Replication data for: Moving to a Job: The Role of Home Equity, Debt, and Access to Credit

Bent E. Sørensen, Dmytro Hryshko, Yuliya Demyanyk & María Jose Luengo-Prado
We use individual-level credit reports merged with loan-level mortgage data to estimate how home equity interacted with mobility in relatively weak and strong labor markets in the United States during the Great Recession. We construct a dynamic model of housing, consumption, employment, and relocation, which provides a structural interpretation of our empirical results and allows us to explore the role that foreclosure played in labor mobility. We find that negative home equity is not a...
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