Interregional Migration and Housing Vacancy: Theory and Empirics
Author
Abstract
Suggested Citation
DOI: 10.20955/wp.2018.007
Download full text from publisher
References listed on IDEAS
- Rupert, Peter & Wasmer, Etienne, 2012.
"Housing and the labor market: Time to move and aggregate unemployment,"
Journal of Monetary Economics, Elsevier, vol. 59(1), pages 24-36.
- Peter Rupert & Etienne Wasmer, 2009. "Housing and the Labor Market: Time to Move and Aggregate Unemployment," SciencePo Working papers Main hal-00972979, HAL.
- Peter Rupert & Etienne Wasmer, 2009. "Housing and the Labor Market: Time to Move and Aggregate Unemployment," Working Papers hal-00972979, HAL.
- Rupert, Peter & Wasmer, Etienne, 2009. "Housing and the Labor Market: Time to Move and Aggregate Unemployment," University of California at Santa Barbara, Economics Working Paper Series qt1bv529kn, Department of Economics, UC Santa Barbara.
- Rupert, Peter & Wasmer, Etienne, 2009. "Housing and the Labor Market: Time to Move and Aggregate Unemployment," IZA Discussion Papers 4172, Institute of Labor Economics (IZA).
- Colwell, Peter F., 2002. "Tweaking the DiPasquale-Wheaton Model," Journal of Housing Economics, Elsevier, vol. 11(1), pages 24-39, March.
- Rodolfo Cermeño, 2002. "Growth convergence clubs: Evidence from Markov-switching models using panel data," 10th International Conference on Panel Data, Berlin, July 5-6, 2002 D5-3, International Conferences on Panel Data.
- Paul Cheshire & Christian A. L. Hilber & Hans R. A. Koster, 2015.
"Regulating Housing Vacancies Away? The Paradoxical Effects of Mismatch,"
SERC Discussion Papers
0181, Centre for Economic Performance, LSE.
- Cheshire, Paul & Hilber, Christian A. L. & Koster, Hans R. A., 2015. "Regulating housing vacancies away? The paradoxical effects of mismatch," LSE Research Online Documents on Economics 65014, London School of Economics and Political Science, LSE Library.
- Hamilton, James D, 1989. "A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle," Econometrica, Econometric Society, vol. 57(2), pages 357-384, March.
- Merlo, Antonio & Ortalo-Magne, Francois, 2004.
"Bargaining over residential real estate: evidence from England,"
Journal of Urban Economics, Elsevier, vol. 56(2), pages 192-216, September.
- Francois Ortalo-Magne, 2001. "Bargaining over Residential Real Estate: Evidence form England," ERES eres2001_251, European Real Estate Society (ERES).
- Antonio M. Merlo & François Ortalo-Magné, 2002. "Bargaining over Residential Real Estate: Evidence from England," CESifo Working Paper Series 778, CESifo.
- François Ortalo-Magné & Antonio Merlo, 2002. "Bargaining over Residential Real Estate: Evidence from England," Wisconsin-Madison CULER working papers 02-02, University of Wisconsin Center for Urban Land Economic Research.
- Stuart A. Gabriel & Frank E. Nothaft, 1988.
"Rental Housing Markets and the Natural Vacancy Rate,"
Real Estate Economics, American Real Estate and Urban Economics Association, vol. 16(4), pages 419-429, December.
- Stuart A. Gabriel & Frank E. Nothaft, 1987. "Rental housing markets and the natural vacancy rate," Working Paper Series / Economic Activity Section 74, Board of Governors of the Federal Reserve System (U.S.).
- Wheaton, William C, 1990. "Vacancy, Search, and Prices in a Housing Market Matching Model," Journal of Political Economy, University of Chicago Press, vol. 98(6), pages 1270-1292, December.
- Elliot Anenberg, 2016. "Information Frictions And Housing Market Dynamics," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 57, pages 1449-1479, November.
- Jeremy C. Stein, 1995. "Prices and Trading Volume in the Housing Market: A Model with Down-Payment Effects," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(2), pages 379-406.
- Williams, Joseph T, 1995. "Pricing Real Assets with Costly Search," The Review of Financial Studies, Society for Financial Studies, vol. 8(1), pages 55-90.
- Jeffrey P. Cohen & Cletus C. Coughlin & David A. Lopez, 2012. "The boom and bust of U.S. housing prices from various geographic perspectives," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 341-368.
- Monika Piazzesi & Martin Schneider & Johannes Stroebel, 2020.
"Segmented Housing Search,"
American Economic Review, American Economic Association, vol. 110(3), pages 720-759, March.
