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Title: Trajectories of Individual Behavior in the US Housing Market
Resulting in 1 citation.
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Choi, Seungbee |
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Trajectories of Individual Behavior in the US Housing Market Ph.D. Dissertation, Virginia Tech, 2022 Cohort(s): NLSY97 Publisher: Department of Economics, Virginia Polytechnic Institute and State University Keyword(s): Income; Residence, Return to Parental Home/Delayed Homeleaving Permission to reprint the abstract has not been received from the publisher. Three essays in this dissertation explore the behavior of individuals in response to the housing crisis and its consequences, and the impact of the pandemic on the short-term rental markets. The first essay examines the economic outcomes of young people who have returned to their parents' home, using data from 2003-2017 waves of the National Longitudinal Survey of Youth 1997 Cohort (NLSY 97). The economic outcomes of boomerang movers did not improve compared to the period of independent living, and the income gap with young people who remained independent widened. The residential movement of young people who make boomerang moves has an impact on their income, but this effect is short-lived. Going back to a parental house changes the region and urban form significantly, and movement of urban form from the central city to the suburban and from the suburban to out of the MSA has a negative impact on income. Findings from the study suggest implications. First, more affordable housing should be provided to reduce boomerang moves. Second, ways to increase job opportunities should be explored to reduce the short-term negative impact of boomerang move. Finally, education and vocational training opportunities must be increased to close the income gap among young people. |
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Bibliography Citation
Choi, Seungbee. Trajectories of Individual Behavior in the US Housing Market. Ph.D. Dissertation, Virginia Tech, 2022. |