Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/217172 
Authors: 
Year of Publication: 
2019
Citation: 
[Journal:] Quantitative Economics [ISSN:] 1759-7331 [Volume:] 10 [Issue:] 4 [Publisher:] The Econometric Society [Place:] New Haven, CT [Year:] 2019 [Pages:] 1453-1493
Publisher: 
The Econometric Society, New Haven, CT
Abstract: 
This paper estimates a lifecycle model of consumption, housing choice, and migration in the presence of aggregate and regional shocks, using the Survey of Income and Program Participation (SIPP). The model delivers structural estimates of moving costs by ownership status, age, and family size that complement the previous literature. Using the model, I first show that migration elasticities vary substantially between renters and owners, and I estimate the consumption value of having the option to migrate across regions when there are regional shocks. This value is of lifetime consumption on average, and it varies substantially with household type.
Subjects: 
Migration
housing
lifecycle consumption
regional shocks
JEL: 
J6
R2
R23
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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