House lock and structural unemployment
A recent decline in geographic mobility in the United States may have been caused in part by falling house prices, through the lock in effects of financial constraints faced by households whose housing debt exceeds the market value of their home. I analyze the relationship between such house lock an...
|Main Author:||Valletta, Robert G|
|Place of publication:||
Bonn Institute for the Study of Labor (IZA) 2012
|published in:||Discussion Paper Series, Forschungsinstitut zur Zukunft der Arbeit Vol. 7002|
|Data of publication:||2012|
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