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This paper examines the causal impact of internal migration on house price changes in Queensland - Australia's new capital of interstate migration. We study annual housing price growth across 82 Statistical Areas Level 3 (SA3) regions between 2014 and 2019 by employing a spatial correlation...
Persistent link: https://www.econbiz.de/10012591504
Australia is one of the most mobile countries in the world through internal migration, which is an overlooked part of population change. This study provides the first empirical evidence for the impact of internal migration inflow on house price changes across 237 statistical regions in Australia...
Persistent link: https://www.econbiz.de/10012543563
Inter-regional migration – the movements of the population from one region to another within the same country – can be an important mechanism of spatial economic adjustment, affecting regional demographic and growth patterns. This paper examines the economic and housing-related factors that...
Persistent link: https://www.econbiz.de/10012801178
This paper develops a dynamic spatial equilibrium model of regional housing markets in which house prices are jointly determined with migration flows. Agents optimize period-by-period and decide whether to remain where they are or migrate to a new location at the start of each period. The gain...
Persistent link: https://www.econbiz.de/10011840772
This paper analyses the location choices of new entrants to Auckland between 1996 and 2006, to identify a systematic relationship between residential location choices and features of local areas such as population density, the population composition of the area or its neighbourhood,...
Persistent link: https://www.econbiz.de/10014181314
This paper uses spatial statistical techniques to examine the economic determinants of residential location patterns in Auckland in 2006. The primary empirical focus of this paper is descriptive. We seek to establish the extent to which there are identifiable population subgroups that cluster...
Persistent link: https://www.econbiz.de/10014181351
Urbanisation in China has long been held back by various restrictions on land and internal migration but has taken off since the 1990s, as these impediments started to be gradually relaxed. People have moved in large numbers to richer cities, where productivity is higher and has increased...
Persistent link: https://www.econbiz.de/10010231018
This paper estimates a lifecycle model of consumption, housing choice, and migration in the presence of aggregate and regional shocks, using the Survey of Income and Program Participation (SIPP). The model delivers structural estimates of moving costs by ownership status, age, and family size...
Persistent link: https://www.econbiz.de/10012202852
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...
Persistent link: https://www.econbiz.de/10012915342
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...
Persistent link: https://www.econbiz.de/10011880374