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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/10011514075

Bonakdar, Said Benjamin; Roos, Michael W. M. - 2021

Residential choice does not only depend on properties of the dwelling, neighborhood amenities and affordability, but is also affected by the population composition within a neighbourhood. All these attributes are capitalised in the house price. Empirically, it is not easy to disentangle the...

Persistent link: https://www.econbiz.de/10012433602

"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

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

Ortalo-Magné, François; Rady, Sven - 2002

Persistent link: https://www.econbiz.de/10001739593

Housing Transfer Taxes and Household Mobility : Distortion on the Housing or Labour Market?

Hilber, Christian A. L. - 2013

We estimate the effect of the UK Stamp Duty Land Tax on household mobility using micro data. Exploiting a discontinuity in the tax schedule as a quasi-experimental setting, we isolate the impact of the stamp duty from other determinants of mobility. We compare homeowners with self-assessed house...

Persistent link: https://www.econbiz.de/10013077916

Spatial Variation of In-migration to Moscow : Testing the Effect of Housing Market

Kashnitsky, Ilya - 2016

The collapse of state socialism and the introduction of market relationships in Central and Eastern Europe resulted in profound changes of urban development. Evidence from Central and Eastern Europe indicates that the development of a strong housing market and growing material inequalities...

Persistent link: https://www.econbiz.de/10012980040

Gentrification and Residential Mobility in Philadelphia

Ding, Lei - 2016

Gentrification has provoked considerable debate and controversy about its effects on neighborhoods and the people residing in them. This paper draws on a unique large-scale consumer credit database to examine the mobility patterns of residents in gentrifying neighborhoods in the city of...

Persistent link: https://www.econbiz.de/10013003222

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

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