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original: House prices and regional labor markets

Author

Listed:
  • Thomas Hyclak

    (Lehigh University, Rauch Business Center, 621 Taylor Street, Bethlehem, PA18015-3117, USA)

  • Geraint Johnes

    (Lancaster University, Department of Economics, The Management School, Lancaster LA1 4YX, UK)

Abstract

This paper examines some potentially significant interactions between local housing and labor markets. We use an error correction model with equations explaining the average manufacturing wage, the unemployment rate, the labor force and the average house price in an urban area. Estimates are reported for the Hartford, Houston, Fort Lauderdale and Milwaukee areas using quarterly data for the 1980s. We find some evidence that unemployment and labor force changes affect house prices and that house prices have a significant effect on the size of the labor force.

Suggested Citation

  • Thomas Hyclak & Geraint Johnes, 1999. "original: House prices and regional labor markets," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 33(1), pages 33-49.
    • Handle: RePEc:spr:anresc:v:33:y:1999:i:1:p:33-49
    Note: Received: September 1995 / Accepted: January 1996
    as

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