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100 _aOsei, Michael J.
_932032
245 _aLabor Demand Shocks and Housing Prices Across the United States: Does One Size Fit All?
300 _aVol.33, Issue 3,2019;( 212-219 p.)
520 _aThis study examines whether effects of labor demand shocks on housing prices vary across time and space. Using data on 321 U.S. metropolitan statistical areas (MSAs), the authors estimate the medium- and long-run effects of increases in MSA-level employment and total labor income on housing prices. Instrumental variable estimates for different time periods, and also for coastal, noncoastal, large, and small metropolitan statistical areas, are obtained using the shift-share instrument. Results suggest that labor demand shocks have positive effects on housing prices; however, these effects appear to vary across time periods and across different types of MSAs.
650 _ahousing prices,
_931879
650 _a labor demand shocks,
_931921
650 _alabor market,
_931921
650 _ahousing market
_931879
700 _aWinters, John V.
_932033
773 0 _010589
_915392
_dSage Publisher
_tEconomic development quarterly
856 _uhttps://doi.org/10.1177/0891242419846371
942 _2ddc
_cART