

Persistent link: https://www.econbiz.de/10008796487

Retirement, housing mobility, downsizing and neighbourhood quality : a causal investigation

Ha Trong Nguyen; Mitrou, Francis; Zubrick, Stephen R. - 2021

This paper provides the first causal evidence on the impact of retirement on housing choices. Our empirical strategy exploits the discontinuity in the eligibility ages for state pension as an instrument for the endogenous retirement decision and controls for time-invariant individual...

Persistent link: https://www.econbiz.de/10012585807

Adjustment in Local Labour and Housing Markets

Grimes, Arthur L.; Maré, David C.; Morten, Melanie - 2015

This paper analyses local labour and hosuing market adjustment in New Zealand from 1989 to 2006. We use a VAR approach to examine the adjustment of employment, employment rate, participation rate, wages, and house prices in response to employment shocks. Migration is a major adjustment response...

Persistent link: https://www.econbiz.de/10014224901

Distant Shocks, Migration, and Housing Supply in India

Dutta, Arnab; Gandhi, Sahil; Green, Richard K. - 2021

It is hard to estimate housing supply elasticities. India is a particularly useful country to study housing supply because it is large and has a variety of housing typologies. We estimate the supply elasticity of non-durable, durable, and vacant residential housing units in urban India. We use...

Persistent link: https://www.econbiz.de/10013234812

Long-term effects of weather-induced migration on urban labor and housing markets

Busso, Matias; Chauvin, Juan Pablo - 2023

This paper explores the effects of weather-induced rural-urban migration on urban labor and housing markets in Brazil. In order to identify causal effects, it uses weather shocks to the rural municipalities of origin of migrants. We show that larger migration shocks led to an increase in...

Persistent link: https://www.econbiz.de/10014474584

Transfer taxes and household mobility : distortion on the housing or labour market?

Hilber, Christian; Lyytikäinen, Teemu - 2015

We estimate the effect of the UK Stamp Duty Land Tax on household mobility using micro data. The UK (until 2014) provided an ideal setting to explore the impact of housing transfer taxes on mobility decisions. This is partly because the stamp duty liability is quite substantial, at least for...

Persistent link: https://www.econbiz.de/10011476354

The effect of homeownership on the option value of regional migration

Oswald, Florian - In: Quantitative economics : QE ; journal of the … 10 (2019) 4, pp. 1453-1493

This paper estimates a lifecycle model of consumption, housing choice, and migration in the presence of aggregate and regional shocks, using the Survey of Income and Program Participation (SIPP). The model delivers structural estimates of moving costs by ownership status, age, and family size...

Persistent link: https://www.econbiz.de/10012202852