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Beyond Racial Attitudes : The Role of Outside Options in the Dynamics of White Flight

Blair, Peter Q. - National Bureau of Economic Research - 2023

When the fraction of minorities in a neighborhood exceeds the tipping point white flight accelerates. I develop a revealed-preference method to estimate the tipping points of 38,000 census tracts and the preferences of households for minority neighbors in the 123 Metropolitan Statistical Areas...

Persistent link: https://www.econbiz.de/10014250154

Household Mobility and Mortgage Rate Lock

Liebersohn, Jack; Rothstein, Jesse - National Bureau of Economic Research - 2024

show mobility rates fell in 2022 and 2023 for homeowners with mortgages, as market rates rose. We observe both absolute … declines and declines relative to homeowners without mortgages, who are unaffected by mortgage rate lock. Mobility declines are … not explained by changes in home values. Overall, our estimates imply that rising interest rates reduced mobility in 2022 …

Persistent link: https://www.econbiz.de/10015056106

Do Long Distance Moves Discourage Homeownership? Evidence from England

Ha, Sejeong; Hilber, Christian A. L. - Spatial Economics Research Centre, LSE - 2013

We hypothesize that as the distance of a residential move increases, the cost of collecting information on the destination housing market rises, the amount and quality of information collected fall, and the chances of making an ill-informed housing purchase decision increases, reducing the...

Persistent link: https://www.econbiz.de/10010696180

Mismatch Unemployment and the Geography of Job Search

Marinescu, Ioana - 2016

Could we significantly reduce U.S. unemployment by helping job seekers move closer to jobs? Using data from the leading employment board CareerBuilder.com, we show that, indeed, workers dislike applying to distant jobs: job seekers are 35% less likely to apply to a job 10 miles away from their...

Persistent link: https://www.econbiz.de/10012456008