- Martin Schneider & Johannes Stroebel & Monika Piazzesi, 2012. "Segmented Housing Search," 2012 Meeting Papers 670, Society for Economic Dynamics.
- Monika Piazzesi & Martin Schneider & Johannes Stroebel, 2015. "Segmented Housing Search," NBER Working Papers 20823, National Bureau of Economic Research, Inc.
- David Genesove & Christopher Mayer, 2001.
"Loss Aversion and Seller Behavior: Evidence from the Housing Market,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 116(4), pages 1233-1260.
- David Genesove & Christopher Mayer, "undated". "Loss Aversion and Seller Behavior: Evidence from the Housing Market," Zell/Lurie Center Working Papers 323, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania.
- Genesove, David & Mayer, Christopher, 2001. "Loss Aversion and Seller Behaviour: Evidence from the Housing Market," CEPR Discussion Papers 2813, C.E.P.R. Discussion Papers.
- David Genesove & Christopher Mayer, 2001. "Loss Aversion and Seller Behavior: Evidence from the Housing Market," NBER Working Papers 8143, National Bureau of Economic Research, Inc.
- Rico Ihle & Stephan von Cramon-Taubadel & Sergiy Zorya, 2009. "Markov-Switching Estimation of Spatial Maize Price Transmission Processes between Tanzania and Kenya," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 91(5), pages 1432-1439.
- Molloy, Raven, 2016. "Long-term vacant housing in the United States," Regional Science and Urban Economics, Elsevier, vol. 59(C), pages 118-129.
- Gilles Duranton & J. V. Henderson & William C. Strange (ed.), 2015. "Handbook of Regional and Urban Economics," Handbook of Regional and Urban Economics, Elsevier, edition 1, volume 5, number 5.
- Han, Lu & Strange, William C., 2015. "The Microstructure of Housing Markets," Handbook of Regional and Urban Economics, in: Gilles Duranton & J. V. Henderson & William C. Strange (ed.), Handbook of Regional and Urban Economics, edition 1, volume 5, chapter 0, pages 813-886, Elsevier.
- Keith Ihlanfeldt & Tom Mayock, 2012. "Information, Search, and House Prices: Revisited," The Journal of Real Estate Finance and Economics, Springer, vol. 44(1), pages 90-115, January.
- Whitaker, Stephan & Fitzpatrick IV, Thomas J., 2013. "Deconstructing distressed-property spillovers: The effects of vacant, tax-delinquent, and foreclosed properties in housing submarkets," Journal of Housing Economics, Elsevier, vol. 22(2), pages 79-91.
- Jeffrey P. Cohen & Cletus C. Coughlin & Vincent W. Yao, 2016. "Sales of Distressed Residential Property: What Have We Learned from Recent Research?," Review, Federal Reserve Bank of St. Louis, vol. 98(3), pages 159-188.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Wang, Zhaohua & Ma, Junhua & Zhang, Bin & Yang, Yuantao & Wang, Bo & Zhao, Wenhui, 2023. "Does high speed railway alleviate housing vacancy rates? Evidence from smart meter data of household electricity consumption," Transportation Research Part A: Policy and Practice, Elsevier, vol. 176(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Lerbs, Oliver & Teske, Markus, 2016.
"The house price-vacancy curve,"
ZEW Discussion Papers
16-082, ZEW - Leibniz Centre for European Economic Research.
- Oliver Lerbs & Markus Teske, 2016. "The House Price-Vacancy Curve," ERES eres2016_189, European Real Estate Society (ERES).
- Cheshire, Paul & Hilber, Christian A.L. & Koster, Hans R.A., 2018.
"Empty homes, longer commutes: The unintended consequences of more restrictive local planning,"
Journal of Public Economics, Elsevier, vol. 158(C), pages 126-151.
- Cheshire, Paul & Hilber, Christian A. L. & Koster, Hans R.A., 2018. "Empty homes, longer commutes: the unintended consequences of more restrictive local planning," LSE Research Online Documents on Economics 86441, London School of Economics and Political Science, LSE Library.
- Masatomo Suzuki & Yasushi Asami, 2020. "Shrinking housing market, long-term vacancy, and withdrawal from housing market," Asia-Pacific Journal of Regional Science, Springer, vol. 4(3), pages 619-638, October.
- Suarez, Javier & Ceron, Jose A., 2006.
"Hot and Cold Housing Markets: International Evidence,"
CEPR Discussion Papers
5411, C.E.P.R. Discussion Papers.
- José Cerón & Javier Suarez, 2006. "Hot and Cold Housing Markets: International Evidence," Working Papers wp2006_0603, CEMFI.
- Gabrovski, Miroslav & Ortego-Marti, Victor, 2019.
