Federal Reserve Bank of Chicago
Chicago Fed Letter
How much has house lock affected labor mobility and the unemployment rate?
This article explores new evidence from the U.S. Census Bureau’s Survey of Income and Program Participation (SIPP) on the extent to which “house lock”--the reluctance of households to sell their homes in a declining house price environment--has contributed to the elevated unemployment rate since 2008.
Cite this item
Daniel Aaronson & Jonathan Davis, "How much has house lock affected labor mobility and the unemployment rate?"
, Federal Reserve Bank of Chicago, Chicago Fed Letter, issue Sep, 2011.
Keywords: Labor policy ; Unemployment
This item with handle RePEc:fip:fedhle:y:2011:i:sep:n:290
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