Employment hysteresis from the great recession
D Yagan - Journal of Political Economy, 2019 - journals.uchicago.edu
This paper uses US local areas as a laboratory to test for long-term impacts of the Great
Recession. In administrative longitudinal data, I estimate that exposure to a 1 percentage …
Recession. In administrative longitudinal data, I estimate that exposure to a 1 percentage …
Mortgage Lock‐In, Mobility, and Labor Reallocation
We study the impact of rising mortgage rates on mobility and labor reallocation. Using
individual‐level credit record data and variation in the timing of mortgage origination, we …
individual‐level credit record data and variation in the timing of mortgage origination, we …
The economics of internal migration: Advances and policy questions
We review developments in research on within-country migration, focusing on internal
migration in the United States. We begin by describing approaches to modeling individuals' …
migration in the United States. We begin by describing approaches to modeling individuals' …
[HTML][HTML] Household mobility and mortgage rate lock
Rising interest rates can create “mortgage rate lock” for homeowners with fixed rate
mortgages, who can hold onto their low rates as long as they stay in their homes but would …
mortgages, who can hold onto their low rates as long as they stay in their homes but would …
Reference dependence in the housing market
We quantify reference dependence and loss aversion in the housing market using rich
Danish administrative data. Our structural model includes loss aversion, reference …
Danish administrative data. Our structural model includes loss aversion, reference …
Why is the rent so darn high? The role of growing demand to live in housing-supply-inelastic cities
Real rents measured in the United States CPI increased 17.4 log-points from 2000 to 2018.
We present a spatial equilibrium framework to decompose the increase into several …
We present a spatial equilibrium framework to decompose the increase into several …
Locked in by leverage: Job search during the housing crisis
This paper examines how housing market distress affects job search. Using data from a
leading online job search platform during the Great Recession, we find that job seekers in …
leading online job search platform during the Great Recession, we find that job seekers in …
Segregation and the geography of creditworthiness: Racial inequality in a recovered mortgage market
JW Faber - Housing Policy Debate, 2018 - Taylor & Francis
The subprime boom and subsequent foreclosure crisis highlighted risk associated with
pursuit of the American Dream of homeownership. People of color and those living in …
pursuit of the American Dream of homeownership. People of color and those living in …
Impact of live chat on purchase in electronic markets: The moderating role of information cues
Live chat tools have emerged as a channel for fostering synchronous communication
between sellers and buyers. The role of live chat in the e-commerce environment, however …
between sellers and buyers. The role of live chat in the e-commerce environment, however …
The lock-in effect of rising mortgage rates
People can be" locked-in" or constrained in their ability to make appropriate financial
changes, such as being unable to move homes, change jobs, sell stocks, rebalance …
changes, such as being unable to move homes, change jobs, sell stocks, rebalance …