"The cyclical behavior of the Beveridge Curve in the housing market,"
Journal of Economic Theory, Elsevier, vol. 181(C), pages 361-381.
- Miroslav Gabrovski & Victor Ortego-Marti, 2019. "The Cyclical Behavior of the Beveridge Curve in the Housing Market," Working Papers 201911, University of California at Riverside, Department of Economics.
- Tingyu Zhou & John M Clapp & Ran Lu‐Andrews, 2022. "Examining omitted variable bias in anchoring premium estimates: Evidence based on assessed value," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 50(3), pages 789-828, September.
- Gan, Li & Wang, Pengfei & Zhang, Qinghua, 2018.
"Market thickness and the impact of unemployment on housing market outcomes,"
Journal of Monetary Economics, Elsevier, vol. 98(C), pages 27-49.
- Li Gan & Qinghua Zhang, 2013. "Market Thickness and the Impact of Unemployment on Housing Market Outcomes," NBER Working Papers 19564, National Bureau of Economic Research, Inc.
- Miroslav Gabrovski & Victor Ortego-Marti, 2021. "On the Positive Slope of the Beveridge Curve in the Housing Market," Working Papers 202113, University of California at Riverside, Department of Economics.
- Dorinth W. Dijk & David M. Geltner & Alex M. Minne, 2022. "The Dynamics of Liquidity in Commercial Property Markets: Revisiting Supply and Demand Indexes in Real Estate," The Journal of Real Estate Finance and Economics, Springer, vol. 64(3), pages 327-360, April.
- Miroslav Gabrovski & Victor Ortego-Marti, 2024.
"On the slope of the Beveridge curve in the housing market,"
Economics Bulletin, AccessEcon, vol. 44(3), pages 948-960.
- Miroslav Gabrovski & Victor Ortego-Marti, 2021. "On the Slope of the Beveridge Curve in the Housing Market," Working Papers 202105, University of Hawaii at Manoa, Department of Economics.
- Segú, Mariona & Vignolles, Benjamin, 2018. "Taxing Vacant Dwellings: Can fiscal policy reduce vacancy?," MPRA Paper 85508, University Library of Munich, Germany.
- William N Goetzmann & Christophe Spaenjers & Stijn Van Nieuwerburgh, 2021.
"Real and Private-Value Assets [Gendered prices],"
The Review of Financial Studies, Society for Financial Studies, vol. 34(8), pages 3497-3526.
- Goetzmann, William N. & Spaenjers, Christophe & Van Nieuwerburgh, Stijn, 2021. "Real and Private-Value Assets," HEC Research Papers Series 1421, HEC Paris.
- William Goetzmann & Christophe Spaenjers & Stijn van Nieuwerburgh, 2021. "Real and Private-Value Assets," Working Papers hal-03501704, HAL.
- William N. Goetzmann & Christophe Spaenjers & Stijn Van Nieuwerburgh, 2021. "Real and Private-Value Assets," NBER Working Papers 28580, National Bureau of Economic Research, Inc.
- Van Nieuwerburgh, Stijn & Goetzmann, William & Spaenjers, Christophe, 2021. "Real and Private Value Assets," CEPR Discussion Papers 16083, C.E.P.R. Discussion Papers.
- Yu Zhu & Randall Wright & Damien Gaumont, 2017. "Modeling House Prices," 2017 Meeting Papers 744, Society for Economic Dynamics.
- L. Rachel Ngai & Silvana Tenreyro, 2014.
"Hot and Cold Seasons in the Housing Market,"
American Economic Review, American Economic Association, vol. 104(12), pages 3991-4026, December.
- Ngai, L.Rachel & Tenreyro, Silvana, 2008. "Hot and cold seasons in the housing markets," LSE Research Online Documents on Economics 4994, London School of Economics and Political Science, LSE Library.
- Ngai, L. Rachel & Tenreyro, Silvana, 2014. "Hot and cold seasons in the housing market," LSE Research Online Documents on Economics 63659, London School of Economics and Political Science, LSE Library.
- Ngai, Liwa Rachel & Tenreyro, Silvana, 2013. "Hot and Cold Seasons in the Housing Market," CEPR Discussion Papers 9427, C.E.P.R. Discussion Papers.
- Ngai, L. Rachel & Tenreyro, Silvana, 2013. "Hot and cold seasons in the housing market," LSE Research Online Documents on Economics 54251, London School of Economics and Political Science, LSE Library.
- L. Rachel Ngai & Silvana Tenreyro, 2009. "Hot and Cold Seasons in the Housing Market," CEP Discussion Papers dp0922, Centre for Economic Performance, LSE.
