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来源类型Working Paper
规范类型报告
DOI10.3386/w16701
来源IDWorking Paper 16701
Negative Equity Does Not Reduce Homeowners' Mobility
Sam Schulhofer-Wohl
发表日期2011-01-18
出版年2011
语种英语
摘要Some commentators have argued that the housing crisis may harm labor markets because homeowners who owe more than their homes are worth are less likely to move to places that have productive job opportunities. I show that, in the available data, negative equity does not make homeowners less mobile. In fact, homeowners who have negative equity are slightly more likely to move than homeowners who have positive equity. Ferreira, Gyourko and Tracy's (2010) contrasting result that negative equity reduces mobility arises because they systematically drop some negative-equity homeowners' moves from the data.
主题Regional and Urban Economics
URLhttps://www.nber.org/papers/w16701
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/574376
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GB/T 7714
Sam Schulhofer-Wohl. Negative Equity Does Not Reduce Homeowners' Mobility. 2011.
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