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Locked in by Leverage: Job Search during the Housing Crisis
| Content Provider | Scilit |
|---|---|
| Author | Brown, Jennifer |
| Copyright Year | 2016 |
| Description | Journal: SSRN Electronic Journal This paper examines how housing market distress affects job search. Using data from a leading online job search platform during the Great Recession, we find that job seekers in areas with depressed housing markets apply for fewer jobs that require relocation. With their search constrained geographically, job seekers broaden their search to lower level positions nearby. These effects are stronger for job seekers with recourse mortgages, which we confirm using spatial regression discontinuity analysis. Our findings suggest that housing market distress distorts labor market outcomes by impeding households’ ability to move. |
| Related Links | http://www.nber.org/papers/w22929.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2880784 |
| ISSN | 10914358 |
| e-ISSN | 15565068 |
| DOI | 10.2139/ssrn.2880784 |
| Journal | SSRN Electronic Journal |
| Language | English |
| Publisher | Elsevier BV |
| Publisher Date | 2016-01-01 |
| Access Restriction | Open |
| Subject Keyword | Journal: SSRN Electronic Journal Industrial Relations Job Search Mortgage Leverage |
| Content Type | Text |
| Resource Type | Article |
| Subject | Public Health, Environmental and Occupational Health Psychiatry and Mental Health |