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Keeping the house or moving for a job

Author

Listed:
  • Yuliya Demyanyk
  • Dmytro Hryshko
  • Maria Jose Luengo-Prado
  • Bent E. Sorensen

Abstract

Some reports have suggested that employers can?t fill job openings in some places because they can?t entice workers to move. Workers won?t move, so the story goes, when doing so will mean losing money on their homes, and this is the case for many homeowners since the housing crash. But new research shows that homeowners will move when they have a better job offer, even if they will lose money on their home when they sell it.

Suggested Citation

  • Yuliya Demyanyk & Dmytro Hryshko & Maria Jose Luengo-Prado & Bent E. Sorensen, 2013. "Keeping the house or moving for a job," Economic Commentary, Federal Reserve Bank of Cleveland, issue Jul.
  • Handle: RePEc:fip:fedcec:y:2013:i:jul11:n:2013-09
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    File URL: https://www.clevelandfed.org/newsroom-and-events/publications/economic-commentary/2013-economic-commentaries/ec-201309-keeping-the-house-or-moving-for-a-job.aspx
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    Keywords

    Housing; Employment;

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