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

Modestino, Alicia - 2015

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

Persistent link: https://www.econbiz.de/10013036520

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

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 impact of migration on a regulated rental market

Tyrcha, Adam Alexander - In: Region : the journal of ERSA 7 (2020) 1, pp. 35-48

Throughout the 20th century, the Swedish rental market has generally been heavily regulated, with both a rental queue in place, as well as generally fixed rents, with limited ability to vary these. Though these systems remain in place, in the 21st century, a number of deregulatory measures have...

Persistent link: https://www.econbiz.de/10012203408

The economics of internal migration : advances and policy questions

Jia, Ning; Molloy, Raven S.; Smith, Christopher L.; … - 2022

We review developments in research on within-country migration, focusing on internal migration in the U.S. We begin by describing approaches to modelling individuals' migration decisions and equilibrium outcomes across local areas. Next, we summarize evidence regarding the impact of migration on...

Persistent link: https://www.econbiz.de/10012820758

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/10001739593

Housing Tenure and Unemployment

Green, Richard K. - 2015

In this article, we test whether tenure choice influences employment. This influence might arise through a number of channels, including transaction costs, lock-in effects, wealth effects, externalities and commuting times. These factors could collectively have either a positive or negative...

Persistent link: https://www.econbiz.de/10013019702