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Replication data for: Moving to a Job: The Role of Home Equity, Debt, and Access to Credit

Version
V0
Resource Type
Dataset
Creator
  • Demyanyk, Yuliya
  • Hryshko, Dmytro
  • Luengo-Prado, María Jose
  • Sørensen, Bent E.
Publication Date
2017-04-01
Description
  • Abstract

    We use individual-level credit reports merged with loan-level mortgage data to estimate how home equity interacted with mobility in relatively weak and strong labor markets in the United States during the Great Recession. We construct a dynamic model of housing, consumption, employment, and relocation, which provides a structural interpretation of our empirical results and allows us to explore the role that foreclosure played in labor mobility. We find that negative home equity is not a significant barrier to job-related mobility because the benefits of accepting an out-of-area job outweigh the costs of moving. This pattern holds even if homeowners are not able to default on their mortgages.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/mac.20130326 (Text)
Publications
  • Demyanyk, Yuliya, Dmytro Hryshko, María Jose Luengo-Prado, and Bent E. Sørensen. “Moving to a Job: The Role of Home Equity, Debt, and Access to Credit.” American Economic Journal: Macroeconomics 9, no. 2 (April 2017): 149–81. https://doi.org/10.1257/mac.20130326.
    • ID: 10.1257/mac.20130326 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-07

Demyanyk, Yuliya; Hryshko, Dmytro; Luengo-Prado, María Jose; Sørensen, Bent E. (2017): Replication data for: Moving to a Job: The Role of Home Equity, Debt, and Access to Credit. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E116396