’ decisions to move depend not only on job prospects but also on the relative cost of housing. I investigate how the housing … homeowners versus renters, and the relative cost of housing across markets. I use homeownership rates to measure the former, and … use an index that measures house prices across metropolitan statistical areas (MSAs) and the price elasticity of housing …

housing markets. Modelling regional unemployment differentials as a consequence of centralized wage bargaining, we show that … amenities, housing is found to be about 3 percent less expensive on average in cities where unemployment is 10 percent up. An … analysis of housing demand survey data, which takes account of housing heterogeneity, yields a similar negative relationship …