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Homeownership : low household mobility, volatile housing prices, high income dispersion
Ortalo-Magné, François; Rady, Sven - 2002
joint location and tenure mode decisions. To investigate the effect of homeownership on equilibrium prices and allocations … three results. First, homeownership enables more households to remain in the more desirable location at the expense of … newcomers. Second, homeownership adds to the volatility of the housing market. Third, homeownership may amplify the dispersion …
Persistent link: https://www.econbiz.de/10011514075
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The cost of migrating to a culturally different location
Falck, Oliver; Lameli, Alfred; Ruhose, Jens - 2014
Ever since Sjaastad (1962), researchers have struggled to quantify the psychic cost of migration. We monetize psychic cost as the wage premium for moving to a culturally different location. We combine administrative social security panel data with a proxy for cultural difference based on...
Persistent link: https://www.econbiz.de/10010412765
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Houses and/or jobs : ownership and the labour market in Belgian districts
Isebaert, Daan; Heylen, Freddy; Smolders, Carine - 2011
In a number of papers A.J. Oswald (1996, 1997) argues that high rates of home ownership may imply inferior labour market outcomes. This paper tests the Oswald hypothesis in a panel of 42 Belgian districts since the 1970s. The use of data going back to 1970 allows us to embed the Oswald...
Persistent link: https://www.econbiz.de/10009011353
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Dialects, cultural Identity, and economic exchange
Falck, Oliver; Heblich, Stephan; Lameli, Alfred; … - 2010
We investigate whether time-persistent cultural borders impede economic exchange across regions of the same country. To measure cultural differences we evaluate, for the first time in economics, linguistic micro-data about phonological and grammatical features of German dialects. These data are...
Persistent link: https://www.econbiz.de/10003939149
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Why are educated and risk-loving persons more mobile across regions
Bauernschuster, Stefan; Falck, Oliver; Heblich, Stephan; … - 2012
Why are better educated and more risk-friendly persons more mobile across regions? To answer this question, we use micro data on internal migrants from the German Socio-Economic Panel (SOEP) 2000-2006 and merge this information with a unique proxy for region-pair-specific cultural distances...
Persistent link: https://www.econbiz.de/10009621697
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What do we know about the relationship between regionalized aspects of the unemployment insurance system and internal migration in Canada?/ Kathleen M. Day; Stanley L. Winer
Day, Kathleen Mary; Winer, Stanley L. - 2011
The purpose of this paper is to critically review the past four decades of empirical research on the relationship between internal migration and regional variation in the generosity of Canada's unemployment insurance system. It has long been argued that because the Canadian insurance system is...
Persistent link: https://www.econbiz.de/10009130168
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Relocation of the rich : migration in response to top tax rate changes from Spanish reforms
Agrawal, David R.; Foremny, Dirk - 2018
A recent Spanish tax reform granted regions the authority to set income tax rates, resulting in substantial tax differentials. We use individual-level information from Social Security records over a period of one decade. Conditional on moving, taxes have a significant effect on location choice....
Persistent link: https://www.econbiz.de/10011845286
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The isolated states of America : home state bias and the impact of state borders on mobility
Wilson, Riley - 2023
I document a new fact about mobility within the United States. County-to-county migration and commuting drop discretely at state borders. People are three times as likely to move to a county 15 miles away, but in the same state, than to an equally-distant county across state lines. Standard...
Persistent link: https://www.econbiz.de/10014393227
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Pensions, income taxes and homeownership : a cross-country analysis
Fehr, Hans; Hofmann, Maurice; Kudrna, George - 2021
This paper studies the role of pensions and income taxes in determining homeownership and household wealth. It provides … have similar incomes per capita but very different homeownership rates, with the US and Australia having much higher … homeownership compared to Germany. The question is to what extent the observed differences in homeownership are induced by national …
Persistent link: https://www.econbiz.de/10012602340
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Housing-consumption channel of mortgage demand
Ahlfeldt, Gabriel M.; Szumilo, Nikodem; Tripathy, Jagdish - 2024
We quantify the housing-consumption channel in mortgage demand according to which households borrow more following house-price increases since housing and non-housing consumption are imperfect substitutes. To identify this channel, we take a structural approach to mortgage demand and supply,...
Persistent link: https://www.econbiz.de/10014637339