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Impact of the real median price of single-family homes on US internal net migration: an exploratory empirical note

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  • Richard Cebula

Abstract

This exploratory study investigates the impact of the real median price of single-family homes on US net internal migration flows over the 2000 to 2004 period. After allowing for factors such as the growth rate of GSP, the presence of hazardous waste sites, climate, the presence of state income taxes, and other factors, it is found that the rate of net state in-migration over the 2000 to 2004 period was negatively and significantly affected by higher real median prices on single-family homes, a finding consistent with the absence of 'money illusion'.

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  • Richard Cebula, 2009. "Impact of the real median price of single-family homes on US internal net migration: an exploratory empirical note," Applied Economics Letters, Taylor & Francis Journals, vol. 16(17), pages 1743-1746.
    • Handle: RePEc:taf:apeclt:v:16:y:2009:i:17:p:1743-1746
    DOI: 10.1080/13504850701604151
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    1. Cebula, Richard J., 1993. "The impact of living costs on geographic mobility," The Quarterly Review of Economics and Finance, Elsevier, vol. 33(1), pages 101-105.
    2. Lowell E. Gallaway & Richard J. Cebula, 1973. "Differentials and Indeterminacy in Wage Rate Analysis: An Empirical Note," ILR Review, Cornell University, ILR School, vol. 26(3), pages 991-995, April.
    3. Stephen M. Renas, 1980. "An Empirical Note on the Tiebout-Tullock Hypothesis: Comment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 94(3), pages 619-623.
    4. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
    5. Larry A. Sjaastad, 1970. "The Costs and Returns of Human Migration," Palgrave Macmillan Books, in: Harry W. Richardson (ed.), Regional Economics, chapter 9, pages 115-133, Palgrave Macmillan.
    6. Cebula, Richard J, 1990. "A Brief Empirical Note on the Tiebout Hypothesis and State Income Tax Policies," Public Choice, Springer, vol. 67(1), pages 87-89, October.
    7. Ira Saltz, 1998. "State income tax policy and geographic labour force mobility in the United States," Applied Economics Letters, Taylor & Francis Journals, vol. 5(10), pages 599-601.
    8. Cebula, Richard, 1978. "The Determinants of Human Migration," MPRA Paper 58401, University Library of Munich, Germany.
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