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• W3023290078 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<math xmlns=http://www.w3.org/1998/Math/MathML display=inline><mn>19</mn><mi mathvariant=normal>%</mi></math>of lifetime consumption on average, and it varies substantially with household type." @default.
• W3023290078 created "2020-05-13" @default.
• W3023290078 creator A5040941542 @default.
• W3023290078 date "2019-01-01" @default.
• W3023290078 modified "2023-10-13" @default.
• W3023290078 title "The effect of homeownership on the option value of regional migration" @default.
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• W3023290078 doi "https://doi.org/10.3982/qe872" @default.
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