Housing Market Dynamics and Regional Migration in Britain

摘要: Economic conditions exert a strong influence on regional migration. On the one hand, labour market conditions, as exemplified by low unemployment rates and high earnings, draw migrants into regions. other housing can prevent movement since expensive deter commuting may often be an alternative. This thought of giving rise to migration equilibrium, where house prices choke off caused conditions. Expected capital gains in expected earnings growth however, offset levels prices, effects ignored previous literature. Migration also influenced more directly availability relative population without this being mediated through prices. paper presents evidence from 28 year panel net gross for regions Britain that is broadly accord with these expectations.