- Silvana Tenreyro & Rachel Ngai, 2009. "Hot And Cold Seasons in the Housing Market," 2009 Meeting Papers 955, Society for Economic Dynamics.
- Ngai, L. Rachel & Tenreyro, Silvana, 2009. "Hot and cold seasons in the housing market," LSE Research Online Documents on Economics 25497, London School of Economics and Political Science, LSE Library.
- François Ortalo-Magné & Sven Rady, 2006.
"Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints ,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 73(2), pages 459-485.
- Sven Rady, 2001. "Housing Market Dynamics: on the Contribution of Income Shocks and Credit Constraints," FMG Discussion Papers dp375, Financial Markets Group.
- François Ortalo-Magné & Sven Rady, 2002. "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints," Wisconsin-Madison CULER working papers 02-01, University of Wisconsin Center for Urban Land Economic Research.
- Rady, Sven & Ortalo-Magné, François, 2001. "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints," CEPR Discussion Papers 3015, C.E.P.R. Discussion Papers.
- Sven Rady & François Ortalo-Magné, 2001. "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints," CESifo Working Paper Series 470, CESifo.
- Ortalo-Magné, François & Rady, Sven, 2005. "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraint," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 50, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- L. Rachel Ngai & Kevin D. Sheedy, 2024.
"The Ins And Outs Of Selling Houses: Understanding Housing‐Market Volatility,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 65(3), pages 1415-1440, August.
- Ngai, Liwa Rachel & Sheedy, Kevin, 2020. "The Ins and Outs of Selling Houses: Understanding Housing Market Volatility," CEPR Discussion Papers 14331, C.E.P.R. Discussion Papers.
- Ngai, L. Rachel & Sheedy, Kevin D., 2024. "The ins and outs of selling houses: understanding housing-market volatility," LSE Research Online Documents on Economics 121451, London School of Economics and Political Science, LSE Library.
- Ngai, L. Rachel & Sheedy, Kevin D., 2023. "The Ins and Outs of Selling Houses: Understanding Housing-Market Volatility," IZA Discussion Papers 16603, Institute of Labor Economics (IZA).
- L. Rachel Ngai & Kevin D. Sheedy, 2022. "The Ins and Outs of Selling Houses: Understanding Housing-Market Volatility," Discussion Papers 2213, Centre for Macroeconomics (CFM).
- Eric Smith & Zoe Xie & Lei Fang, 2022.
"The Short and the Long of It: Stock-Flow Matching in the US Housing Market,"
CESifo Working Paper Series
10035, CESifo.
- Lei Fang & Eric Smith & Zoe Xie, 2022. "The Short and the Long of It: Stock-Flow Matching in the US Housing Market," FRB Atlanta Working Paper 2022-15, Federal Reserve Bank of Atlanta.
- Kashiwagi, Masanori, 2014. "A search-theoretic model of the rental and homeownership markets," Journal of Housing Economics, Elsevier, vol. 26(C), pages 33-47.
- Piazzesi, M. & Schneider, M., 2016.
"Housing and Macroeconomics,"
Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1547-1640,
Elsevier.
- Schneider, Martin & Piazzesi, Monika, 2016. "Housing and macroeconomics," CEPR Discussion Papers 11519, C.E.P.R. Discussion Papers.
- Monika Piazzesi & Martin Schneider, 2016. "Housing and Macroeconomics," NBER Working Papers 22354, National Bureau of Economic Research, Inc.
- Marlene Kionka & Martin Odening & Jana Plogmann & Matthias Ritter, 2021.
"Measuring liquidity in agricultural land markets,"
Agricultural Finance Review, Emerald Group Publishing Limited, vol. 82(4), pages 690-713, September.
- Kionka, Marlene & Odening, Martin & Plogmann, Jana & Ritter, Matthias, 2020. "Measuring liquidity in agricultural land markets," FORLand Working Papers 25 (2020), Humboldt University Berlin, DFG Research Unit 2569 FORLand "Agricultural Land Markets – Efficiency and Regulation".
- Kionka, Marlene & Odening, Martin & Plogmann, Jana & Ritter, Matthias, 2021. "Measuring Liquidity in Agricultural Land Markets," 2021 Conference, August 17-31, 2021, Virtual 315234, International Association of Agricultural Economists.
More about this item
Keywords
migration; vacancies; Markov-switching; search/matching; spillovers; VARs;All these keywords.
JEL classification:
- C24 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Truncated and Censored Models; Switching Regression Models; Threshold Regression Models
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
NEP fields
This paper has been announced in the following NEP Reports:- NEP-URE-2018-07-30 (Urban and Real Estate Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedlwp:2018-007. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anna Oates (email available below). General contact details of provider: https://edirc.repec.org/data/frbslus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.