Residential Mobility: Wealth, Demographic and Housing Market Effects

17 Pages Posted: 3 Oct 2012

See all articles by John Ermisch

John Ermisch

University of Oxford; IZA Institute of Labor Economics

Elizabeth Washbrook

University of Bristol

Date Written: November 2012

Abstract

The study presents a very simple model in which housing equity can influence mobility, and then estimates parameters that gauge the impact of housing equity, local house prices and other variables associated with household structure and change on residential movement within the UK. The data come from the British Household Panel Study over 1992-2008, which allow us to use within‐person variation to identify the parameters. The parameter estimates indicate that estimates based on cross‐section variation are seriously biased in our analysis. We check the robustness of our results to errors in measuring equity using an instrumental variable estimator. Our main finding is that an increase in a household's housing equity encourages residential mobility substantially, and a decline discourages it.

Suggested Citation

Ermisch, John F. and Washbrook, Elizabeth, Residential Mobility: Wealth, Demographic and Housing Market Effects (November 2012). Scottish Journal of Political Economy, Vol. 59, Issue 5, pp. 483-499, 2012. Available at SSRN: https://ssrn.com/abstract=2156071 or http://dx.doi.org/10.1111/j.1467-9485.2012.00591.x

John F. Ermisch (Contact Author)

University of Oxford ( email )

Manor Road
Oxford, OX2
United Kingdom

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Elizabeth Washbrook

University of Bristol

University of Bristol,
Senate House, Tyndall Avenue
Bristol, BS8 ITH
United Kingdom

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
2
Abstract Views
353
PlumX Metrics