Rent-to-income ratios have risen over the past two decades with large increases at the bottom of the income distribution, prompting concern about a housing affordability crisis. This paper uses minimum wage changes as a natural experiment to study the relationship between housing demand &...

I provide causal evidence on the long-term effects of initial labor market conditions on housing outcomes by exploiting the unemployment rate at graduation for college graduates across Europe. The results indicate that individuals who graduate at a bad time are more likely to live with their...