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Housing Market Dynamics and Regional Migration in Britain.

Abstract:

Economic conditions exert a strong influence on regional migration. On the one hand, strong labour market conditions, as exemplified by low unemployment rates and high earnings, draw migrants into regions. On the other hand, strong housing market conditions can prevent movement since expensive housing can deter migrants and commuting may often be an alternative. This can be thought of as giving rise to a migration equilibrium, where high house prices choke off migration caused by strong labou...

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Publisher:
Department of Economics (University of Oxford)
Series:
Discussion paper series
Publication date:
2006-01-01
Language:
English
UUID:
uuid:83dca3d9-6ad9-42d6-99ef-d976123b82ac
Local pid:
ora:1314
Deposit date:
2011-08-16

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