Similar Search Results

Moving to a Job : The Role of Home Equity, Debt, and Access to Credit

Demyanyk, Yuliya - 2014

Using individual-level credit reports merged with loan-level data on mortgages, we estimate how mobility relates to home equity and labor market conditions. We control for constant individual-specific traits with fixed effects and find that homeowners with negative home equity move to other...

Persistent link: https://www.econbiz.de/10013062217

How Does Home Equity Affect Mobility?

Andersson, Fredrik - 2013

This paper investigates the relationship between home equity and household mobility. We first develop a simple theoretical model that suggests a non-unidirectional mobility-equity relationship. We test this hypothesis using a dataset from Florida that allows us to construct home equity measures...

Persistent link: https://www.econbiz.de/10013089771

Understanding the Effects of Homeownership and Regional Unemployment Levels on Migration During the Economic Crisis in Spain

Palomares-Linares, Isabel - 2016

economic crisis. Spain is also a country which is characterised by a very high percentage of homeownership, with more than 83 …% of households being owner-occupiers. Both regional levels of unemployment and homeownership are known to be important … (2001 and 2011) to study the effect of homeownership and regional unemployment levels on both short and long distance …

Persistent link: https://www.econbiz.de/10012982117

Did the Post-1986 Decline in the Homeownership Rate Benefit the New Zealand Labour Market? a Spatial-Econometric Exploration

Cochrane, William - 2019

homeownership and declining unemployment are linked and that the causality runs from high homeownership leading to high unemployment … and mortgaged homeownership. Generally, the evidence that a declining homeownership rate contributes to a lower …

Persistent link: https://www.econbiz.de/10012868003

Home Equity and Labor Income : The Role of Constrained Mobility

Gopalan, Radhakrishnan - 2020

Using detailed data for homeowners in the U.S., we document a negative, non-linear relation between the loan-to-value ratio (LTV) of the primary residence and labor income. Consistent with constrained mobility for high LTV individuals, we find stronger effects among sub-prime, liquidity...

Persistent link: https://www.econbiz.de/10012854326

Out-of-Town Home Buyers and City Welfare

Favilukis, Jack Y - 2020

Many of the world's major cities have attracted a flurry of out-of-town (OOT) home buyers. Such capital inflows affect house prices, rents, construction, labor income, wealth, and ultimately welfare. We develop an equilibrium model, calibrated to the typical U.S. metropolitan area, to quantify...

Persistent link: https://www.econbiz.de/10012854624

Retirement, housing mobility, downsizing and neighbourhood quality : a causal investigation

Ha Trong Nguyen; Mitrou, Francis; Zubrick, Stephen R. - 2021

This paper provides the first causal evidence on the impact of retirement on housing choices. Our empirical strategy exploits the discontinuity in the eligibility ages for state pension as an instrument for the endogenous retirement decision and controls for time-invariant individual...

Persistent link: https://www.econbiz.de/10012585807

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

The Effects of Home Ownership on Post-unemployment Wages

Yang, Xi - 2022

This paper studies the effects of home ownership on job search outcomes. In contrast to previous literature focusing mainly on the impact of home ownership on unemployment rate and duration, this paper looks at the relationship between home ownership and post-unemployment wages. Using the Survey...

Persistent link: https://www.econbiz.de/10013295207

Do Long Distance Moves Discourage Homeownership? Evidence from England

Ha, Sejeong - 2014

We hypothesize that as the distance of a residential move increases, the cost of collecting information on the destination housing market rises, the amount and quality of information collected fall, and the chances of making an ill-informed housing purchase decision increases, reducing the...

Persistent link: https://www.econbiz.de/10013057930