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Titel
Labor demand shocks and housing prices across the US: does one size fit all? / Michael J. Osei (Oklahoma State University), John V. Winters (Oklahoma State University and IZA) ; IZA Institute of Labor Economics
VerfasserOsei, Michael J. In der Gemeinsamen Normdatei der DNB nachschlagen ; Winters, John V. In der Gemeinsamen Normdatei der DNB nachschlagen
KörperschaftForschungsinstitut zur Zukunft der Arbeit In der Gemeinsamen Normdatei der DNB nachschlagen
ErschienenBonn, Germany : IZA Institute of Labor Economics, June 2018
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Elektronische Ressource
Umfang1 Online-Ressource (24 Seiten) : Diagramme
SerieDiscussion paper ; no. 11636
URNurn:nbn:de:hbz:5:2-161138 Persistent Identifier (URN)
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Labor demand shocks and housing prices across the US: does one size fit all? [0.45 mb]
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Zusammenfassung

This paper examines whether effects of labor demand shocks on housing prices vary across time and space. Using data on 321 US metropolitan statistical areas, we estimate the medium- and long-run effects of increases in metropolitan statistical area-level employment and total labor income on housing prices. Instrumental variable estimates for different time periods, and also for coastal, non-coastal, large, and small metropolitan statistical areas are obtained using the shift-share instrument. Results suggest that labor demand shocks have positive effects on housing prices. However, these effects appear to vary across time periods and across different types of metropolitan statistical areas.