). First, a conditional logit model is estimated for each urban area, in which moving households are assumed to sort based on … jurisdiction distance to the central city and jurisdiction mean of households' incomes (as a proxy for the level of public … values of dissimilarity indexes computed on the basis of the counterfactual households distributions and on the observed …

, homeownership exhibits a large increase, while the mobility and labor income of households experiencing negative labor market shocks …

price, especially if one moves to another housing market. However, households who sell a house typically buy another house …, whose purchase price is also uncertain. We show that for such households, home owning often hedges their net exposure to … house prices covary and households tend to move between the highly correlated housing markets. Taking these two …