全球智库信息集成服务系统(G2TT): DP9474 Moving to a Job: The Role of Home Equity, Debt, and Access to Credit

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP9474
	DP9474 Moving to a Job: The Role of Home Equity, Debt, and Access to Credit
	Bent E Sørensen; Maria Jose Luengo-Prado; Yuliya Demyanyk; Dmytro Hryshko
发表日期	2013-05-12
出版年	2013
语种	英语
摘要	Using credit report data from two of the three major credit bureaus in the United States, we infer with high certainty whether households move to other labor markets defined by metropolitan areas. We estimate how moving patterns relate to labor market conditions, personal credit, and homeownership using panel regressions with fixed effects which control for all constant individual-specific traits. We interpret the patterns through simulations of a dynamic model of consumption, housing, and location choice. We find that homeowners with negative home equity move more than other homeowners, in particular when local unemployment growth is high---overall, negative home equity is not an important barrier to labor mobility.
主题	Financial Economics ; International Macroeconomics ; Labour Economics
关键词	Credit contraint Credit reports Mobility Unemployment
URL	https://cepr.org/publications/dp9474
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/538309
推荐引用方式 GB/T 7714	Bent E Sørensen,Maria Jose Luengo-Prado,Yuliya Demyanyk,et al. DP9474 Moving to a Job: The Role of Home Equity, Debt, and Access to Credit. 2013.