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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/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

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

Ortalo-Magné, François; Rady, Sven - 2002

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

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

Finnish homes : through passages or traps?

Laakso, Seppo - In: Real estate economics : journal of the American Real … 23 (1995) 4, pp. 475-495

Persistent link: https://www.econbiz.de/10001193474

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

Cultural biases in migration : estimating non-monetary migration costs

Falck, Oliver; Lameli, Alfred; Ruhose, Jens - 2015

Ever since Sjaastad (1962), researchers have struggled to quantify the psychic costs 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/10010498534

Risk attitudes and household migration decisions

Dustmann, Christian; Fasani, Francesco; Meng, Xin; … - 2017

This paper analyses the relation between individual migrations and the risk attitudes of other household members when migration is a household decision. We develop a simple model that implies that which member migrates depends on the distribution of risk attitudes among all household members,...

Persistent link: https://www.econbiz.de/10011625338

The Effect of Business Cycle Fluctuations on Migration Decisions

Ransom, Tyler - 2016

I examine mechanisms that differentially influence migration behavior in response to labor market shocks between employed and unemployed workers in the US. Over the period of the Great Recession, overall migration rates in the US remained close to their respective long-term trends. However,...

Persistent link: https://www.econbiz.de/10012997651