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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w16701 |
来源ID | Working 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 |
URL | https://www.nber.org/papers/w16701 |
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/574376 |
推荐引用方式 GB/T 7714 | Sam Schulhofer-Wohl. Negative Equity Does Not Reduce Homeowners' Mobility. 2011. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w16701.pdf(229KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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