Similar Search Results

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

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

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

Trends in Housing Affordability in U.S. Metropolitan Areas : 1980 to 2010

Chatterjee, Boishampayan - 2015

This paper examines the housing affordability conditions of the low and moderate income rental households in the United States between 1980 and 2010. Using Integrated Public Use Census Microdata Samples (IPUMS) 5% sample data, we create income and rent distribution for households separately for...

Persistent link: https://www.econbiz.de/10013035723

Homeownership : low household mobility, volatile housing prices, high income dispersion

Ortalo-Magné, François; Rady, Sven - 2002

Persistent link: https://www.econbiz.de/10011514075

"We'll always have Paris" : out-of-country buyers in the housing market

Cvijanovic, Dragana; Spaenjers, Christophe - 2018

Previous research has shown that non-local household investors make sub-optimal asset selection and market timing decisions. However, in real estate markets, heterogeneity in returns can exist even with identical ex ante investment (timing) choices, given that transaction prices are the outcome...

Persistent link: https://www.econbiz.de/10012219354

Out-of-area home purchase and U.S. internal migration

Li, Minghao; Liu, Pengfei; Tang, Chuan - In: Journal of regional science 65 (2025) 1, pp. 5-24

Persistent link: https://www.econbiz.de/10015399144

A Spatiotemporal Equilibrium Model of Migration and Housing Interlinkages

Cun, Wukuang; Pesaran, M. Hashem - 2022

This paper develops and solves a spatiotemporal equilibrium model in which regional wages and house prices are jointly determined with location-to-location migration flows. The agent’s optimal location choice and the resultant migration process are shown to be Markovian, with the transition...

Persistent link: https://www.econbiz.de/10013323973

A Spatiotemporal Equilibrium Model of Migration and Housing Interlinkages

Cun, Wukuang - 2020

This paper develops and solves a spatiotemporal equilibrium model in which regional wages and house prices are determined jointly with location-to-location migration flows. The agent's optimal location choice and the resultant migration process is shown to be Markovian with the transition...

Persistent link: https://www.econbiz.de/10012852498