| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14310 |
| 来源ID | Working Paper 14310 |
| Housing Busts and Household Mobility | |
| Fernando Ferreira; Joseph Gyourko; Joseph Tracy | |
| 发表日期 | 2008-09-05 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | Using two decades of American Housing Survey data from 1985-2005, we estimate the impact on household mobility of owners having negative equity in their homes and of rising mortgage interest rates. We find that both lead to lower, not higher, mobility rates over time. The impacts are economically large, with mobility being almost 50 percent lower for owners with negative equity in their homes. This does not imply that current worries about defaults and owners having to move from their homes are entirely misplaced. It does indicate that, in the past, the lock-in effects of these two factors were dominant over time. Our results cannot simply be extrapolated to the future, but policy makers should begin to consider the consequences of lock-in and reduced household mobility because they are quite different from those associated with default and higher mobility. |
| 主题 | Regional and Urban Economics |
| URL | https://www.nber.org/papers/w14310 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/571982 |
| 推荐引用方式 GB/T 7714 | Fernando Ferreira,Joseph Gyourko,Joseph Tracy. Housing Busts and Household Mobility. 2008. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w14310.pdf（275KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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