The Spillover Effects of the Housing Market on Local Employment

Hong, Guangbin.


  • Abstract: I investigate the impact of the housing dynamics on local employment. This can occur through at least two channels - the price channel and the quantity channel. I use changes in house prices to capture the first channel, and changes in housing supply to account for the second. To evaluate the two effects, I build an econometric model using a panel of commuting zone level employment, ... read more
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